The long-term CR is likely to be based on the budget resolution, and the cuts to mandatory spending are likely to be in any such legislation that appears in December, creating the same battle as last year (only on slightly different parliamentary turf) that led to a government shutdown.
Here’s an update on fiscal policy, which will be the primary issue in Congress over the last few months of the current session. First, Congress passed a clean continuing resolution (CR) last week; clean means that it was strictly limited to funding the government without making any policy changes, budgetary or otherwise. That avoided a government shutdown on the first day of the new fiscal year, 1 October. Recall that one occurred last year due to a...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
