The House passed the scaled back version of the President’s Build Back Better reconciliation bill; the original package was $3.5 trillion, what got through the House on a 220-213 mostly party-line vote was $1.75 trillion. One Democrat, Representative Jared Golding of Maine, was the only member to cross party lines; he voted against it. The House vote was delayed waiting on a budget score from the Congressional Budget Office (CBO), requested by a group of moderate Democrats as we noted on 8 November). The bill has $81.564 billion in ag spending over the next five years; and $81.746 over the next 10 years.
Like the ag programs, most of the spending is front loaded. Over 10 years CBO forecast the bill would increase the deficit...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
