The Senate Agriculture Committee today had a hearing on cattle markets. Tomorrow, the House Agriculture Committee will convene a hearing on the same topic. There are slightly different emphases of the two hearings. The Senate hearing was on a couple of specific proposals: the Cattle Price Discovery and Transparency Act and the Meat and Poultry Special Investigator Act. Tomorrow’s House hearing will be more general, but on the same issues; its titled “An Examination of Price Discrepancies, Transparency, and Alleged Unfair Practices in Cattle Markets.” The Cattle Price Discovery and Transparency Act (CPDTA) is the third iteration of the old “50/14” bill that would have required beef packers to purchase 50 percen...
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...
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