With the government fiscal year ending on 30 September, the timing is clear as to when a CR must be passed, although the length of its duration is not. The initial effort to craft one will target a period of coverage, and that will be determined by one particular factor.
The government fiscal year ends on 30 September, and no appropriations bills have been passed to date. The House and Senate Appropriations Committees did pass their versions of those for agriculture in April and May, respectively, but there has been no action on a conference committee compromise version. The only appropriations bill to move forward was one for the Departments of Transportation and Housing and Urban Development combined with appropriations for Military Co...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
