The Senate passed the $1.9 trillion COVID relief package over the weekend by a vote of 50-49. The bill changes some of the non-agriculture related provisions of the House bill, so it must go back to the House for a final vote before President Biden can sign it. That vote is expected to happen tomorrow. Senator Pat Toomey (R-Pennsylvania) offered an amendment to strip all the ag provisions out of the bill. That amendment failed on a vote of 49-50. Toomey is retiring from the Senate at the end of this session. The ag provisions in the bill total about $10.4 billion – with about $12 billion for nutrition programs.
Protein Exports Update Chicken leg quarter prices have rebounded since the fi...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
