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: 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...
