Last week, Senators Jeff Flake (R-Arizona) and Jean Shaheen (D-New Hampshire) introduced legislation that called for the budget agreement's 8.9 percent cap on insurance companies' gross return on their underwriting gains. A companion bill was introduced in the House as well.
As we reported on 27 October, the “Bipartisan Budget Agreement of 2015” negotiated between the White House and congressional leadership had a $3 billion proposed cut on crop insurance spending. On 30 October, we further reported that the House Agriculture Committee initiated a letter to the leadership that demanded the cuts be made elsewhere. That effort drew an agreement from the House and Senate leadership to work to replace them with spending reduction...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
