Largely through the bipartisan efforts of the House and Senate Ag Committees' leadership, crop insurance cuts in the two-year budget agreement will be spared with an alternative offset to be developed.
As we reported on 27 October, the two-year bipartisan budget agreement negotiated between the White House and congressional leadership had a $3 billion proposed cut to crop insurance spending. Largely through the efforts of House Ag Committee Chairman Michael Conaway (R-TX) and Ranking Member Collin Peterson (D-MN) as well as those of Senate Ag Committee Chairman Pat Roberts (R-KS) and Ranking Member Debbie Stabenow (D- MI), crop insurance will be spared when the final bill is considered and an alternative offset is developed.Conaway state...
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...
