Congress has a busy December ahead of it, including keeping the government open and increasing the Treasury Department’s borrowing authority. As it stands, Congress is scheduled to go into recess a week from Friday, but that is not likely to happen, and instead could be in session right up to 24 December, i.e., Christmas Eve.
The current Continuing Resolution expires on Friday of this week; it will have to be extended or Congress will have to pass a funding bill that extends through the end of the fiscal year on 30 September 2022. The latter is unlikely as the two parties have not been able to agree to a yearlong appropriations bill. The federal government is currently functioning at levels agreed to during the Trump administration...
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...
