The devil is in the details, which are sparse at this moment. Indeed, there is not even confirmation right now that all the provisions in both the House and Senate bills are in the conference report.
The House and Senate farm bill conferees are scheduled to meet today, tomorrow and Wednesday. Numerous members are expressing confidence that progress will be made this week and that the farm bill will be finalized before month's end. However, it should also be noted that what exactly is in the conference report at this point is unknown. Neither House Agriculture Committee Chairman Frank Lucas (R-Oklahoma) nor Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Michigan) has released an outline or any other kind of draft. Moreover, to...
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...