Each of the House and Senate bills provides its own proposed program for dairy producers' margin insurance.
As we reported in a brief update yesterday, the farm bill conference is stalled over foreign aid language and dairy. Also as we have noted for the past two years, while the Supplemental Nutrition Assistance Program (SNAP) is the high profile contentious issue, dairy just may be the make or break item. That appears to be where we are now. Representative Collin Peterson (D-Minnesota), ranking member on the House Agriculture Committee, has indicated he is unlikely to whip votes for a farm bill conference report that does not include supply control. Senator Pat Leahy (D-Vermont) has said he would work to defeat a bill that did not incl...
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...
