In an event at a produce packaging facility in North Carolina yesterday, President Trump announced another $1 billion for the Food Box distribution program. This would be the fourth round of the program originally authorized by the CARES Act. The legislation provided $3 billion for distributors to contract to supply feeding programs and food banks with boxes of produce, cooked meat, and dairy products.
To date, 71.7 million boxes have been distributed. Counting the dairy boxes and the dairy portion of the “combo boxes”, about 25 percent or more of the funding has gone to dairy. If that pace continues (it likely will because a high percent of current contracts will be extended) that will total $1 billion on dairy purchases ove...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
