The U.S. Congress often accomplishes more during lame duck sessions, the period after an election and before new members are sworn in, because those retiring from office converge with moderates to accomplish fundamental needs. Senator Rob Portman (R-Ohio) is retiring, and he has such a dream. He envisions a grand bargain that addresses the serious holes in U.S. trade policy. These include:
Reauthorizing the Generalized System of Preferences (relatively non-partisan) Reauthorizing Trade Adjustment Assistance (a priority for Democrats) Establishing Trade Promotion Authority solely for a U.S. – United Kingdom FTA (relatively non-controversial) Establishing policies for better addressing the trade challenges posed by China (a bipart...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...