Lawmakers reached a deal early this morning on the omnibus spending bill and the tax extender package. There are a number of provisions in both that significantly impact agriculture.
Lawmakers reached a deal early this morning on the omnibus spending bill and the tax extender package. This report provides an overview of key issues addressed in both. Moving forward, House Speaker Paul Ryan is expected to adhere to his self-imposed “three-day rule,” which gives members of Congress that amount of time to review the text; the omnibus is comprised of 2,009 pages and the tax extender bill has 200 pages. This means the vote will likely be postponed until Friday, 18 December. Congress passed another short-term continuing resolution t...
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...
