The cuts proposed to the crop insurance program were not incorporated into the farm bill, which makes it unlikely that Congress will act on them any time soon.
The White House today released the president's FY 2015 budget proposal. It calls for $3.337 trillion in receipts and $3.901 trillion in spending for a deficit of $564 billion, compared with a projected deficit of $649 billion in FY 2014. Revenues rise 11.12 percent and spending grows 6.8 percent over the projected levels in FY 2014. In his budget message, the president states:Earlier this year, thanks to the work of Democrats and Republicans, the Congress produced an agreement that undid some of last year's severe cuts to priorities like education and research, infrastructure, and...
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...
