Congress has come up with a spending package to avoid a government shutdown. If passed, the spending blueprint would fund the government for two years, taking another shutdown threat off the table prior to the 2018 elections. Following is the process ahead:
The Senate will vote today on a standalone defense funding bill, which will largely be a posturing vote for the record and is expected to fall short of passage. The Senate will then take up a continuing resolution, H.R. 1892, passed by the House on 6 February by a vote of 245 to 182, but it will amend that bill and replace the House passed language with the new two-year compromise package. Assuming Senate passage of the already agreed upon negotiated appropriations bill, the legisla...
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...
