Senate Majority Leader Harry Reid (D-Nevada) does not want his vulnerable members to face any compromising votes before the November election. This means that the trade agenda is on hold until a post-election lame duck session.
Trade Policy Post-November Senate Majority Leader Harry Reid's (D-Nevada) announcement yesterday that Trade Promotion Authority (TPA) would not be considered anytime soon means not until after the November election. Republicans need to win six seats in November to take control of the upper chamber and because of President Obama's current unpopularity, some political forecasters are calling the Senate a toss-up. An article in today's Politico newspaper entitled, "Democrats: Cede the House to save the Senat...
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...
