In response to lost soybean export sales to China because of the trade dispute, President Trump and USDA announced in August that farmers would be paid about $10 billion in “Tariff Aid Payments.” The rate of payments and fund allocations for the various commodities involved are detailed below.
There are many different commodities/products that will receive payments, but soybean producers are clearly the winners - just as they should be. 50 percent of these payments were authorized almost immediately, but issuance of the other 50 percent wasn’t a certainty. In fact, some analysts were surprised when it was authorized this week because China is buying U.S. soybeans again. These payments are based on 2018 production, and f...
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...
