The rule was first proposed in June 2010, per congressional direction in the 2008 Farm Bill. Specifically, Congress directed USDA to look at five issues related to production contracts. USDA to Re-Propose GIPSA Rule A number of livestock groups spoke out at a hearing of the House Agriculture Committee’s subcommittee on Livestock and Foreign Agriculture this week (see following item) about USDA’s proposed Grain Inspection Packers and Stockyards Administration (GISPA) marketing rule, which the administration intends to pursue once again. The rule was first proposed in June 2010, per congressional direction in the 2008 Farm Bill. Specifically, Congress directed USDA to look at five issues related to production contracts:
Criteria for dete...
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...