War Nears End Senate Finance Committee Chairman Orrin Hatch (R-Utah) said today that if President Trump continues with his “misguided and reckless reliance on tariffs” that he will advance legislation to curtail his trade authority. The chairman appears clueless that Trump’s intent all along has been to continue increasing tariffs until trading partners offer terms of trade that he finds acceptable. They will not offer them for free, and they will likely offer nothing at all if the president loses political support for his effort. Some questions for Chairman Hatch include the following:
If not via the use of tariffs, how would you propose to get the Chinese to stop their mercantilist trade practices? Did the administ...
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...
