Saturday, 20 January marked the one-year anniversary of President Trump’s inauguration. It also capped a year full of surprises with a government shutdown over an impasse on budget matters on that same day. Given the political fallout from the last shutdown in 2013 and the one in 1997, few observers thought it would come to this. Following is a synopsis of what occurred in recent days and where things stand as of this morning:
The House passed a short-term continuing resolution (CR) last Thursday before the 19 January deadline for funding the government. The Senate failed to pass the CR on Friday and remained in session all weekend. A plan to vote on a proposal at 10 p.m. (EST) Sunday night was blocked by the opposition. T...
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...
