After a reported breakdown in the budget talks, the lead congressional negotiators met three times on Monday and finally reached what is being called an “agreement in principle.” Details of the package will likely not be released until Wednesday (13 February), but the key sticking points on border security have been hashed out in a compromise. Reportedly, there is an agreement to do the following:
provide $1.37 billion for 55 miles of strategically placed border “barriers” (the president sought $5.7 billion) reduce the number of immigration and customs enforcement (ICE) detention beds by 17 percent with no hard cap on total detentions (decreasing the currently reported average 46,000 detentions per day to 4...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
