Several ag-related bills have been brought to the House floor under a suspension of the rules, which is a parliamentary procedure to expedite the consideration of relatively noncontroversial measures.With its calendar full of ag issues today, the House of Representatives convened at 12:00 pm (EDT) and began legislative business at 2:00 pm with all the votes stacked after 6:30 pm. On the docket were:Commodity End-User Relief ActThis is the reauthorization of the Commodity Futures Trading Commission (CFTC) and is typically reauthorized every five years. However, the CFTC has been operating without a reauthorization for the past two years. The bill makes reforms in a number of areas that include:
Codification of important customer protectio...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
