The second round of the CFAP program – i.e. CFAP 2 – has already begun making payments. WPI provided a summary on how the program was structured on 18 September, but as a refresher:
Signup for the program runs through 11 December Payments will be made from the CCC just like the original CFAP Most program crops (corn, soybeans, wheat, sorghum, barley) will receive payments based on the lost value of those crops from January through July – corn is projected to be eligible for $3.544 billion and soybeans for $1.385 billion Other crops are eligible for a per acre payment, like the second round of MFP payments Livestock is eligible for per head payments based on production history Milk is eligible for $1.20/cwt based on...
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...
