With the government fiscal year ending on 30 September, the timing is clear as to when a CR must be passed, although the length of its duration is not. The initial effort to craft one will target a period of coverage, and that will be determined by one particular factor.
The government fiscal year ends on 30 September, and no appropriations bills have been passed to date. The House and Senate Appropriations Committees did pass their versions of those for agriculture in April and May, respectively, but there has been no action on a conference committee compromise version. The only appropriations bill to move forward was one for the Departments of Transportation and Housing and Urban Development combined with appropriations for Military Co...
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...