Last week, Senators Jeff Flake (R-Arizona) and Jean Shaheen (D-New Hampshire) introduced legislation that called for the budget agreement's 8.9 percent cap on insurance companies' gross return on their underwriting gains. A companion bill was introduced in the House as well.
As we reported on 27 October, the “Bipartisan Budget Agreement of 2015” negotiated between the White House and congressional leadership had a $3 billion proposed cut on crop insurance spending. On 30 October, we further reported that the House Agriculture Committee initiated a letter to the leadership that demanded the cuts be made elsewhere. That effort drew an agreement from the House and Senate leadership to work to replace them with spending reduction...
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...
