The House and Senate will appoint conferees to the farm bill conference committee this week and begin work on a compromise final version. Based on Congressional Budget Office (CBO) estimates, the Senate bill would increase net direct spending over the 2019-2023 period by $1.4 billion, while the House bill would boost it by $3.2 billion. For commodity programs in Title I, the House bill would increase net spending over the five-year period by $150 million, but the Senate would decrease it by about $145 million.
The changes come from reforms in the respective bills. The House farm bill would revise how Price Loss Coverage (PLC) payments are calculated and establish new reference prices to allow an inflation adjustment over a period of high...
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...
