Shortly after USDA announced the final tranche of Market Facilitation Payments (MFP) and noted that would almost certainly be the last of the federal checks, President Trump tweeted (in all caps): IF OUR FORMALLY TARGETED FARMERS NEED ADDITIONAL AID UNTIL SUCH TIME AS THE TRADE DEALS WITH CHINA, MEXICO, CANADA AND OTHERS FULLY KICK IN, THAT AID WILL BE PROVIDED BY THE FEDERAL GOVERNMENT Of course, it is an election year, and the MFP payments have had a big impact on monthly farm income as shown by the chart below.
At the American Farm Bureau Federation convention in January, Secretary Perdue announced that the third and final tranche of the 2019 round of payments would be made in early 2019, but there would not be a 2020 round of MFP...
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...
