Groups continue to work toward a solution as the pressure of a two-year delay in the farm bill is mounting on dairy interests as the last holdout.
As we reported on 10 January, dairy language was the holdup on the farm bill – the last hurdle until the conference can be completed. The House and Senate bills each provide for margin insurance for dairy, and both of those plans are based on supporting income-over-feed-costs (IOFC). This is because the high feed prices of the past five years rendered the price-revenue model of existing dairy programs ineffective. Moreover, both are also designed to pay a participating farm when the average difference between the USDA national all-milk price and the national cost of feeding dairy animals...
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...
