Yesterday (16 May) the House passed the rule governing the floor debate on the farm bill by a vote of 229-185. Also covered under this rule are the Protect and Serve Act of 2018 and the Veterans Cemetery Benefit Correction Act. Should the farm bill struggle, those latter two bills provide a safety valve for the House leadership in terms of scheduling floor activity. Consideration of the farm bill began today and could extend through tomorrow with a possible final vote that day. It’s unusual to have scheduled votes on a Friday. Key livestock amendments include the following two that have been deemed not controversial and likely to be accepted:
Allowing the Environmental Quality Incentives Program (EQIP) to enter into contracts with...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
