According to the Monthly Treasury Statement issued by the Department of Treasury, USDA has spent about $149.53 billion so far this fiscal year. That means there is about $6 billion left in USDA’s regular budget checking account for the last two months of the fiscal year, and the CARES Act passed in May provides another $14 billion in CCC authority leaving the agency about $20 billion on hand for the next two months. Below shows monthly spending this year compared to FY 2017, the last year there were no MFP or CFAP payments.
Of course, this is total USDA spending on everything from the Forest Service to feeding programs, as well as ARC and PLC, and not all is spent on CFAP. Though the category of “other spen...
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...
