In an event at a produce packaging facility in North Carolina yesterday, President Trump announced another $1 billion for the Food Box distribution program. This would be the fourth round of the program originally authorized by the CARES Act. The legislation provided $3 billion for distributors to contract to supply feeding programs and food banks with boxes of produce, cooked meat, and dairy products.
To date, 71.7 million boxes have been distributed. Counting the dairy boxes and the dairy portion of the “combo boxes”, about 25 percent or more of the funding has gone to dairy. If that pace continues (it likely will because a high percent of current contracts will be extended) that will total $1 billion on dairy purchases ove...
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...
