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: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
