The Sunday political talk shows painted a dim picture of the ongoing budget discussions between Congress and the administration. Appearing on one of them, Senate Appropriations Committee Chairman Richard Shelby (R-Alabama) said that the negotiations on the border issue were running into snags over several issues, including the following:
Building a wall and how much will be appropriated for border security (now somewhere between $1.2 and $5.7 billion) Limiting the number of detention beds used by the Immigration and Customs Enforcement (ICE) to a maximum 16,500, including those arrested for crimes other than illegal immigration status
Shelby said he was “not confident” about making progress. House Budget Committee Chairma...
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...
