Typically, the submission of the president’s budget sparks a number of congressional hearings and starts the process of Congress formulating its own FY 2017 budget by considering his proposal. However, the chairmen of the House and Senate Budget Committees have announced a break in tradition.President Obama will release his proposed budget for FY 2017 tomorrow, 9 February. Those aspects related to agriculture are expected to include the following:
Research: Increased spending by $700 million more for the Agriculture Food and Research Institute is anticipated, which will fund research and basic science (mainly through land grant universities) in food safety, livestock and animal products, nutrition, health, bioenergy, natural resources an...
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...
