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: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
