The letter makes the case for protecting farm bill spending from any further cuts under the FY 2015 budget.Under the federal budget process, each of the congressional authorizing committees (e.g., the House and Senate Agriculture Committees) send a views and estimates letter to the respective chamber's Budget Committees. The House Agriculture Committee yesterday filed its letter with the House Budget Committee. The letter states:The Committee's main focus will now shift to ensuring proper implementation of the Agricultural Act of 2014. The Committee will also continue focusing on its oversight role, ensuring that the US Department of Agriculture is administering its programs in a fiscally responsible manner.Specifics include:
Eliminating...
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...