The House passed the farm-only bill yesterday as Gary Blumenthal reported. It needed 218 votes to pass, but the Speaker's chair gaveled the vote closed to declare the bill passed with 216 votes and 208 votes opposed. No Democrats voted for the bill, 12 Republicans voted against it and six Republicans did not vote. The other committee chairmen that voted against the bill originally all voted for it this time.This bill has essentially the language that received the final vote without passing in June, including the changes to the dairy title offered by Representative Robert Goodlatte (R-Virginia), but without any nutrition provisions. The bill also included a change of the permanent law provision – i.e. the reversion of farm law to...
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...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.