Last week, President Biden unveiled a major $2 trillion infrastructure package, the American Jobs Plan. From agriculture’s perspective, the plan is a mixed bag, but mostly positive proposals in terms of infrastructure upgrades.
Inland waterways, ports, and in-land ports of entry would receive $17 billion in funding for upgrades;
Rural broadband – and the adoption of ag tech which depends on broadband – would benefit from the $100 billion in funding for broadband connectivity;
Roads and bridges would receive $115 billion in funding for upgrades, starting with the “most economically significant large bridges in the country in need of reconstruction” and include “the worst 10,000 smaller bridg...
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...