USDA’s Ag Marketing Service Packers and Stockyards Division (PSD) released a draft of the first of three proposed rules today: Transparency in Poultry Grower Contracting and Tournaments, aka the “tournament pricing rule.” Two more rules, covering livestock and poultry, are expected later this summer or early fall:
Clarifying the scope of the Packers and Stockyards Act (PSA), which will address allegations brought against packers or dealers made under PSA must show economic harm or likely harm
Determining unfair practices under the PSA which sets the standards for what purchase or contract terms would be considered unreasonable preferential or discriminatory.
Of course, eliminating the need to show eco...
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...
