Lawmakers reached a deal early this morning on the omnibus spending bill and the tax extender package. There are a number of provisions in both that significantly impact agriculture.
Lawmakers reached a deal early this morning on the omnibus spending bill and the tax extender package. This report provides an overview of key issues addressed in both. Moving forward, House Speaker Paul Ryan is expected to adhere to his self-imposed “three-day rule,” which gives members of Congress that amount of time to review the text; the omnibus is comprised of 2,009 pages and the tax extender bill has 200 pages. This means the vote will likely be postponed until Friday, 18 December. Congress passed another short-term continuing resolution t...
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...
