The Senate today passed its version of the farm bill by a vote of 65-34. The following is a description of the bill and a list of amendments and how they were disposed. Commodity Title The Senate farm bill would repeal most current agricultural price and income support programs while authorizing a newly designed revenue protection program called the Ag Risk Coverage (ARC). Under the proposal, the Congressional Budget Office (CBO) estimates that federal spending on commodity programs over the 2013-22 period would total $43.2 billion, or $19.8 billion less than expected if current law were continued.Commodity programs phased out would include:
Direct payments made to producers based on historical acres and yields using fixed payment r...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
