As farm and commodity groups seek additional financial assistance for the remainder of this year and start to focus on the upcoming farm bill next year, budgetary pressures that may limit ag program spending are mounting.
As farm and commodity groups seek additional financial assistance for the remainder of this year and start to focus on the upcoming farm bill next year, budgetary pressures that may limit ag program spending are mounting. The Congressional Budget Office (CBO) released its latest budget and economic outlook, showing that the budget deficit in FY 2016 (ending 30 September) will not only increase, but it will rise in relation to gross domestic product (GDP) for the first time since 2009. Based on a slower rate of revenue c...
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...