This afternoon USDA Secretary Sonny Perdue had a press briefing about the administration’s package of market stabilization actions intended to address what was called the “unexpected marketing situation” for U.S. agriculture resulting from the trade dispute with China and other trading partners. The mitigation package, which totals $12 billion in funds, will come in the following three parts:
Market Facilitation Program: issues direct payments to producers of soybeans, sorghum, corn, wheat, cotton, dairy and hogs Food Purchase and Distribution Program: purchases unexpected surpluses of affected commodities such as fruits, nuts, rice, legumes, beef, pork and milk for distribution to food banks and other nutrition progra...
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...
