For the first time since 2009 (FY 2010), Congress actually passed a budget resolution this year. It sets the broad outline of authorized mandatory and appropriated discretionary spending. However, no final appropriations bills have been passed that meet its strictures.
The federal government's FY 2016 starts in 19 days. As can be seen in the table below, no appropriations bill for the new fiscal year has progressed to the point of going to conference. In fact, no bill has passed the full Senate, and the House is only halfway through the 12 bills. Similar to recent past years, some kind of extension of current year spending is likely to be taken up by Congress as time is running out.Four years ago, the federal budget process started with...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
