The House reauthorization bill contains a number of reforms and addresses many of the Dodd-Frank Act provisions. It should be able to move through that chamber this summer, but the Senate will provide a different landscape.
CFTC reauthorization is on the House agenda for the summer (as previously reported). It was last passed in 2008 as part of the farm bill and expired on 30 September 2013. That reauthorization was drafted before the late 2008-09 recession and prior to the Dodd-Frank Act that widened the CFTC's jurisdiction. The House Agriculture Committee has passed by voice vote a bipartisan reauthorization bill, named the Consumer Protection and End User Relief Act, that was authored by the full committee Chairman Frank Lucas (R-Okla...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
