Controversy today heightened over the House Republican leadership's decision to move the farm bill process via a one-year extension of the farm bill. Many lawmakers and farm groups are opposed to an extension without an explicit and direct path to conference. They want a five-year bill, while others -- mainly conservative groups -- want a one-year extension in lieu of the five-year legislation.Here are some of the comments that have been made about this issue:
USDA Secretary Tom Vilsack said the extension is "just an excuse not to put in the work to build a coalition." American Farm Bureau Federation President Bob Stallman said the extension "does nothing to help hog or poultry producers, little to provide assistance to the dairy ind...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
