As Gary Blumenthal wrote last night, the House Agriculture Committee released its version of the 2012 farm bill, called the Federal Agriculture Reform and Risk Management (FARRM) Act, readying the Committee for mark-up next Wednesday, 11 July. As we've predicted (see WPI 18 May), the House Agriculture Committee bill:
Makes deeper cuts in spending through additional cuts to the Supplemental Nutrition Assistance Program (SNAP); Includes a choice between a crop or revenue coverage risk management program (like the proposal developed during the Super Committee process in 2011); and Is more generous/less stingy (depending on your reference point) to southern commodities.
Like the Senate bill, the House proposal eliminates D...
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...
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 €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
