In addition to raising the federal funds rate at its 13-14 June, the Federal Reserve addressed the issue of how it will roll off its massive holdings of securities.
At its 13-14 June, the Federal Open Market Committee (FOMC) raised the federal funds rate by a quarter-percent (see Ag Perspectives, 14 June) to a target range of 1-1.25 percent. This is the fourth rate hike since December 2015, and the FOMC’s post-meeting notes indicated another one is likely in September.After its May meeting, the FOMC decided to maintain its existing policy of reinvesting all principal payments from its holdings of agency debt and agency mortgage-backed securities back into agency mortgage-backed securities along with rolling over maturing Treasury s...
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...
