The Biden Administration has done the impossible – it has united Congressional Democrats and Republicans on an issue, and not in a good way. It turns out that Congressional trade folks felt good when they came together back in 2020 and in a strong bipartisan fashion, voted overwhelmingly in favor of the USMCA. They wonder where is that level of ambition today?
Both Republicans and Democrats believe Article 2, Section 2 of the Constitution gives the Congress primacy over trade. They didn’t like it when Donald Trump ran roughshod over this fact, and they don’t like that Joe Biden is continuing to ignore it. They want the level of consultation required when the President is obligated under Trade Promotion Aut...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Total Red Meat & Poultry September 2026 total red meat and poultry stocks totaled 1.97 billion pounds, down 1.4 percent from August despite typically increasing 0.8 percent during the month, and were 1.5 percent below September 2025 levels. The decline pushed total inventories to a new five...
