Friday, February 26, 2021 5:35PM CST
The hearing for Katherine Tai, the president's nominee for U.S. Trade ambassador, hearing comes as trade deals and negotiations reached under the Trump administration have set the table for record agricultural exports in fiscal year 2021, which USDA forecasts at $157 billion.
Friday, February 26, 2021 3:59PM CST
USDA will extend enrollment for the latest round of the Coronavirus Food Assistance Program for Additional Assistance, dubbed CFAP-AA. Signup will continue, though payments under the program remain frozen. Trade and filling vacancies at USDA agencies are also areas that will draw attention, newly sworn-in Agriculture Secretary Tom Vilsack said.
May corn is down 6 1/2 cents per bushel, May soybeans are down 14 cents, and May KC wheat is down 11 1/4 cents.
Both cattle and hog futures did not perform Thursday as well as hoped given the strong close on Wednesday. The market might be getting tired, leaving the potential for a significant technical price correction. However, cash continues to indicate steady to higher prices.