Thursday, June 24, 2021 10:52AM CDT
U.S. District Judge Marcia Morales Howard in the U.S. District Court for Middle Florida issued a preliminary injunction Wednesday against USDA, blocking the department from sending out debt relief to socially disadvantaged farmers while the legal battle over the program continues.
Thursday, June 24, 2021 8:56AM CDT
Farmers told members of a House Agriculture Subcommittee on Wednesday that disaster aid such as WHIP-Plus has been slow to respond to natural disasters, typically because Congress must reauthorize the program for each year. Farmers and lawmakers floated the possibility of a permanent disaster program, and the idea that it could be run by the crop insurance industry.
December corn is down 11 cents, November soybeans are down 19 1/2 cents and July KC wheat is down 6 1/2 cents.
The livestock complex is struggling as it attempts to find stability. Falling grain prices have not been able to provide solid support to the market. Traders will be looking to the Hogs and Pigs report Thursday and the Cattle on Feed report Friday for some direction.