USDA on Thursday expanded the agricultural commodities that can apply for aid under the Coronavirus Food Assistance Program (CFAP). USDA also announced more than 1.2 million acres were enrolled into the Conservation Reserve Program for grasslands.
The recent spur in live cattle contracts couldn't seem more baffling as the market still faces vast numbers of fat cattle that need slaughtered, sees heavier carcass weights, and has concerns about the third quarter's boxed beef demand.
While the National Grain and Feed Association largely supports the CFTC's fifth attempt to create a position limits rule, its official statement on the rule offers a number of suggestions, including adding another strategy to its list of bona fide hedges.
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