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The Latest Breaking News from USDA

Trump says "we can reform" SNAP

"SNAP is supposed to be if you are down and out," Trump said on Fox News this evening.

Axios

Hogs Rally to Kick off the Week

Lean hog futures posted gains of $3.27 to $3.50 across most front months on Monday. USDA’s national base hog price from Monday PM was reported at $84.29, down 4 cents from the day prior. The CME Lean Hog Index was down another 55 cents on November 6 at $90.05. USDA’s...

Barchart

Cattle Start the Week with Limit Gains

Live cattle futures were the $7.25 limit higher to close out the Monday session. Last week’s cash trade was reported at $225-230 in the north, with $230-232 Southern sales. Feeder cattle futures closed the Monday session with $9.25 limit gains. The CME Feeder Cattle Index was back down $1.86 to...

Barchart

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Order to fund SNAP overstepped judge's power, DOJ argues to Supreme Court

"Once more, the government unequivocally agrees that any lapse in SNAP funding is tragic," the solicitor general said.

Axios

Dear Grain and Cotton Traders, Mark Your Calendars for November 14

The biggest catalyst on the horizon for corn, soybean, winter wheat, and cotton futures markets is the USDA report on Friday, Nov. 14.

Barchart

How fast will SNAP food stamps start flowing again once the government reopens?

About 42 million Americans rely on SNAP benefits

The Independent UK

NY Sugar Prices Move Higher on Brazilian Real Strength

March NY world sugar #11 (SBH26) on Monday closed up +0.10 (+0.71%), and December London ICE white sugar #5 (SWZ25 ) closed down -1.40 (-0.34%). Sugar prices settled mixed on Monday, with London sugar posting a new 4.75-year nearest-futures low. The outlook for robust global sugar supplies is pressuring prices....

Barchart

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Texans have started to receive partial SNAP payments

The federal government paused SNAP payments at the beginning of the month because of the shutdown.

The Texas Tribune

Supreme Court moving fast on SNAP freeze after Trump leaves millions who need food in limbo

Fast-moving legal battle over nation’s largest anti-hunger program hinges on government shutdown

The Independent UK

Hogs Rallying on Monday

Lean hog futures are showing $1.82 to $3.15 gains on Monday. USDA’s national base hog price from Monday AM was reported at $84.29, down 19 cents from the day prior. The CME Lean Hog Index was down another 55 cents on November 6 at $90.05. USDA’s pork carcass cutout value...

Barchart

Cattle Bulls Putting Risk Back On with Limit Gains

Live cattle futures are up $7 to the $7.25 limit on Monday. Last week’s cash trade was reported at $225-230 in the north, with $230-232 Southern sales. Feeder cattle futures are up the $9.25 limit so far on Monday. The CME Feeder Cattle Index was back down $1.86 to $345.96...

Barchart

NY Sugar Prices Climb as the Brazilian Real Strengthens

March NY world sugar #11 (SBH26 ) today is up +0.05 (+0.35%), and December London ICE white sugar #5 (SWZ25 ) is down -2.00 (-0.49%). Sugar prices are mixed today, with London sugar posting a new 4.75-year nearest-futures low. The outlook for robust global sugar supplies is pressuring prices. Last...

Barchart

SNAP payment decision gets quick review from Supreme Court

Officials have until 4pm ET to ask the Supreme Court to block the payments.

Axios

Cattle Look to New Monday Trade Following Last Week’s Losses

Live cattle futures were up $2.50 to $3.05 on Friday to round out the week with $8.32 losses. Preliminary open interest was down 3,988 contracts. Last week’s cash trade was reported at $230-230.50 in the north, with $232 Southern sales last week. Feeder cattle futures rallied back higher into Friday’s...

Barchart

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Hogs Look to Monday Trade

Lean hog futures are mixed trade at Friday’s close, with nearby December up 42 cents and other contracts down 50 cents. December was still down $21.87 on the week. Preliminary open interest was down 2,973 contracts on Friday. USDA’s national base hog price from Friday PM was reported at $83.99,...

Barchart

Did the US Meat Market Influence the Latest Election Results?

The hullabaloo over US meat prices continued last week, including Tuesday's Election Day, setting the stage for Monday's open.

International Business Times UK

Trump SNAP Reversal: USDA Orders States to 'Undo' November SNAP Benefits or Face Penalties

The Trump Administration has ordered US states to claw back SNAP benefits issued in full for November amid the ongoing government shutdown, risking penalties for non-compliance.

The Guardian - US

US agriculture department tells states to ‘undo’ Snap benefits for families in need

Directive comes after supreme court order allowing Trump officials to pause food aid payments amid shutdown

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The Independent UK

Even Trump’s supporters are starting to turn on him as his approval rating tumbles with Republicans

Trump’s approval rating slipped as the government shutdown continues to make history as longest ever

The Independent UK

USDA orders states to ‘undo’ steps to offer full SNAP food benefit payments after Supreme Court pause

Nearly 42 million Americans rely on SNAP benefits each month

Reason

The First Circuit Is Not A Denny's

According to the Attorney General, the First Circuit's clerk refused to "offer any means of filing" an emergency brief after 5:00 p.m.

Axios

USDA must make full SNAP payments after judge denies bid to halt them

The administration previously argued it lacks the funds for the program.

Barchart

Hogs Close Mixed on Friday

Lean hog futures are mixed trade at Friday’s close, with nearby December up 42 cents and other contracts down 50 cents. December was still down $21.87 on the week. USDA’s national base hog price from Friday PM was reported at $83.99, down 32 cents from the day prior. The CME...

Barchart

Cattle Rally Back Higher on Friday, as President Trump Comments After the Close

Live cattle futures were up $2.50 to $3.05 on Friday to round out the week with $8.32 losses. The Friday morning Central Stockyards Fed Cattle Exchange online auction showed $228-230 sales on 160 of the 1,228 head offered. Outside of that, Northern sales have been reported at $230-230.50, with $232...

Barchart

Corn Eases Lower into the Weekend

Corn futures posted losses of 1 to 2 cents across most contracts on the Friday session, as December managed to slip 4 ¼ cents lower this week. The CmdtyView national average Cash Corn price was down 1 3/4 cents to $3.88. While the government remains closed, the USDA is expected...

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