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The Latest Breaking News from USDA

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

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

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

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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

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

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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.

Barchart

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.

International Business Times UK

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

The Guardian - US

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

The Independent UK

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.

Reason

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

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

Axios

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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

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

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...

The Independent UK

Supreme Court temporarily blocks full SNAP food stamp payments after Trump appeal

The USDA says funding is already going to states while the government wages a legal battle to freeze it

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Barchart

Sugar Prices Tumble on Rising Global Sugar Production

March NY world sugar #11 (SBH26 ) on Friday closed down -0.09 (-0.63%), and December London ICE white sugar #5 (SWZ25 ) closed down -3.30 (-0.80%). Sugar prices moved lower on Friday, with London sugar posting a 4.75-year nearest-futures low. The outlook for robust global sugar supplies is pressuring prices....

Roll Call

Supreme Court stays lower court orders for USDA to pay November SNAP benefits - Roll Call

The Agriculture Department said it would comply with a federal court order to fully pay for November food stamp benefits, but also appealed.

Barchart

Hogs Mixed at Midday

Lean hog futures are mixed on Friday, with contracts up 75 cents in December and down 10 to 30 cents in other contracts. USDA’s national base hog price from Friday AM was reported at $84.48, down 19 cents from the day prior. The CME Lean Hog Index was down another...

Barchart

Cattle Bulls Taking Some Back on Friday

Live cattle futures are up $1.35 to $1.55 so far on Friday. 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 Southern sales this week. Feeder cattle...

Barchart

Sugar Prices Undercut by the Outlook for Robust Global Supplies

March NY world sugar #11 (SBH26 ) today is down -0.05 (-0.35%), and December London ICE white sugar #5 (SWZ25 ) is down -2.70 (-0.65%). Sugar prices are under pressure today, with London sugar posting a 4.75-year nearest-futures low. The outlook for robust global sugar supplies is undercutting prices. On...

Axios

Trump admin appeals order to pay SNAP benefits in full

The administration is under a Friday deadline to pay out the critical benefits.

Barchart

Hogs Look to Round Out the Week After Softer Trade

Lean hog futures posted 95 cent to $1.62 losses on Thursday. USDA’s national base hog price from Thursday afternoon was reported at $84.31, down $1.69 from the day prior. The CME Lean Hog Index was down another 4 cents on November 4 at $90.86. USDA’s pork carcass cutout value from...

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