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The Latest Breaking News from USDA

SNAP-Only Discounts Not Allowed During Shutdown: USDA

The U.S. Department of Agriculture has told grocery stores they may not offer special discounts to Supplemental Nutrition Assistance Program recipients during the government shutdown, according to an agency notice emailed to retailers on Sunday.

Benzinga

Hogs Falls Back on Monday

Lean hog futures slipped lower on Monday with contracts down 12 to 70 cents at the close. USDA’s national base hog price from Monday afternoon was reported at $84.66, up 49 cents from the day prior. The CME Lean Hog Index was down another 34 cents on October 30 at...

Barchart

Corn Posts Gains on Monday

Corn futures posted 2 to 4 cent gains across most contracts on Monday, shrugging off early weakness to start the week. The CmdtyView national average Cash Corn price was up 3 1/4 cents to $3.95 3/4. USDA tallied corn export shipments at 1.669 MT (65.7 mbu) during the week ending...

Barchart

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Cattle Rally on Monday

Live cattle futures are $2.50 to $2.80 higher at the Monday close to post strength to start to the week. Cash trade ranged from $230 to $232 in the north last week, with Southern sales near $235-237. Feeder cattle futures were higher at the close, with $3.70 to $5.40 gains....

Barchart

Why November SNAP benefits may not be available for several weeks or months

The USDA says that state systems which distribute benefits are different, which could cause delays.

Axios

Grain Bulls Are Back in Business as China Resumes Soybean, Wheat Purchases. What Comes Next?

Traders will be closely watching weather in Brazil and Argentina as the growing season in South America kicks off.

Barchart

Cattle Rebounding on Monday

Live cattle futures are trading with $2 to $2.75 gains across most contracts at midday. Cash trade shifted from $230 early in the week to $232 in the north on Friday, with Southern sales near $235-237. Feeder cattle futures are posting $4 to $5.85 gains at midday. The CME Feeder...

Barchart

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Corn Trading Higher at Midday

Corn futures are showing 3 to 4 cent gains across most contracts at Monday’s midday. The CmdtyView national average Cash Corn price is up 3 1/2 cents to $3.95. USDA tallied corn export shipments at 1.669 MT (65.7 mbu) during the week ending on October 30. That was 34.31% above...

Barchart

Hogs Easing Lower on Monday

Lean hog futures are trading with Monday losses of 12 to 50 cents at midday. USDA’s national base hog price from Monday morning was reported at $83.41, down $2 from the day prior. The CME Lean Hog Index was down another 34 cents on October 30 at $91.19. USDA’s pork...

Barchart

Sugar Prices Continue Higher on Short Covering

March NY world sugar #11 (SBH26 ) is up +0.25 (+1.73%), and December London ICE white sugar #5 (SWZ25 ) is up +8.10 (+1.95%). Sugar prices today posted a new 1-week high as short-covering continued from last week's lows. Last Thursday, NY sugar posted a 5-year nearest-futures low and London...

Barchart

Trump administration says SNAP will be partially funded in November

President Donald Trump’s administration says it will partially fund the SNAP food aid program in November after two federal judges required the payments to continue

The Independent UK

USDA tells court it will disburse all SNAP contingency funds - Roll Call

The Trump administration told a federal judge Monday it will deplete a contingency fund to pay a portion of food stamp benefits in November.

Roll Call

Hogs Look to New Week

Lean hog futures closed the Friday session with 10 to 45 cent gains, as December was down 62 cents last week. Preliminary open interest was down 1,190 contracts on Friday. USDA’s national base hog price from Friday afternoon was reported at $84.17, down 57 cents from the Thursday PM report....

Barchart

Cattle Look to New Month Following Recent Selling

Live cattle futures closed last Friday with $1.32 gains in the expiring October contract, with other contracts down $1.42 to $2, as December was down $4.25 last week. Preliminary open interest was up 2,914 contracts. Cash trade shifted from $230 early in the week to $232 in the north on...

Barchart

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International Business Times

42 Million Americans Just Lost Food Benefits — Here's What's Happening

SNAP benefits for 42 million Americans were suspended Nov. 1 due to the government shutdown. Federal judges ordered the Trump administration to use emergency funds, but millions still face delays. Here's what recipients need to know about food assistance during the crisis.

Benzinga

Court Blocks Trump's SNAP Reductions, But Stricter Eligibility Rules Begin

The new Supplemental Nutrition Assistance Program (SNAP) rules that went into effect on Saturday will not issue benefits through November due to the government shutdown, according to the United States Department of Agriculture website. The USDA states that Senate Democrats have voted 13 times against funding the program.

Roll Call

Federal judge thanks Trump, orders him to make SNAP payments - Roll Call

A federal judge ordered the administration to make a full payment of monthly food stamp benefits by Monday or a partial payment by Wednesday.

Benzinga

Trump Slammed By Federal Judges In Key SNAP Ruling

Two federal judges on Friday ordered President Donald Trump's administration to resume funding the Supplemental Nutrition Assistance Program (SNAP), directing the use of emergency reserves to keep the nation's largest food aid program running during the ongoing government shutdown.

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Axios

Trump asking court how to "legally fund SNAP" after judge's order

Food banks already experienced a surge in people as millions of families prepared for benefits to freeze.

Barchart

Cattle Pull off Lows into Friday’s Close

Live cattle futures closed with $1.32 gains in the expiring October contract, with other contracts down $1.42 to $2, as December was down $4.25 this week. Cash trade shifted from $230 early in the week to $232 in the north on Friday, with Southern sales near $235. Feeder cattle futures...

Barchart

Hogs Push Higher to Close October

Lean hog futures closed the Friday session with 10 to 45 cent gains, as December was dpwn 62 cents this week. USDA’s national base hog price from Friday afternoon was reported at $84.17, down 57 cents from the Thursday PM report. The CME Lean Hog Index was down another 33...

The Texas Tribune

Uncertainty grows on when Texans will get SNAP benefits as U.S. Supreme Court emergency order blocks full aid

The order will expire two days after an appeals court issues a more permanent ruling on the funding while the Trump administration will continue with partial SNAP payments.

Barchart

Oversold Conditions Spark Short Covering in Sugar Futures

March NY world sugar #11 (SBH26 ) on Friday closed up +0.15 (+1.05%), and December London ICE white sugar #5 (SWZ25 ) closed up +1.70 (+0.41%). Sugar prices settled higher on Friday after a three-week slide pushed prices into oversold territory, sparking technical short covering in sugar futures. Sugar prices...

The Guardian - US

Trump administration blocked from suspending Snap benefits for millions of Americans

One judge issued temporary restraining order while another judge ruled the government must continue to fund program that helps low-income households

The Independent UK

Trump team will partially fund SNAP benefits after judge’s order, USDA tells court

Nearly $5 billion in emergency funds will only cover 50 percent of benefits for November, officials say

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