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The Latest Breaking News from USDA

Cattle Collapse Extends to Monday with Spec Longs Heading for the Exits

Both live cattle ($10.75) and feeder cattle ($13.75) used their expanded limits on Monday, as spec longs want out and the door is only so big. They will be expended again on Tuesday. Live cattle futures bounced off the limit into the close, but still settled with $4.97 to $9.82...

Barchart

Hogs Start the Week on a Lower Note

Lean hog futures posted 40 to 95 cent losses across most contracts on Monday. USDA’s national base hog price from Monday afternoon was reported at $85.29, down 27 cents from the day prior. The CME Lean Hog Index was down another 68 cents on October 22 at $92.95. USDA’s pork...

Barchart

‘The well has run dry’: The Trump administration thinks school lunches and baby formula are less important than winning a shutdown spat

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Food banks brace for 42 million without SNAP

The gap will be impossible to fill, those working to feed the nation's neediest said.

Axios

Sugar Prices Plunge to Lowest Levels in More Than 4 Years

March NY world sugar #11 (SBH26 ) is down -0.51 (-3.41%), and December London ICE white sugar #5 (SWZ25 ) is down -9.10 (-2.11%). Sugar prices today extended last Friday's sell-off, with NY sugar falling to a new 4.5-year low and London sugar falling to a new 4.25-year low. Sugar...

Barchart

Hogs Slipping Back on Monday

Lean hog futures are slipping back 35 to 90 cents across most contracts on Monday. USDA’s national base hog price from Monday morning was not reported due to light volume. The CME Lean Hog Index was down another 68 cents on October 22 at $92.95. USDA’s pork carcass cutout value...

Barchart

US Says Food Assistance Will End Next Week as Shutdown Drags On

Millions risk losing SNAP benefits as the US government shutdown continues, with aid set to end next week.

International Business Times UK

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‘The well has run dry’: Trump’s USDA could cut off food stamps for 42 million Americans as admin blames Democrats

Food banks brace for impact as states demand USDA tap into billions of dollars in emergency funding

The Independent UK

Hogs Traders Looking to Monday Trade

Lean hog futures posted mixed trade on Friday, with contracts within 12 cents of unchanged across the board. December was down just 47 cents last week. USDA’s national base hog price from Friday afternoon was down 82 cents at $85.56. The CME Lean Hog Index was down another 55 cents...

Barchart

Cattle Looks to Monday Trade Following Rough Week for the Bull

Live cattle futures fell the $7.25 limit on Friday, with October the lone contract not locked the limit, but still $5.97 lower. October was $233.75 lower last week. Cash trade settled in at $238-240 last week, with the later action on the lower side of that. The Friday morning Fed...

Barchart

First Thing: US and China agree ‘framework’ for trade deal ahead of Xi-Trump meeting

US treasury secretary anticipates tariff truce with China will be extended, and that Beijing will revive substantial purchases of US soybeans. Plus, is Wikipedia’s Jimmy Wales the last decent tech baron?

The Guardian - UK

Bird flu's comeback raises fears about readiness

The virus is continuing to evolve and spill over to other species.

Axios

USDA Says 'The Well Has Run Dry' For SNAP Benefits In November: 'We Are Approaching An Inflection Point...'

U.S. families relying on federal food aid could miss November benefits as the government shutdown drags on, the Agriculture Department warned in a notice posted this week.

Benzinga

'The Well Has Run Dry': USDA Warns No SNAP Benefits Will Be Issued on 1 November as Government Funding Crisis Deepens

The USDA has announced that SNAP payments will cease on 1 November, raising alarm across the US as millions face uncertain food security amid ongoing political deadlock.

International Business Times UK

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Euronews

US government to stop paying for food aid from November as second-longest shutdown continues

The new notice comes after the Trump administration said it would not tap roughly $5 billion in contingency funds to keep benefits through the Supplemental Nutrition Assistance Program, (SNAP), used by one in every eight Americans.

International Business Times UK

Trump Administration Slammed for Cutting Food Aid: 42 Million Americans Face Hunger Crisis

Nearly 42 million Americans could lose SNAP benefits on November 1, raising fears of a hunger crisis said to rival that of the Great Depression.

Barchart

Hogs Close Mixed on Friday

Lean hog futures posted mixed trade on Friday, with contracts within 12 cents of unchanged across the board. December was was down just 47 cents this week. USDA’s national base hog price from Friday afternoon was down 82 cents at $85.56. The CME Lean Hog Index was down another 55...

Barchart

Cattle Closes with Limit Losses Nearly Across the Board

Live cattle futures fell the $7.25 limit on Friday, with October the lone contract not locked the limit, but still $5.97 lower. October was $233.75 lower this week. Cash trade settled in at $238-240 this week, with the later action on the lower side of that. The Friday morning Fed...

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Roll Call

USDA says it can't use contingency fund for food stamps - Roll Call

The Agriculture Department says it can’t use a reserve fund to pay food stamp benefits during the partial government shutdown.

Barchart

Barchart Experts Weigh In: Everything You Need to Know as Cattle Collapses

As Trump proposes Argentine beef imports and the USDA promises to step in to support cattle ranchers, here’s what to expect next from cattle futures prices and beef prices.

The Guardian - US

Americans brace for food stamps to run out: ‘The greatest hunger catastrophe since the Great Depression’

Nearly 42 million people in danger as federal government shutdown continues and Snap funding to end 1 November

Axios

Exclusive: USDA says it won't use emergency funds for food stamps

States also won't be reimbursed if they cover SNAP expenses on their own, the memo says.

Barchart

Cattle Facing Limit Losses As Traders Take Risk Off Amid Headlines

Live cattle futures are down the $7.25 limit at midday, with nearby October slipping $5.77. Cash trade has seen action across the country at $238-240 so far this week. The Friday morning Fed Cattle Exchange online auction showed sales on 433 of the 1,646 head offered with at $238-239. Feeder...

Barchart

Hogs Trading Mixed at Midday

Lean hog futures are trading with mixed trade, up 30 cents to 20 cents lower in the nearbys. USDA’s national base hog price from Friday morning was not reported due to light volume. The CME Lean Hog Index was down another 55 cents on October 22 at $93.63. USDA’s pork...

Barchart

Sugar Prices Fall to Lowest Levels in More Than 4 Years

March NY world sugar #11 (SBH26 ) today is down -0.32 (-2.09%), and December London ICE white sugar #5 (SWZ25 ) is down -6.70 (-1.53%). Sugar prices today reverted to weakness, with NY sugar falling to a new 4.5-year low and London sugar falling to a new 4.25-year low. Sugar...

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