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The Latest Breaking News from USDA

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

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'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

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.

Euronews

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.

International Business Times UK

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

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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...

Barchart

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.

Roll Call

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.

Barchart

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

The Guardian - US

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.

Axios

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

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

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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...

Barchart

Cattle Traders Look to Round Out the Week

Live cattle futures saw some light rebound action on Thursday, with contracts up 30 cents to $1.35 at the close. Preliminary open interest was up 1,086 contracts. Cash trade saw some light action across the country at $239-240 so far this week. The Thursday morning Fed Cattle Exchange online auction...

Barchart

Hogs Shift Focus to Friday After Weaker Thursday

Lean hog futures posted 62 to 90 cent losses on the Thursday close. Preliminary open interest was up 966 contracts. USDA’s national base hog price from Thursday afternoon was reported at $86.38, down $1.78 from the day prior. The CME Lean Hog Index was down another 80 cents on October...

Barchart

Cattle Close Mixed, with Feeders Continuing Decline

Live cattle futures saw some light rebound action on Thursday, with contracts up 30 cents to $1.35 at the close. Cash trade saw some light action across the country at $239-240 so far this week. The Thursday morning Fed Cattle Exchange online auction showed no sales on the 1,646 head...

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Barchart

Hogs Head Lower on Thursday

Lean hog futures posted 62 to 90 cent losses on the Thursday close. USDA’s national base hog price from Thursday afternoon was reported at $86.38, down $1.78 from the day prior. The CME Lean Hog Index was down another 80 cents on October 21 at $94.18. USDA’s pork carcass cutout...

The Independent UK

States worry about how to fill the gap in food aid ahead of a federal benefits halt

A federal food aid program that helps about one in eight Americans buy groceries stands to be paused Nov. 1 because of the government shutdown

Barchart

Sugar Prices Settle Higher as Crude Oil Surges

March NY world sugar #11 (SBH26 ) on Thursday closed up +0.19 (+1.26%), and December London ICE white sugar #5 (SWZ25 ) closed up +3.30 (+0.76%). Sugar prices settled higher on Thursday after a sharp rally in crude oil prices sparked short-covering in sugar futures. Crude oil (CLZ25 ) surged...

Barchart

Corn Trading Higher at Midday

Corn futures are trading with 1 to 3 cent gains across most contracts on Thursday. Support is spilling over from a crude oil rally. The CmdtyView national average Cash Corn price is up 2 cents at $3.84 1/4. USDA again delayed the weekly Export Sales report due to the ongoing...

Barchart

Hogs Easing Lower on Thursday

Lean hog futures are trading with contracts 45 to 70 cents lower at midday. USDA’s national base hog price from Thursday morning was reported at $86.35, down 68 cents from the day prior. The CME Lean Hog Index was down another 80 cents on October 21 at $94.18. USDA’s pork...

Barchart

Cattle Seeing Mixed Action, as Feeders Failing to Bounce

Live cattle futures are rebounding on Thursday, with contracts up 7 cents to $1.85 at midday. Cash trade saw some light action in across the country at $239-240 on Wednesday. The Thursday morning Fed Cattle Exchange online auction showed no sales on the 1,646 head offered with bids at $238....

Barchart

Surge in Crude Prices Sparks Short Covering in Sugar

March NY world sugar #11 (SBH26 ) today is up +0.26 (+1.72%), and December London ICE white sugar #5 (SWZ25 ) is up +5.10 (+1.17%). Sugar prices are climbing today after a sharp rally in crude oil prices sparked short-covering in sugar futures. Crude oil (CLZ25 ) surged more than...

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