The Latest Breaking News from USDA

Soybeans Rallying with Product Strength

Soybeans are trading with Friday gains of 17 to 20 cents at midday. The cmdtyView national average Cash Bean price is up 19 cents at $12.51. Soymeal futures are $8 to $8.20 higher on the day, with Soy Oil back up 230 to 275 points. USDA reported a private export...

Barchart · Aug 28

Trump Forest Service official faces inquiry over diverting firefighting resources near own property

The Trump administration is facing calls for an investigation into allegations that a senior US Forest Service official sought additional firefighting resources for a blaze near his private ranch in Idaho, according to a report by The Guardian.

The Times of India · Aug 28

Sugar Prices Erase Early Gains as Real Strength Spurs Long Liquidation

October NY world sugar #11 (SBV26 ) is down -0.64 (-3.52%) today, and October London ICE white sugar #5 (SWV26 ) is down -13.20 (-2.52%). Sugar prices gave up an early advance today and sold off sharply, as weakness in the Brazilian real prompted long liquidation in sugar futures. The...

Barchart · Aug 28

Trump official faces inquiry over claims he diverted wildfire resources to his own property

Exclusive: Michael Boren, a senior official overseeing the US Forest Service, is accused by Democratic senators of ‘inappropriate interference’

The Guardian - US · Aug 28

Nearly 25,000 Pounds of Buffalo Chicken Reached New England Freezers Carrying an Inspection Mark That Was Not Real

USDA says a Boston firm shipped 24,900 pounds of frozen buffalo chicken under a false inspection number to five New England states.

Medical Daily · Aug 28

Hogs Close Thursday with Strength

Lean hog futures posted modest gains of 10 to 52 cents on Thursday, as October was the lone holdout, down 27 cents. USDA’s national base hog price was down 99 cents in the Thursday PM report at $89.76. The CME Lean Hog Index was down another 23 cents on August...

Barchart · Aug 27

Cattle Bounce into Thursday’s Final Bell

Live cattle futures posted gains of $1.82 to $3.52 cents across the board on Thursday. Cash trade picked up to $220 Wednesday, firming $2 from Tuesday, with a few dressed sales of $345 in the north. The Thursday morning Fed Cattle Exchange online auction showed dressed sales of $340-341 on...

Barchart · Aug 27

SNAP Enrollment Is Falling Faster Than Expected — Here’s What’s Happening in Each State

Something unusual is happening to America’s largest food-assistance program: millions of people are disappearing from the rolls much faster than federal forecasters expected. Newly released...

Saving Advice · Aug 27

Supply Risks Boost Sugar Prices

October NY world sugar #11 (SBV26 ) closed up +0.60 (+2.41%) today, and October London ICE white sugar #5 (SWV26 ) closed up +10.30 (+2.00%). Sugar prices settled sharply higher on Thursday amid the outlook for smaller global sugar output. The European Union’s Sugar Market Observatory said Thursday that EU...

Barchart · Aug 27

Coffee Prices Retreat as Supply Situation Improves

December arabica coffee (KCZ26 ) closed down -12.50 (-3.88%) on Thursday, and November ICE robusta coffee (RMX26 ) closed down -59 (-1.63%). Coffee prices sold off sharply for a second day on Thursday, with arabica falling to a 2.5-week low and robusta dropping to a 2-month low. The outlook for...

Barchart · Aug 27