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The Latest Breaking News from USDA

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

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

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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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...

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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

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...

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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....

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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.

International Business Times

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.

Benzinga

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.

Roll Call

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.

Benzinga

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.

Axios

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

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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

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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

Barchart

Cattle Resuming Slide Lower on Friday

Live cattle futures are up $1.32 in the October contract ahead of expiration, with other contracts down $2.80 to $3.30. Cash trade has been $230 in the north early this week, with Southern sales near $235. The Friday morning Fed Cattle Exchange online auction showed $236 sales on 134 of...

Barchart

Hogs Trading Mixed at Midday

Lean hog futures ware showing mixed trade on Friday, with contracts 42 cents higher to 30 cents lower in the nearbys. USDA’s national base hog price from Friday morning was reported at $85.41, up 67 cents from the Thursday PM report. The CME Lean Hog Index was down another 33...

Barchart

Technical Short Covering Lifts Sugar Prices

March NY world sugar #11 (SBH26 ) today is up +0.16 (+1.12%), and December London ICE white sugar #5 (SWZ25 ) is up +4.20 (+1.01%). Sugar prices are moving higher today after a three-week slide pushed prices into oversold territory, sparking technical short covering in sugar futures. Sugar prices have...

Roll Call

Federal judge directs USDA to pay November food stamp benefits - Roll Call

A federal judge granted a temporary restraining order Friday that would compel the government to distribute food stamp benefits for November.

Axios

Which states are declaring emergencies over SNAP funding

Several states have said that they can't use their own emergency funds without a guarantee of reimbursement.

Barchart

Hogs Look to Friday Trade

Lean hog futures were up a nickel in nearby December and steady to 50 cents lower in other contracts at the close. USDA’s national base hog price from Thursday afternoon was down 79 cents at $84.74. The CME Lean Hog Index was down another 17 cents on October 28 at...

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