Tag Archives: holiday

Agriculture groups are calling on the Senate to “finish the job” and pass the U.S.-Mexico-Canada Agreement following approval in the House of Representatives Thursday.

The U.S. House overwhelmingly passed implementing legislation for USMCA, sending the trade agreement to the Senate. The vote came following a delay of more than a year to make changes and reach an agreement between House Democrats and the Trump administration. Representative Richard Neal, who led the House efforts to modify the agreement, says the transformed trade deal approved Thursday “closes important loopholes and enables the United States to ensure our trading partners live up to their commitments.”

Senate leader Mitch McConnell last week stated the Senate would not consider approving the agreement until after the Senate completes an impeachment trial in January. Members of the National Corn Growers Association were in Washington this week, urging the Senate to quickly consider and pass the trade agreement in the new year.

Cattle saw a massive amount of fund buying on Friday.  Interesting that beef had the biggest reaction to the news about China.  Already some longs going into Friday.  Fundamentals of the cattle-weights are higher than a year ago.  Producer is asking for higher money.  Could we see some higher money in this last full trading week of 2019?  Is there some bullish feelings in cattle & are hogs too cheap?  Corn to see a rally?   Beans take a jump in the markets.  Wheat is the easiest most exportable item.  Some general comments about China.