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DTN Closing Livestock Comment 06/05 16:10

5 Jun 2020
DTN Closing Livestock Comment 06/05 16:10 Cattle Contracts Slip Lower Through Closing As the market wraps up another week, weekly averages shift lower as the futures complex was pressured. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Livestock contracts closed the week mostly lower, and with anticipation that on the cattle side of things, prices are going to get cheaper before they go higher. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.83 with a weighted average of $32.14 on 5,626 head sold. July corn is up 2 1/4 cents per bushel and July soybean meal is down $0.70. The Dow Jones Industrial Average is up 829.16 points and NASDAQ is up 198.27 points.
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USDA Approves New Hampshire to Accept SNAP Benefits Online

3 Jun 2020
(Washington, D.C., June 3, 2020) – U.S. Secretary of Agriculture Sonny Perdue today announced approval of a request from New Hampshire to provide online purchasing of food to Supplemental Nutrition Assistance Program (SNAP) households. This approval will allow New Hampshire to expedite the implementation of online purchasing with currently authoriz...

Farmer Prevails in Wetlands Case

3 Jun 2020
OMAHA (DTN) -- Springfield, Illinois, farmer Kurt Wilke won in court four times against USDA's Natural Resources Service. But it wasn't enough.For nearly a decade, NRCS insisted 22 acres of Wilke's 80-acre farm was wetlands, and NRCS continued to make that claim even after courts disagreed -- four times."It's been frustrating because you enter into...

FDA Pulls Back on Sanitizer Restriction

3 Jun 2020
OMAHA (DTN) -- The Food and Drug Administration has temporarily relieved some restrictions on hand sanitizer produced by ethanol plants in an effort to allow companies to continue to maintain supplies amid COVID-19, the agency announced in a news release on Monday.The ethanol industry has seen its market crash as a result of the COVID-19 economic s...

USDA Weekly Crop Progress Report

3 Jun 2020
This article was originally posted at 3:08 p.m. CDT on Monday, June 1. It was last updated at 4:16 p.m. CDT on Monday, June 1.**OMAHA (DTN) -- U.S. corn planting steadily moved toward the finish line while soybean planting reached the three-quarters finished mark last week, USDA NASS said in its weekly Crop Progress report on Monday.NASS estimated ...
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