Updates: Policy/News/Markets, March 31, 2025
— Trump confirms reciprocal tariffs to hit all countries. President Donald Trump announced that his upcoming reciprocal tariff initiative (Wed., April 2) will begin with all countries, dismissing speculation that a smaller group of nations might be targeted initially. “You’d start with all countries, so let’s see what happens,” Trump said aboard Air Force One on Sunday, pushing back on reports suggesting a narrower rollout. The tariffs are a core piece of Trump’s economic strategy to rebalance global trade and strengthen U.S. manufacturing. Revenue from the new duties may also be channeled toward domestic priorities, including extending tax cuts from his first term and fulfilling additional campaign tax promises. Key details — such as which goods will be taxed, how tariff levels will be determined, and what actions countries must take to qualify for exemptions — remain unclear. Trump has previously stated that non-tariff trade barriers will also factor into the calculations, but no formal framework has been released yet. Some 15 nations make up about three-quarters of the U.S. trade deficit, with nine in Asia, according to Bloomberg Economics. — White House mulls farm aid as Trump escalates global tariff fight. As President Trump moves ahead with sweeping new tariffs targeting countries around the globe, the White House is quietly preparing a financial cushion for American farmers likely to be hit hardest by the fallout. In reporting by the New York Times (link), officials within the Trump administration have begun exploring a potential aid package for the agricultural sector — a move reminiscent of the $28 billion aid package extended during the 2018 trade war with China. According to the Times, “early discussions offer a tacit acknowledgment that Mr. Trump’s expansive tariffs could unleash financial devastation throughout the U.S. agricultural industry.” Trump’s new tariff campaign — set to begin April 2 — targets not just traditional rivals like China, but allies such as Canada, Mexico, the EU, and Japan. With the agricultural sector already reeling from past trade tensions, farmers are once again in the crosshairs. USDA Secretary Brooke Rollins told reporters last week that Trump directed her “to have some programs in place that would potentially mitigate any economic catastrophes that could happen” due to tariff retaliation. The proposal under review would likely mirror the Commodity Credit Corporation-based model used in Trump’s first term, though questions remain about whether there are enough funds to go around this time. The Times notes that Trump’s tariffs are central to his broader economic plan — both as a source of federal revenue and as a political talking point. But economists warn that the strategy is costly. “In addition to consumers being impacted by tariffs, now you have taxpayers who are going to be on the hook,” said Alex Durante, a senior economist at the Tax Foundation, in an interview with the New York Times. Farmers, meanwhile, are expressing concern. “Obviously, we’re concerned with the economics of where we’re at today,” said Kenneth Hartman Jr., president of the Corn Board of the National Corn Growers Association. “That’s probably our biggest concern right now,” he added, pointing to the risk of foreign competitors taking over U.S. export markets. Josh Gackle, chair of the American Soybean Association, told the New York Times that “access to a free and fair trade market” is the industry’s top priority. But he acknowledged that until markets stabilize, “we hope the administration can find a way to address that financial impact on our farms.” Retaliation from the 2018 tariffs slashed $27 billion in agricultural exports, a hit the administration only partially offset with federal payments. Whether the White House can pull off a similar rescue in 2025 remains uncertain, especially as Congress may need to replenish the USDA’s borrowing authority. Still, Trump appears undeterred. “We may take less than what they’re charging,” he said on Monday. “Because they’ve charged us so much, I don’t think they could take it.” For now, the mood in farm country remains wary. If history is any guide, the political consequences of a prolonged trade war could be just as significant as the economic ones — especially with another election cycle looming. — Trump told NBC News during a Saturday interview that he “couldn’t care less” if foreign automakers raise their prices abroad in reaction to U.S. tariffs because U.S.-made auto sales would benefit. “The world has been ripping off the United States for the last 40 years and more,” Trump added. “And all we’re doing is being fair, and frankly, I’m being very generous.” “People [who] manufacture automobiles in the United States are going to make money the likes of which they’ve never seen before,” he told reporters. “But beyond that, we have the computer companies, the chip companies, the pharmaceutical companies. We have lumber, we have everything, steel. They’re all going to do really well as long as they do their product in the United States.” Trump told NBC there’s still room for negotiations with the U.S. if countries that “have things of great value… are willing to give us something.” The president touted a “Boomtown USA” vision aboard Air Force One on Sunday en route from Florida to the White House. Of note: A new study shows Trump’s proposed 25% tariffs on global autos and auto parts could raise new car prices by $4,711 on average. But if Canada and Mexico are exempt (as per USMCA rules), the average price hike drops to $2,765. The study was conducted by Arthur Laffer, a Reagan-era economist and Trump ally. Trump’s upcoming auto tariffs are already sparking a consumer reaction. Ahead of the expected 25% tariffs on imported cars and parts set to take effect Thursday, car buyers rushed dealerships in some areas this weekend. The surge reflects concern that vehicle prices could spike once the levies hit. — Navarro predicts $6 trillion tariff windfall. In a bold weekend claim, White House aide Peter Navarro said President Trump’s forthcoming tariffs could raise over $6 trillion in federal revenue over the next decade — a move experts say would be the largest peacetime tax hike in modern U.S. history. Appearing on Fox News, Navarro said Trump’s auto tariffs, set to announced Wednesday — dubbed “Liberation Day” by the president — would generate $100 billion annually, with an additional, unspecified tariff regime bringing in $600 billion per year. Navarro’s sweeping revenue projection hints at potentially sweeping new trade measures. However, it remains unclear whether he was revealing formal policy or merely advocating from his hawkish position within the White House. In contrast, National Economic Council Director Kevin Hassett took a more cautious stance, declining to confirm details. “The president has got a heck of a lot of analysis before him,” Hassett said. A difference of opinion. While Navarro insisted, “Tariffs are tax cuts. Tariffs are jobs. Tariffs are national security,” experts from both parties argue a blanket import tax would raise consumer prices across the board, hitting essentials like food and electronics that are hard to produce domestically. Trump has shrugged off such concerns. In a weekend NBC interview, he said he “couldn’t care less” if auto prices rise, suggesting higher prices could push Americans to buy domestic cars instead. Which stance will Trump take? As noted in our Week Ahead, (link) while Treasury Secretary Scott Bessent has floated a more moderate, country-by-country tariff approach, insiders say Trump is leaning toward something “sufficiently ambitious” to fulfill his campaign pledge. — Tariff-related price hikes. The Richmond Fed, Atlanta Fed and Duke University released a study that found that companies that don’t import from Canada, Mexico and China expect to raise prices 2.9% this year. But companies that rely heavily on these tariffed countries plan to raise prices 5.1%.” — Questions being asked after Trump’s tariffs announcements on Wednesday. In The Week Ahead (link), we listed the major questions stakeholders have relative to key issues after Trump makes his Wednesday trade policy announcements.
— Rollins set for high-profile ag tour in Iowa on Monday. USDA Secretary Brooke Rollins will be on the ground in Iowa Monday, March 31, for a full day of agriculture-focused stops. She’ll be joined by a powerful lineup of Iowa leaders including Governor Kim Reynolds, Sen. Joni Ernst, Reps. Zach Nunn and Mariannette Miller-Meeks, and Iowa Secretary of Agriculture Mike Naig. Rollins’ visit will highlight biofuels, livestock, and crop production — key sectors in Iowa’s ag economy. The tour includes several media availabilities throughout the day. Full schedule of stops: Of note: One side issue to watch: any signs that Kim Reynolds and Trump have patched up their relationship after she went against him in the Iowa caucuses. — Trump said he was “very angry” at Vladimir Putin and threatened “secondary tariffs” on buyers of his country’s oil if the Russian leader refuses a ceasefire with Ukraine. |
| COURT CHALLENGES |
— Democratic attorneys general successfully challenge Trump administration. A coalition of 23 Democratic state attorneys general is actively collaborating to oppose President Trump’s policies through legal action, the Wall Street Journal reports (link). Meeting nearly daily, they have filed 11 lawsuits against the administration, securing temporary restraining orders or preliminary injunctions in eight cases, with two requests still pending. While these injunctions are preliminary and not final rulings, they represent significant successes for the Democratic Party, which has faced challenges following recent electoral defeats. The attorneys general are navigating political risks, particularly those in swing states, as they continue to assert their positions in court and public discourse. The White House maintains that its actions are lawful and views the lawsuits as politically motivated. Spokesman Harrison Fields stated that the administration is prepared to defend its policies in court and expects to prevail.
| FINANCIAL MARKETS |
— Equities today: European stocks are beating U.S. equities by the most on record, Japanese stocks are in a correction and gold is at a fresh record high. Markets dropped sharply on Monday ahead of expected new U.S. tariffs from President Trump. U.S. stock futures were in the red during premarket trading early on Monday, with the tech-centric Nasdaq futures being the worst hit and falling 1.3% to 19,204.75 points. The benchmarked S&P 500 futures were down nearly 1% to 5,570.75 points, while Dow Futures dropped 0.6% to 41,590 points. Japan’s Nikkei 225 fell 4.05%, now down nearly 12% from December highs, officially in correction territory. In Asia, Japan -4.1%. Hong Kong -1.3%. China -0.5%. India closed. In Europe, at midday, London -1.2%. Paris -1.7%. Frankfurt -1.8%.
Equities Friday and the week:
— The probability of a U.S. recession in the next 12 months has risen to 35% from 20%, according to Goldman Sachs, which also forecasts a 5% fall in the S&P 500 over the next three months. Tariff tensions have fueled a $5 trillion stock market sell-off over the past six weeks. Goldman economists now see Trump rolling out reciprocal tariffs with an average rate of 15% rate “across all trading partners,” according to a research note yesterday. That would lift “core” inflation, which strips out volatile food and fuel prices, to around 3.5% by year end, well above the Fed’s 2% target. It could also raise the unemployment rate and weaken GDP growth.
— Gold touched a fresh record and bond prices climbed, as market participants pushed into safer assets. The 10-year Treasury yield dropped to 4.254%, after settling Thursday at 4.369%. Yields move inversely to bond prices.
Details: Spot gold jumped 1.1% to $3,117.43 per ounce, having hit a record $3,128.06 earlier. U.S. gold futures were up 1.1% to $3,149.60.
| AG MARKETS |
— Ag markets today:
- Soy leads overnight strength. Soybeans saw strength during most of the overnight session, corn pivoted near unchanged while wheat saw relative weakness, particularly HRW contracts. As of 7:30 a.m. ET, corn futures were fractionally lower, soybeans were mostly 3 to 4 cents higher, SRW wheat was fractionally to a penny lower, HRW wheat was 4 to 6 cents lower and HRS wheat was 2 to 3 cents lower. The U.S. dollar index was slightly lower while front-month crude oil futures are modestly higher.
- Cash cattle challenges record. Cash cattle prices are set to challenge the record high as trade picked up to end last week, though the official average won’t be known until later this week. Wholesale beef continues to pull back from recent highs as Choice fell $2.90 to $332.82 and Select slipped 76 cents to $318.68 Friday.
- CME lean hog index ticks back lower. After posting modest gains much of last week, the CME lean hog index is down 35 cents to $88.78 as of March 27. Pork cutout rebounded from recent losses Friday, climbing $1.72 to $96.56 Friday, led by strength in bellies and butts.
— Ag trade: Syria issued a tender to purchase about 100,000 MT of wheat.
— Potentially market-moving reports out at noon ET. USDA will release its Prospective Plantings and quarterly Grain Stocks Reports, both of which have potential to trigger strong price reactions. Most of the pre-report focus has been on planting intentions for the upcoming growing season. But quarterly stocks have a history of producing big price moves, especially for the corn market, as analysts have struggled to accurately predict those figures.
| FARM POLICY |
— Senators push USDA to expedite disaster relief for farmers. In a bipartisan call for urgency, Senators Jeanne Shaheen (D-N.H.) and Thom Tillis (R-N.C.) last week urged USDA Secretary Brooke Rollins to swiftly distribute over $21 billion in disaster relief funds. These funds, approved by Congress in December, are intended to support farmers, ranchers, and rural communities still recovering from hurricanes, droughts, and other natural disasters. While the USDA began accepting applications this month for $10 billion in economic aid — meeting a congressional deadline — no such deadline was set for disaster relief payments. With planting season fast approaching, pressure is mounting. Earlier this month, a bipartisan coalition of 29 lawmakers also called on USDA to accelerate the rollout to prevent further disruption in the agricultural sector. Lawmakers warn that any further delays could worsen the financial strain on producers already hit hard by extreme weather.
| ENERGY MARKETS & POLICY |
— Oil prices climb 1% amid U.S. threats over Russian exports, Iran tensions. Oil prices rose roughly 1% in volatile Monday trading after President Donald Trump threatened secondary tariffs on countries buying Russian oil and issued a warning to Iran over its nuclear program. Brent crude for June delivery gained 69 cents (0.95%) to $73.45 a barrel, while U.S. WTI crude increased 68 cents (0.98%) to $70.04. The front-month Brent contract, expiring later Monday, was up 76 cents at $74.39.
— Oil prices dipped Friday amid tariff fears, but log third weekly gain on sanctions pressure. Oil prices slipped Friday on worries over a potential global recession driven by upcoming U.S. tariffs, yet still notched their third straight weekly gain. Brent crude fell 0.5% to $73.63, and WTI dropped 0.8% to $69.36. The dip followed news that President Trump will impose reciprocal tariffs on a broad set of imports. JPMorgan analysts flagged rising recession risks due to trade tensions, though oil demand data remains stable. Brent gained 1.9% and WTI 1.6% for the week, with both benchmarks climbing over 6% since early March. Sanctions are expected to further slash Venezuela’s output, while OPEC+ production increases begin in April. Analysts anticipate tighter global supply in Q2 if U.S. pressure on Iran persists.
| CONGRESS |
— Senate GOP races to advance budget plan amid tax gambit uncertainty. Senate Republicans are preparing to move forward with a long-delayed budget resolution as early as Wednesday, setting the stage for a sweeping party-line reconciliation bill tied to President Trump’s legislative priorities. But key hurdles remain — especially a crucial ruling from the Senate parliamentarian on their controversial tax strategy.
Senate Majority Leader John Thune is pushing to pass a new budget resolution before the Easter recess (April 11). A vote-a-rama could begin Thursday or Friday, depending on internal negotiations and procedural clearance.
The plan hinges on the parliamentarian approving use of the “current policy baseline,” a maneuver that would allow trillions in Trump-era tax cuts to be extended without officially increasing the deficit.
The budget would allow reconciliation on a massive GOP agenda — including tax cuts, energy policy, defense, immigration, and perhaps some key new farm bill provisions — with no Democratic votes needed.
Senate and House Republicans will set different minimums for spending cuts, with the Senate aiming for as little as $3 billion in cuts, compared to the House’s $1.5 trillion.
The Senate’s resolution also proposes a $5 trillion debt ceiling hike, designed to bypass another showdown before the 2026 midterms.
The GOP “Big Six” will meet Tuesday to strategize.
If the parliamentarian rejects the GOP tax maneuver, it could delay or reshape the entire plan.
Meanwhile, the House’s adoption may lag until after the April recess, raising doubts about Speaker Johnson’s goal of delivering a reconciliation bill to Trump by Memorial Day.
— Tax relief in times of crisis: House backs disaster deadline extensions. The House Ways and Means Committee has unanimously approved a bill that would give the IRS broader authority to extend tax-filing deadlines during state-declared disasters. The full House will vote on the measure this week.
What’s in the bill (HR 517):
- Empowers the IRS to delay federal tax deadlines in response to state-declared emergencies (e.g., hurricanes, wildfires, floods).
- Extends the mandatory filing extension from 60 to 120 days for those in federally declared disaster areas, including individuals and businesses located in affected zones.
| FOOD & FOOD INDUSTRY |
— U.S. scours Europe for eggs amid soaring prices, Easter demand. The U.S. government is scrambling to secure egg imports from Europe to combat skyrocketing prices at home, just as American families gear up for Easter. But the overseas egg hunt is proving more complicated than expected, the Associated Press reports (link). USDA has approached several European nations — including Germany, Poland, Italy, and Sweden — seeking relief from a domestic shortage caused by avian flu, according to European industry groups. However, Europe is facing its own bird flu challenges and Easter demand, leaving little surplus to spare. “We have around 45 million eggs that we can collect from the chicken coops every day, and in America, there’s a shortage of around 50 million eggs a day,” said Hans-Peter Goldnick, president of the German Egg Association. “That shows how difficult it is.”
A clash of standards. Even when eggs are available, regulatory hurdles are significant. U.S. food safety laws require eggs to be washed and refrigerated — the opposite of EU regulations, which prohibit washing to preserve a natural protective coating on the shell. “These are two systems that could not be more different,” Goldnick noted. In much of Europe, it’s not uncommon for eggs to be sold unwashed, sometimes with feathers or dirt still on them. Katarzyna Gawrońska, director of Poland’s National Chamber of Poultry and Feed Producers, said the “washed vs. unwashed” debate is a central issue in discussions with U.S. officials. Polish authorities are currently reviewing whether they can meet the stricter U.S. sanitation standards.
Powdered eggs more likely than fresh. Given the regulatory and supply challenges, European officials say processed egg products — powdered, liquid, or frozen — are the most viable export option. “If the U.S. certifies Poland as a source,” said Gawrońska, “our members could supply very large volumes of egg processing products.” These products, which are pasteurized and used in food manufacturing, could help ease shortages in bakeries, hospitals, and restaurants back in the U.S.
Politics on the back burner. While President Trump’s trade policies and strained relations with Europe loom in the background — including threats over Greenland, steel tariffs, and auto duties — most European producers are setting politics aside. “If the price is right, then I’ll deliver,” one German egg producer reportedly told Goldnick. “I have two souls in my chest,” Goldnick added. “On the one hand, I would say, ‘No, we can’t support this system.’ But... it concerns the people. It doesn’t concern the government.”
There is some good news for U.S. shoppers: egg prices have already begun to fall. The national wholesale price for a dozen large eggs dropped to $3.27 as of March 21, down from a staggering $8.15 in February, according to USDA. But with Easter and Passover approaching — both heavy egg-use holidays — demand could spike again in April, making imports, even in powdered form, a potentially critical lifeline.
| CHINA |
— Port deal in Panama faces delay amid Chinese scrutiny. A high-stakes deal involving the sale of two strategic Panamanian ports to a U.S. investment group has hit a delay, following intervention from Chinese regulators. The agreement, set to be finalized by April 2 between Hutchison Ports and BlackRock, is now under review by Chinese authorities aiming to “protect fair competition and safeguard public interest.” Sources cited by the Wall Street Journal say the review was prompted in part by Chinese President Xi Jinping’s dissatisfaction with the transaction. Despite the regulatory pause, insiders do not expect the deal to be canceled — though the timeline for completion has now been pushed back.
Background and perspective. BlackRock is set to take control of 43 ports across 23 countries, including strategic holdings in Panama — prompting geopolitical shockwaves from Washington to Beijing. While the deal doesn’t amount to U.S. sovereign control over the Panama Canal, former President Donald Trump has publicly praised it as such, framing it as a blow to Chinese influence in the region. Meanwhile, Chinese President Xi Jinping reportedly sees the move as a strategic setback — and is personally furious with CK Hutchison and its 96-year-old tycoon, Li Ka Shing, for facilitating it. For weeks, state-run Chinese media hinted at dissatisfaction. Last week, Beijing dropped the hammer: They announced an antitrust probe into the deal and they instructed Chinese state-owned firms to temporarily cut ties with CK Hutchison (Bloomberg). But Beijing may be constrained in what it can do.
Why China’s leverage is limited. Hong Kong protections mean CK Hutchison only needs support from 15% of minority shareholders — most of whom back the deal. Sabotaging the deal could shatter Hong Kong’s global finance reputation and derail China’s attempts to re-engage Western businesses.
For the U.S.: The deal bolsters the perception of American economic reach, even if the control is corporate—not sovereign.
For China: It’s a reminder of capital flight and eroding influence over once-aligned tycoons.
For Hong Kong: A test of its semi-autonomy and financial credibility amid increased pressure from Beijing.
— China’s factories beat expectations as tariff storm looms. China’s manufacturing sector posted modest growth in March, with the official Purchasing Managers’ Index (PMI) hitting 50.5 — slightly above February’s 50.2 and edging past Bloomberg’s median forecast of 50.4. Numbers above 50 indicate expansion, offering a rare bright spot as tensions escalate with the U.S.
Non-manufacturing activity, covering construction and services, also improved to 50.8 from 50.4, surpassing expectations of 50.6.
The report lands just days before the Trump administration is expected to impose new reciprocal tariffs on Chinese goods. Since the start of his second term in January, President Trump has already levied 20% in tariffs on Chinese imports. The White House is also concluding a review of China’s compliance with the Phase 1 trade agreement signed during Trump’s first term. Beijing has warned of retaliatory measures if Washington proceeds, adding further strain to a fragile recovery.
— China moves to bolster economy with $72 billion bank fundraising. In a rare move signaling deep concern over economic headwinds, four of China’s largest state-owned banks announced plans on Sunday to raise a combined $72 billion through share sales to investors. The capital injection, heavily backed by the finance ministry, is part of Beijing’s broader push to revive growth amid persistent financial strains. The funds are intended to boost lending capacity — particularly to the struggling property sector — and build up capital buffers as banks face shrinking interest margins and sluggish consumer loan growth in 2024, according to Nikkei. Analysts note that fortifying these banks could also help mitigate risks tied to rising economic uncertainty and the intensifying trade conflict with the United States. This move highlights the Chinese government’s willingness to intervene directly in the financial sector to maintain economic stability and signal investor confidence.
— China unveils major push for food security with high-standard farmland plan. China announced a sweeping plan to enhance its food security by transforming 90 million hectares (around 200 million acres) into high-standard farmland by 2030. Revealed by the State Council, the initiative aims to elevate agricultural productivity and stabilize grain output as part of a broader push for self-sufficiency in staple foods.
Key features of the plan
· High-standard farmland goals: The upgraded farmland will boast better soil fertility, disaster resilience, efficient irrigation systems, and modern infrastructure, including roads and water networks. By 2030, about 70% of China’s arable land will be classified as high standard, up from over 66 million hectares at the end of 2023.
· Permanent basic farmland transformation: All designated “permanent basic farmland” — legally protected from non-agricultural use — will be upgraded by 2035 using region-specific strategies based on ecological conditions and farming practices.
· Regional focus areas:
- Northeast China (black soil regions): Prioritize soil preservation and irrigation.
- North China Plain: Improve irrigation reliability.
- Yangtze River Basin: Modernize systems to handle droughts and floods.
- Ecologically fragile zones: Development will be limited to prevent degradation.
· Tech integration: Advances in information technology will support land management, disaster prevention, and soil health monitoring.
The plan reinforces China’s commitment to agricultural resilience and food independence in a volatile global market. It dovetails with policy goals outlined in the Central Committee’s “First Document,” which emphasizes food self-reliance and protection of farmland from urban encroachment.
Despite the plan’s scale, China faces hurdles including fragmented land ownership, uneven soil quality, and environmental trade-offs. Successful implementation will require coordination across government levels and localized approaches tailored to regional needs. Ultimately, the initiative reflects China’s balancing act between modernization and sustainability in securing its food future.
| WEATHER |
— NWS outlook: Severe weather and heavy rainfall from the Mid-Atlantic to the central Gulf Coast Monday... ...Pacific system brings unsettled weather to the West with lower elevation/coastal rains and heavy higher elevation snow... ...Severe weather threat Tuesday across portions of the Plains and Midwest; significant multi-day flash flood threat begins from the Ohio/Tennessee Valleys southwest through the ArkLaTex Wednesday... ...Another Late season winter storm for the Northern Plains into the Upper Midwest/Great Lakes Tuesday into Wednesday with heavy snowfall expected.
| KEY DATES IN MARCH & APRIL |
March 31: USDA Prospective Plantings, Grain Stocks and Rice Stocks reports | Ag Prices
April:
1: JOLTS | USDA “industrial” reports on grain, oilseed crushings | Hatchery Production, Annual
1: Required minimum distribution due if you turned 73 in 2024
2: ADP Employment | U.S. reciprocal tariffs announced
3: International Trade in Goods and Services | U.S. will start collecting duties on imported vehicles
4: Employment
4: NCAA Women’s basketball Final Four starts
5: NCAA Men’s basketball Final Four starts 7: Crop Progress | Agricultural Trade Data Update
7: The Masters (golf)
9: Crop Production Historical Track Records
10: CPI | Crop Production | WASDE
11: PPI-FD | Consumer Sentiment
13: Passover begins
14: Crop Progress
15: 2024 income taxes due; last day for 2024 IRS, HSA contributions; first quarter 2025 taxes due
16: Retail Sales
17: Housing Starts and Permits; Cattle on Feed; National Hemp Report
18: Good Friday
20: Easter
21: Crop Progress | Chickens and Eggs
21: Boston Marathon
22: Existing Home Sales | Milk Production
23: New Home Sales
24: Durable Goods Orders | Cold Storage
25: Food Price Outlook | Consumer Sentiment
28: Crop Progress
29: International Trade in Goods | JOLTS | Consumer Confidence | Meat Animals - Prod., Disp., and Income | Milk - Prod., Disp., and Income | Poultry - Production and Value 30: ADP Employment | Employment Cost Index | GDP | Personal Income and Outlays incl. PCE Price Index | Ag Prices
| LINKS |
Economic aid for farmers | Disaster aid for farmers | Farm Bureau summary of aid/disaster/farm bill extension | 45Z tax incentive program | Poultry and swine line speeds | U.S./China Phase 1 agreement | WASDE | Crop Production | USDA weekly reports | Crop Progress | Food prices | Farm income | Export Sales weekly | ERP dashboard | RFS | IRA: Biofuels | IRA: Ag | SCOTUS on WOTUS | SCOTUS on Prop 12 pork | Gov’t payments to farmers by program | Farmer working capital | USDA Ag Outlook Forum | Eggs/HPAI | NEC task force on HPAI, egg prices | Options for HPAI/Egg prices | Trump tariffs | Greer responses to lawmakers | Trump reciprocal tariffs |