close [X]
December 26, 2018 | Grain Hedge Insights | Kevin McNew | Views: 676

Government Shutdown Continues

Winter storm headed for the Midwest

President Trump Claims Government Shutdown Will Continue Until Border Wall Funding Is Secured

In a video call with troops serving overseas, President Trump remarked that he would prefer to see the government stay shut down until funds for a physical barrier between the US and Mexico are included in the budget. Over 800,000 government employees will be affected by the partial shutdown as it now enters its 5th day. USDA Secretary Sonny Perdue took to Twitter to say that farmers that have enrolled in the tariff mitigation payment program will not be affected by the shutdown and will continue to receive payments.

African Swine Fever Virus Detected in Chinese Animal Feed

Chinese officials have discovered the ASF virus in protein powder used as hog feed. The powder was made with pig blood that had been contaminated with ASF. The Chinese government has banned the use of pig blood and food waste in the manufacturing of animal feed in an effort to prevent the spread of ASF, which has already had over 90 outbreaks in hog herds all across China. China is the world’s largest producer of swine. China’s General Administration of Customs has issued a 6-month alert calling for stricter testing for feed and tighter controls for products destined for export.

Winter Storm Headed for Midwest Through End of Week

A very large and powerful winter storm is forecast from SE Colorado to Wisconsin. The National Weather Service has issued winter storm warnings for several states including Nebraska, South Dakota, and Minnesota.

Nebraska will see some wintry mix begin on Thursday, but temperatures are expected to drop and the precipitation will become all snow. Roads may become iced over. The Dakotas and Minnesota are bracing for up to 8 inches of snow and wind gusts up to 40 mph on Thursday. Travel conditions will certainly be impacted as visibility will be reduced to almost zero.


 

The risk of trading futures, hedging, and speculating can be substantial. FBN BR LLC (NFA ID: 0508695)

More Articles