Tyson Closing Major Beef Processing Plant in Nebraska

Tyson Foods, America’s largest meat supplier, is planning to close one of its largest beef-processing plants in Nebraska at a time when a cattle shortage in the U.S. squeezes meatpacking companies. The Lexington, Neb., plant employs roughly 3,000 people and can slaughter almost 5,000 cattle a day, according to industry estimates.

USDA Set for First Crop Data Release Since September

On Friday, the U.S. Department of Agriculture is set to release a hotly anticipated crop report, including the government’s first estimates of the two feed crops since mid-September, before the harvest had taken shape. The agency is also due to release a compiled a list of large daily sales reported by exporters during the shutdown.

China Buys More Brazil Soybeans as US Purchases Stall

China’s purchases of American soybeans appear to have stalled, less than two weeks after the US touted a wide-ranging trade truce that signaled thawing relations between the world’s two biggest economies. At the same time, China’s state trader COFCO’s oilseed unit said on Monday it has signed agreements to purchase Brazilian soybeans, soybean oil, palm oil and other agricultural products, with a total volume of nearly 20 million tons worth over $10 billion.

Trump Admin Still Planning Billions in Farmer Trade Aid

The Trump administration plans to roll out an initial payment of up to $12 billion for farmers hurt by the president’s tariff policies once the government shutdown ends, according to three people familiar with the matter. The finalized amount will come on top of President Donald Trump’s recently announced truce with China.

SNAP Benefits Remain Set to Lapse on Nov. 1

Nearly 42 million people are set to lose food aid due to the second-longest U.S. government shutdown, as Democrats and Republicans in Congress continue to blame each other for a weeks-long legislative stalemate. Neither party was showing signs of changing its position days before funding for SNAP is set to lapse beginning on Saturday.

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