Your Pro Farmer newsletter (June 28, 2025) is now available

Republicans are scrambling to get a massive tax and spending measure passed by the July 4 recess. It will eventually get passed, but not likely by the President Trump’s self-imposed deadline. Our News page 4 feature looks at the tax provisions for agriculture and farmers in House and Senate reconciliation measures. Meanwhile, the Trump administration is delaying announcements of any trade deals until the reconciliation measure is passed, though officials say there are 10 deals ready to be announced soon. U.S. crop weather is generally favorable and Brazil’s safrinha corn crop is getting bigger – potentially much bigger. That has funds comfortable pumping money into short positions. USDA’s Hogs & Pigs Report showed an unexpected modest uptick in herd size, while the Cattle on Feed Report showed feedlot supplies remaining at an eight-year low. Geopolitical concerns eased, as Israel and Iran agreed to a Trump-brokered ceasefire. We cover all of these items and much more in this week’s newsletter, which you can download here.