U.S. Launches Military Strikes Against Venezuela Following Months of Threats Against Maduro
The United States launched military strikes against Venezuela in the early hours of Saturday morning, in a significant escalation of the Trump Administration’s effort to oust the country’s president, Nicolas Maduro. Several explosions were reported by witnesses in the capital, Caracas, beginning around 2 am local time. Videos posted to social media showed large explosions and what appeared to be U.S. military aircraft flying low over the city. The Venezuelan government said attacks also occurred in the states of Miranda, Aragua, and La Guaira. Photographs showed parts of Fuerte Tiuna, Venezuela’s largest military complex, engulfed in flames. Read more: Trump Advisors and Venezuela Opposition Leaders Plan for Maduro’s Departure President Donald Trump reportedly ordered the strikes inside Venezuela days ago, according to CBS News, after months of threats to expand a U.S. bombing campaign against alleged drug boats to targets inside the country. Trump has repeatedly called Maduro an illegitimate president and accused him of being responsible for smuggling drugs into the United States. He said in an interview last month that Maduro’s “days are numbered.” President Maduro declared a state of emergency in response to the attacks, according to a statement from the Venezuelan communications ministry. The statement said the government “rejects, repudiates, and denounces” U.S. military aggression. At least 115 people have been killed since September in the U.S. strikes against alleged boats that the Trump Administration claims are smuggling drugs. Analysts and legal experts have questioned the legality of the boat strikes, which have been carried out without congressional approval. The Trump Administration has been building up military forces in the region for months while ratcheting up threats against Venezuela’s government. The Pentagon deployed 10 F-35s to Puerto Rico. The U.S.S. Gerald Ford, thought to be the largest and most advanced aircraft carrier in the world, recently joined eight warships and some 10,000 troops already in the region. Trump also authorized the Central Intelligence Agency (CIA) to conduct covert operations in Venezuela. Maduro responded directly to the revelation, calling the move a “desperate” attempt at regime change. A Pentagon spokesperson referred TIME’s questions to the White House. The White House did not respond to a request for comment.Hegseth praises Asian allies for 'burden-sharing,' calls out China's role in the region
Hegseth said that China cannot impose its hegemony on U.S. partners and allies in the region.
Cattle Falls Lower on Friday
Live cattle futures were $1.50 to $2.40 lower on Friday, with June down $1.05 this week. Cash trade picked up on Friday to $255-258 across the country. Feeder cattle futures were down $4.60 to $5.02 in most contracts on Friday with August slipping $1.42 this week. The CME Feeder Cattle...
Soybeans Slip Lower into Month End
Soybeans saw fractional losses in some deferreds, with nearbys down 7 ¾ cents on Friday. July was down 9 ¾ cents this week. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $11.25 3/4. Soymeal futures were down $2.20 to $4.30, with July down $2.10 on...
Hogs Face Pressure to Close Out May
Lean hog futures were down 80 cents to $2.62 at the close, as June was up just a dime on the week. USDA’s national base hog price was reported at $93.23 on Friday afternoon, down 41 cents from the day prior. The CME Lean Hog Index was back up 34...
Corn Faces Month End and Outside Pressure on Friday
Corn futures posted 2 to 9 cent losses across the board on Friday with money coming out at month-end. July fell 16 ½ cents this week. Crude Oil was a pressure factor, down $1.14/bbl, money was flowing out ahead of the weekend, with the President looking over the proposed agreement...