Consumer Price Index
August data from the U.S. Bureau of Labor & Statistics show continued inflationary pressure, with energy and transportation costs playing a significant role in both consumer and producer prices.
The House also passed a stopgap spending bill to keep the government funded through Dec. 11.
USDA forecasts beef prices will rise 9.8 percent in 2026 as cattle producers push back against a proposal to increase foreign beef imports.
Sen. John Hoeven says the committee expects to have the votes needed to move the legislation forward.
President Donald Trump said the imported beef will be sold at 25 percent below current market prices.
As beef prices have climbed roughly 9-13 percent, some shoppers are shifting toward pork and chicken, which remain more affordable per gram of protein.
SNAP remains a major point of contention following the latest vote.
The latest figures come as consumers continue to navigate higher living costs, while farmers and ranchers contend with elevated production expenses and shifting commodity markets.
USDA says Americans are eating at home more often, but convenience continues driving food choices.
The setback leaves the 2018 Farm Bill operating under its third consecutive extension. That authorization expires September 30.