Food Prices & Inflation
Sen. Cindy Hyde-Smith of Mississippi discusses the Farm Bill and the issues she expects lawmakers to address as the legislation moves forward.
For farmers and other rural borrowers, the rate increase could mean higher borrowing costs, particularly for variable-rate operating loans.
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 U.S. Meat Export Federation says technical barriers and uncertainty continue to weigh on exports to China while U.S. beef continues to find growth opportunities in other international markets.
The Antitrust Division says it sent letters to Kroger, Publix, Walmart, Albertsons, Aldi, Ahold Delhaize, Costco, and Amazon.
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.