The White House tariff plan appears to be back on track for now. A federal court put a hold on the ruling that said President Trump overstepped his authority with blanket tariffs.
With this stay in place, the 10% tariffs can be used while the courts discuss the case.
President and CEO of the National Council of Farmer Cooperatives, Chuck Conner spoke with RFD-TV’s Tammi Arender on the impact of the back-and-forth, the reconciliation bill, and the Make America Healthy Again report.
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Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
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House Agriculture Committee Chairman “GT” Thompson is pushing a “Farm Bill 2.0.”
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The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.