More than 20 lawmakers have written Ag Secretary Brooke Rollins, warning the plan could go sideways for farmers. They argue Congress was left in the dark and warn any future moves out of the Beltway would be a mistake.
The group of 23 lawmakers who wrote USDA leadership were all democrats, but some Republicans, like Iowa Senator Chuck Grassley, also took issue with the roll out. He says that USDA only came to the table after the fact, leaving lawmakers little time to digest the information.
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Herd rebuilding looks slow, keeping cattle prices supported; beef-on-dairy crosses help fill feedlots, while imports temper—but don’t erase—tightness.
Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
According to the most recent version of the Household Food Security Report for 2022-2023, food insecurity is on the rise in the U.S.
Fewer cattle on feed suggest smaller slaughter numbers this winter, which could support strong prices if beef demand holds firm.
