In a series of announcements, President Donald Trump has named Gary Washington as the acting Secretary of Agriculture.
Washington was selected as the USDA Chief Information Officer in February 2018. His appointment comes as Brooke Rollins awaits Senate confirmation for the role, with her hearing scheduled for Thursday in the Senate Agriculture Committee.
In addition, the President has announced James Payne will temporarily lead the EPA, and Juan Millan will serve as the acting Ambassador of Trade in the U.S. Trade Representative’s office.
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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.