Sec. Brooke Rollins: “Significant trade agreement announcements” are coming down the pipeline soon

Ag Secretary Brooke Rollins was in the hot seat twice in one week, this time before a House Appropriations Committee, defending USDA’s budget for next year.

When pressed on making up lost dollars from recent trade action, Rollins said the President’s team is already working on solutions.

“I have never been more encouraged about what is going to happen. The deals will begin to be announced very soon. It may be private, but we’ve got several of our Cabinet Secretaries heading out across the world, not just myself; in the UK, the President is heading to the Middle East, our Secretary of Treasury is headed out, our Secretary of Commerce is headed out. We are very, very close to significant trade agreement announcements. No one will benefit more than our farmers and our ranchers.”

Rollins tells lawmakers her vision moving forward is prioritizing food safety, weeding out wasteful spending, and allowing states to better serve their communities.

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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.