The House Rules Committee held a rare overnight hearing on Trump’s “Big, Beautiful Bill”

The House Rules Committee held a rare overnight hearing, beginning at 1:00 AM this morning, and it is still going on. They are debating President Trump’s “Big, Beautiful Bill.”

House Ag Committee leadership was there, with Chair GT Thompson explaining cost savings in his budget.

“The Agriculture Committee was tasked with $230 billion in net deficit reduction, and I’m proud of our product, and I’m proud to report that we exceeded our instructions. These savings are achieved through necessary changes to restore integrity to the SNAP program, and preserve the program’s ability to serve the most vulnerable long into the future.”

Ranking Member Angie Craig expressed her disappointment in the President’s bill and the required cost savings around SNAP.

Related Stories
A court decision that overturns Enlist labels would remove two major herbicides from use and reshape EPA’s future mitigation policies for other pesticides.
Tyson expects another year of beef-segment losses due to tight cattle supplies, even as chicken, pork, and prepared foods strengthen overall margins.
If the House concurs and the President signs, USDA services and farm-bill programs resume at full speed with authorities extended for another year.
Lewie Pugh, with the Owner-Operator Independent Drivers Association, joined us on Monday’s Market Day Report to share his perspective on what the bill could mean for truckers.
The DOJ’s new antitrust probe could reshape beef-packer behavior, with potential impacts on fed-cattle prices, processor margins, and long-term competition across the supply chain.
The Senate has cleared a path to reopen USDA, but full restoration of services depends on House approval and the President’s signature.

LATEST STORIES BY THIS AUTHOR:

China’s beef policy risk stems from domestic volatility, making export demand inherently unstable. Jake Charleston with Specialty Risk Insurance offers his perspective on cattle markets, risk management, and producer sentiment.
USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
U.S. Secretary of Agriculture Brooke Rollins said permanent access to the higher ethanol blend would provide farmers with much-needed certainty while supporting domestic crop demand.
Food prices increased in December, but not as much as expected, according to the latest Consumer Price Index from the U.S. Bureau of Labor and Statistics.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.