President Trump is approaching 100 days in Office, and there have been a lot of changes to the government workforce, with more potentially on the way.
Citing a report from Government Executive, House Ag Committee Ranking Member Angie Craig says any more potential cuts to agriculture would be devastating.
“In Minnesota, and I know across this country, haphazard layoffs at USDA are jeopardizing our ability to serve farmers and keep our Ag system the safest and most productive in the world.”
USDA has said any cuts to the Department would target duplicate roles. Iowa Senator Chuck Grassley has been watching the situation unfold and says whatever happens, he hopes it lifts up rural America.
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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.
Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.
Record corn and sorghum crops boost feed grain supplies, while reduced soybean and cotton production tighten outlooks for oilseeds and fiber markets.
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.
Protein markets are fragmenting. Beef is supply-driven and more structurally expensive, whereas pork and poultry remain price-competitive.
