While trade talks continue, Senate Majority Leader John Thune says farmers will not have to wait much longer for the Senate to finish its part in President Trump’s “Big, Beautiful Bill.”
“Look, it’s very complicated. We know that. I can’t speak for the House schedule. What I can tell you is, we’re going to do everything we can to stay on what we’ve laid out, and that is to try and work through these next two or three weeks to be prepared, to try and put that bill on the floor the last week before the Fourth of July.”
Thune says he expects the Senate vote to be a close one, but expects the President’s agenda will get passed one way or another.
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Speaking about his administration’s tariff strategy, Trump acknowledged that producers could face financial strain in the short term but promised stopgap support.
Rising cow numbers and higher yields are boosting milk supplies, which may keep pressure on prices and farm margins into the fall.
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
Fewer placements and historically low marketings point to tighter cattle supplies ahead, with Nebraska and Kansas gaining ground as Texas feedlots face supply pressure and the threat of New World Screwworm.
A new study by the National Grains and Feeds Association found that their industry generates $401.7 billion in economic output and supports over 1.16 million jobs nationwide.
