Higher prices for meat and other foods are helping fuel the inflation that is pinching consumers. Supermarket prices rose 0.8% in June, driven by a 2.5% increase for meat, poultry, fish, and eggs. Beef prices rose 4.5% last month.
Agriculture Secretary Tom Vilsack told senators Tuesday that his department is working on measures that will “significantly” increase U.S. meatpacking capacity, a top priority of producers who believe industry concentration is depressing livestock prices.
The Senate Agriculture Committee on Thursday easily approved the nomination of Janie Simms Hipp, a long-time agricultural law specialist and member of the Chickasaw Nation, to become the Agriculture Department's general counsel.
Democrats look to move President Joe Biden’s $1.9 trillion stimulus package through the Senate while Agriculture Secretary Tom Vilsack makes his case for the new administration’s priorities to farm groups this week for the first time in his return to his old job.
Congressional leaders reach agreement with the White House on a $900 billion COVID-19 relief package that will include a new round of aid to various agriculture sectors while also ensuring the deductibility of expenses used to get forgiveness of Paycheck Protection Program loans.
House Agriculture Committee Chairman Collin Peterson, D-Minn., and ranking member Michael Conaway, R-Texas, are asking USDA to analyze the beef packing sector and trends in cattle markets related to the COVID-19 pandemic.
A bipartisan group of senators are asking the Justice Department to “expediently” investigate what they call “concerning circumstances” within a beef sector rocked by processing capacity issues and accusations of profiteering at the highest levels of the supply chain.