Since COVID-19 disrupted the meat supply chain in the spring, there has been a growing consensus between Republicans and Democrats on Capitol Hill that the meat processing industry needs more competition, but that comes with a few barriers.
U.S. beef exports to China are rising and the long-term forecast is optimistic for U.S. producers and shippers, but the deal that enables those rosy expectations hasn’t been completely finalized by the Chinese, according to government and industry sources.
Farm groups are appealing to the Agriculture Department to relax payment rules and extend the signup deadline for the Coronavirus Food Assistance Program, citing the lagging pace of payments to farmers.
A $1 trillion coronavirus relief package that Senate Republicans are trying to finalize would authorize compensation to livestock and poultry producers and also aid ethanol plants as well as additional direct payments to farmers, a key senator said Thursday.
The Federal Trade Commission is opening a 30-day comment period Tuesday on its conditions for Elanco Animal Health’s $7.6 billion purchase of Bayer Animal Health, paving the way for final approval of the deal.