The Agriculture Department announced today that, in an effort to promote transparency and competitive markets, it will be releasing two new USDA Market News reports providing additional insight into cattle trades.
The Senate's proposed fiscal 2022 funding bill for the Agriculture Department and Food and Drug Administration would provide $7 billion in disaster assistance to cover producers' losses in 2020 and 2021.
The beef industry will face scrutiny this week from senators who are under pressure to curb the pricing power of big meatpackers, while the full Senate is nearing a vote on a bill to accelerate the development of ag carbon markets.
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.