Christa Lachenmayr has been appointed the Commodity Futures Trading Commission’s liaison to the Department of Agriculture and Swen Neufeldt has been named group vice president and president of Hormel Foods International Corp.
A divided Commodity Futures Trading Commission proposes new position limits for market speculators along with expanded exemptions that would benefit grain processors and other companies that hedge their risks in agricultural commodities.
Trade remains the top concern for American agriculture heading into 2020, with looming uncertainty about whether the Chinese will make promised increases in commodity purchases, and whether President Donald Trump will provide another round of trade assistance to U.S. producers.
A bipartisan bill advanced by the House Agriculture Committee on Wednesday would give the Commodity Futures Trading Commission authority to keep pace with new technology as well as pursue market fraud and manipulation that takes place outside the United States.
Senate Republicans are moving a fiscal 2020 spending bill for the Agriculture Department that tees up a fight with House Democrats over the relocation of two USDA research agencies to the Kansas City region.