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<p>Balanced Reporting. Trusted Insights.</p>
Wednesday, April 02, 2025
U.S. agriculture exports are going to be stronger than first expected in fiscal year 2021 and should eclipse 2020, according to a new USDA forecast that raised sales estimates for soybeans, sorghum, corn and wheat.
There are expressions of optimism on both sides of Capitol Hill that lawmakers could reach a deal during the lame duck session on a government-wide spending bill for fiscal 2021.
President Donald Trump has halted negotiations with Democrats on a new coronavirus relief package, claiming that they were still insisting on $2.4 trillion in new spending.
The U.S. and the U.K. still have a lot of negotiating ahead of them, but the British will likely agree to a free trade agreement that allows for increased trade in beef, pork and poultry, says Gregg Doud, the U.S. Trade Representative’s top agriculture negotiator.
The Agriculture Department is launching a new round of coronavirus relief payments worth up to $14 billion that will be spread over more commodities with new methods of calculating the assistance.
Foster Farms has reopened a poultry processing plant in Livingston, Calif., after shutting it for a week to conduct thousands of COVID-19 tests on employees and conduct “deep cleaning” of the facilities.
A key senator involved in developing the Republican coronavirus relief package for farmers defended the broad authority it gives to USDA to spend $20 billion in farm aid, but he said the Trump administration likely will need to provide assurances about how the money will be spent.
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.
Farm groups and their Senate allies are making their final pitches to Capitol Hill for billions in additional aid as lawmakers look to pass what is expected to be the last major coronavirus relief package this year.
China’s livestock sector is booming even as the country recovers from African swine fever, and the country’s demand for feed is fueling optimism for U.S. corn and soybean exports in the 2020-21 marketing year, which begins Sept. 1.
