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“Fairness for Farmers” Campaign Central to Administration’s New Effort to Increase Competition in Ag Markets

This afternoon, the White House hosted an event to discuss competition and capacity building in the meat supply chain. President Biden, Attorney General Merrick Garland, Secretary of Agriculture Tom Vilsack and National Economic Council Director Brian Deese announced the Administration’s Action Plan for a Fairer and More Resilient Meat and Poultry Supply Chain. Oklahoma Farmers Union President Scott Blubaugh offered perspective and insight into the devastating impacts consolidation has had on the industry and rural America. 

“National Farmers Union has long advocated for increased competition in the meat-processing industry.  Our national Fairness for Farmers campaign has highlighted the devastating impact consolidation has had on America’s family farmers and ranchers all over the country,” said Rob Larew, President, National Farmers Union. “At every state of the process, farmers are squeezed and forced to choose between fewer and excessively expensive options while consumers are paying premiums at the grocery stores.” 

“We are hopeful that the Administration’s renewed focus on boosting competition and reducing prices will force the changes needed to create an even playing field for those who take on the responsibility of feeding America,” added Larew. 

“America’s independent farmers and ranchers have been sounding the alarm for years on the lack of transparency and competition in livestock markets,” said Oklahoma Farmers Union President Scott Blubaugh while speaking at the event today. “Industry consolidation has had a significant negative impact on rural America as farmers and ranchers have experienced reduced marketing options and reduced power in the marketplace.” 

Blubaugh added, “Today’s announcement from the Biden-Harris Administration is absolutely welcomed news. Independent farmers and ranchers like myself are hopeful this renewed focus on boosting competition, transparency and market access will provide a more level playing field that will benefit cattle producers and consumers alike.” 

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
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But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
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