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NCBA President Testifies Before Congress on State of the Livestock Industry

National Cattlemen’s Beef Association (NCBA) President Todd Wilkinson testified before the House Agriculture Committee Subcommittee on Livestock, Dairy, and Poultry at a hearing titled “A Review of Animal Agriculture Stakeholder Priorities.” Wilkinson, a second-generation cattle producer from South Dakota, highlighted stronger market conditions in the cattle industry and discussed new challenges facing farmers and ranchers from burdensome regulations and inflation.

“Many of you have said it before, and I wholeheartedly agree, food security is national security,” Wilkinson testified. “Working together, we can ensure the long-term success and viability of those on the front lines providing said crucial food security. We owe it to the next generation to get it right.”

Wilkinson explained that the cattle industry faces challenges including the threat of a foreign animal disease, the U.S. Department of Agriculture’s overreaching Packers and Stockyards rules, and activist attacks against the Beef Checkoff.

Wilkinson’s testimony also focused on key priorities for the cattle industry during the 118th Congress including:

  • Passing the 2023 Farm Bill with provisions to protect animal health, promote voluntary conservation programs, reinforce disaster programs, and support risk management programs.
  • Nullifying the U.S. Department of Agriculture’s harmful Packers & Stockyards rule that injects heavy-handed government mandates in cattle producers’ businesses.
  • Defending the Beef Checkoff, which supports the cattle industry’s long-term success and is supported by the majority of producers.
  • Reauthorizing the Animal Drug User Fee Act to protect the efficient Food and Drug Administration review of animal drugs that keep livestock healthy.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.