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NPPC Calls for Quick Senate Approval of HEROES Act

The National Pork Producers Council is urging the U.S. Senate to approve legislation already passed by the House of Representatives to assist struggling pork producers. The National Pork Producers Council hosted a teleconference yesterday in which it called on the U.S. Senate to expeditiously adopt livestock agriculture provisions included in COVID-relief legislation passed by the U.S. House of Representatives.
 
NPPC President A.V. Roth says the Senate must act quickly to support U.S. pork producers who remain in crisis.
 
Clip-A.V. Roth-National Pork Producers Council:
 
Plant capacity has improved in recent weeks thanks to the Defence Production Act invoked by President Trump on April 28th but significant plant capacity shortfalls remain and it's unclear when we will return to full processing capacity.
 
Hogs continue to back up on farms causing an unprecedented financial crisis that is taking a severe emotional toll on farmers. A lifeline has been extended through provisions included in the HEROES Act passed by the House on May 15th.
 
We are particularly thankful to House Agriculture Committee Chairman Collin Peterson for his leadership in pushing for these provisions. The address the range of issues that are decimating our farm sector, including compensation for euthanized livestock and additional direct payments to offset the severe market losses incurred by producers as hog values have plummeted.
 
Collectively U.S. pork producers will lose at least five billion this year. We appreciative the 1.6 billion allocated for pork producers in the USDA's Coronavirus Food Assistance Program but it falls short of what is needed to sustain thousands of impacted producers.
Source : Farmscape

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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.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
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.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!