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The American Farm Bureau Federation sent a letter to Agriculture Secretary Tom Vilsack listing seven priorities for USDA on supply chain problems. The letter cites scarce and costly farm inputs, expensive highway freight, slow maritime exports and tight farm labor.
It also asks for support for small meat packers and for tariff rulings that account for farm costs.
Persistent logistics and input cost constraints raise production and marketing costs for feed producers and livestock farms. The letter is a lobbying request and does not itself change prices.
thefencepost.comAFBFSep 10, 2021After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
