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The Senate Agriculture Committee failed to advance its Farm Bill after a 10-11 vote yesterday, with disagreements over Supplemental Nutrition Assistance Program (SNAP) cost-sharing preventing the measure from moving forward before Congress’s August recess.
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Senate Ag Committee’s 10-11 farm bill vote stalls the legislation, but a bipartisan 17-6 vote on mandatory country-of-original labeling keeps mandatory beef labeling alive for a potential September revote.
Farm bill fails to make it out of Senate Ag Committee
Tighter global stocks, new trade deals, and a higher MAL base rate alter the downside risk setup as the new marketing year opens.
Acres effected are up nearly 40% over the past month