Members of the House and Senate this week in two separate Congressional hearings voiced disapproval of USDA’s Packers and Stockyards Act (PSA) rulemaking.

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U.S. Trade Representative Katherine Tai testified before the Senate Finance Committee on the Biden administration’s trade policy agenda for 2023, noting that she does not plan to include tariff cuts in the agenda for talks with India and other nations Indo-Pacific nations.

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The Senate this week voted 53-43 to overturn the Biden administration’s Waters of the United States (WOTUS) rule. Meanwhile, two states won relief from the rule in a federal court.

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Cargill, Russia’s largest private agricultural commodities trader, this week announced it will stop exporting its grain from the country.

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Tyson Foods this week announced it plans to invest $70 million to build a state-of-the-art hatchery in Hope, Arkansas.

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This week Senator Mike Braun (R-IN) introduced The Safe American Food Exports (SAFE) Act, which would direct USDA to preemptively negotiate regionalization agreements for known animal disease threats with U.S. trading partners. 

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USDA Secretary Tom Vilsack on Thursday told the Senate Agriculture Committee that he feels there is “a long way to go” before a vaccine for highly pathogenic avian influenza (HPAI) would be acceptable, citing the disastrous impacts to trade markets, the lack of viability of current vaccines, and numerous implementation problems.

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The Consumer Price Index (CPI) released on Tuesday showed inflation rose 0.4 percent for the month after increasing 0.5 percent in January. Over the last 12 months, the index has increased six percent for all items.

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