Perdue: USDA Actively Monitoring Commodity Markets

Ag Secretary Sonny Perdue said the USDA is “actively monitoring all commodity markets and the flow of food.” The comments on Twitter come as a reply to industry requests last week that USDA protects commodity markets from manipulation.

Perdue said, “We are paying special attention to the difference in prices from the farm gate to the grocery shelf.”

The National Cattlemen’s Beef Association sent a letter to Perdue last week, along with lawmakers, urging relief for cattle producers stemming from COVID-19. The coronavirus sent cattle markets lower, at a time when consumer demand has increased.

NCBA states, “This price disturbance has created tremendous uncertainty in the cattle industry, and has come at a time when cattle producers are singularly focused on maintaining adequate supply to meat and food processors.”

The organization says, “it is critical that cattle producers are empowered to maintain operational certainty as they work to ensure our nation’s food security during this crisis.”

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