U.S. Department of Agriculture

Allison Thompson with The Money Farm, says corn and wheat are reacting negatively to the breaking news that 25% tariffs will not be delayed and will go into effect on March 4 on Canada and Mexico and larger acreage estimates from USDA.

Mark Schultz, Northstar Commodity, says grains saw pressure on the continued on again off again new regarding tariffs.

The look at corn and soybean acreage under current conditions will be among the key focal points during the event, but it will also be key to see how USDA paints an export outlook with so much uncertainty surrounding tariffs and trade.

The plan, announced by USDA Secretary Brooke Rollins, dedicates up to $500 million to help poultry producers implement biosecurity measures and up to $400 million in financial relief for farmers whose flocks are affected by avian flu.

USDA is working to get more eggs into the supply chain in the short-term, but U.S. Agriculture Secretary Brooke Rollins says a team is focused on coming up with a long-term strategy to combat avian flu.

Time is running out for USDA to issue economic relief payments to farmers in the 90-day window set by Congress. According to some sources, producers are banking on the payments, even making business decisions based on projected payment calculations.

Following White House directives, USDA is honoring existing contracts with farmers, releasing approximately $20 million for the Environmental Quality Incentive Program (EQIP), the Conservation Stewardship Program (CSP), and the Agricultural Conservation Easement Program (ACEP).

Spearheaded by National Economic Council Director Kevin Hassett and USDA Secretary Brooke Rollins, the plan prioritizes enhanced biosecurity measures and medication to control the spread of the virus and moves away from mass culling of infected flocks.

A newly introduced bill and judicial review could stall some damage, but a number of U.S. producers will likely still feel economic pain. Funding cuts will also impact 19 land-grant university-based innovation labs in 17 states.

Rollins’ confirmation was expected, as the Senate maintains its quick pace of confirming President Trump’s key cabinet positions.