On Wednesday, Congress released language on its third stimulus package to aid those sectors of the economy impacted by COVID-19. As part of the funding, $14 billion was provided to the USDA's Commodity Credit Corporation to help agriculture, as well as a separate appropriation of $9.5 billion for livestock and specialty crops. A Senate vote is scheduled for later today, with the House expected to follow suit shortly thereafter.

National Pork Producers Council President Howard "A.V." Roth, a pork producer from Wauzeka, Wis., had the following statement: 

"There is nothing more essential than food and water. U.S. pork producers can't telecommute and remain hard at work to provide pork products to American kitchens. But we have already suffered losses due to COVID 19-related concerns. These new financial setbacks come on the heels of two very difficult years during which pork was at the tip of the trade retaliation spear. We are pleased that the stimulus package includes funding for much-needed relief to livestock farmers, and we recognize a vote is pending. We look forward to working with Congress and the administration to make sure that all pork producers can access this critically important lifeline as we remain committed to keeping food on American tables."

Source: National Pork Producers Council, which is solely responsible for the information provided, and wholly owns the information. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.