Perdue: USDA Actively Monitoring Commodity Markets

Agriculture Secretary Sonny Perdue says the Department of Agriculture is “actively monitoring all commodity markets and the flow of food” during teh coronavirus crisis. The comments on Twitter come as a reply to industry requests last week that USDA protects commodity markets from manipulation.

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

“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 said. “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.”