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Statement from Agriculture Secretary Vilsack on President Biden's Actions to Address Infant Formula Shortage

“We know that this situation is causing stress and anxiety for many families across the country and President Biden has said that this administration will do everything in its power to ensure babies and families have access to the formula that they need. As the President directed, the Department of Agriculture will immediately begin coordinating with the Department of Defense and expand its coordination with our Health and Human Services counterparts to get safe formula on store shelves as quickly as possible.

"At USDA, we take seriously our role in safeguarding the health of families served by our WIC Program, which has been heavily impacted by the infant formula recall and resulting supply issues. USDA is taking aggressive action to support WIC participants.

"In coordination with our partners across the Federal Government, we will immediately get to work.”

Source : usda.gov

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Higher Crude Oil Futures for Longer = Stagflation?

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Fears are starting to grow that higher crude oil futures for longer could see slower economic growth and higher inflation BUT…. At a meeting in Paris, the Chinese team said they would be willing to buy more non-U.S. soybean row crops???? Trump's delay with the Xi meeting (pushed out to end of April) was replaced with the Ag Appreciation Day” on March 27th, 2026. A dry weather pattern for the Central Plains/U.S. winter wheat country causing are wildfires in NE and breaking record temps for March. Stocks are officially in a correction as funds continue to sell the metals to buy energy and ag + more.