It has been periodically charged that USDA has a bias in favor of farmers over consumers, and the agency’s local effort is evidence of the difficulty serving the needs of both.
Reacting to a Tampa Bay Times story (“Farm to Fable”) about restaurants making false claims regarding the sourcing of the foods they serve, USDA Secretary Tom Vilsack reportedly said, “As this industry matures and grows there’s going to be the need for standardization for what it means by local and regional.” The “local” food movement has been nurtured by USDA in an effort to boost the income of smaller farms, particularly those nearer to urban centers. It is consistent with the government’s efforts since the 1...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...