USDA’s Ag Marketing Service Packers and Stockyards Division (PSD) released a draft of the first of three proposed rules today: Transparency in Poultry Grower Contracting and Tournaments, aka the “tournament pricing rule.” Two more rules, covering livestock and poultry, are expected later this summer or early fall:
Clarifying the scope of the Packers and Stockyards Act (PSA), which will address allegations brought against packers or dealers made under PSA must show economic harm or likely harm
Determining unfair practices under the PSA which sets the standards for what purchase or contract terms would be considered unreasonable preferential or discriminatory.
Of course, eliminating the need to show eco...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
