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: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
