Mexico Already Won Opponents of Big Ag are arguing that Mexico’s proposed delay of a GMO corn ban, plus its focus on corn for food use and not feed means there is no problem for the American corn industry. This ignores that AMLO’s specific goal is Mexican corn self-sufficiency, and thus lower imports from the U.S. His apologists argue that American farmers will simply grow non-GMO corn but this misses some important points including:
The Mexican regime is just posturing and there has been no change in the legal decree. Even if it is delayed, the intent and impact remain adverse to the interests of the U.S. industry. Mexico’s continued refusal to approve new GMO traits is anti-science and is not only imposing a technol...
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...