USDA has sent the White House OMB a draft of new livestock marketing and contracting regulations under GIPSA. Some of the controversial provisions in the original 2010 draft are apparently removed while new ones have been added, according to industry briefings held by USDA.USDA has sent the White House Office of Management and Budget (OMB) a draft of new livestock marketing and contracting regulations under the Grain Inspection, Packers and Stockyards Act (GIPSA). This is the latest version of the draft rule released in June 2010 as required by Congress in the 2008 Farm Bill. Specifically, Congress directed USDA to look at five issues related to production contracts and criteria for determining:
Whether an undue or unreasonable preferenc...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
