Nowhere is the lower farm income issue being more contentiously discussed than in Europe. Politicians are expressing outrage over the spread between farm gate prices and those paid in supermarket, and there is a range of proposals to remedy the alleged insult.
Europe Falls Hard Like other governments, the EU is trying to respond to farmer angst over low commodity prices, including by lowering the threshold that triggers income stabilization subsidies. Still, nowhere is the lower farm income issue being more contentiously discussed than in Europe. Belittling the value being added by others along the value chain, politicians are expressing outrage over the spread between farm gate prices and those paid in supermarkets. Proposals t...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
