Key Takeaways:
Mandatory Country of Origin Labeling would provide consumers with more consistent information about where their beef originates, but evidence from the previous COOL rule found little indication that labeling increased overall consumer demand for beef. The primary potential benefit to U.S. cattle producers may instead come from shifting existing demand toward domestic cattle, as the additional tracking and segregation required for foreign-origin cattle can make them more costly for packers to handle. Voluntary U.S.-origin labeling allows producers and processors to differentiate domestic beef for consumers who value its origin without imposing COOL requirements across the entire supply chain, although it provides less consist...
What You Need to Know Today: The U.S. weather forecast has shifted to favor more beneficial conditions for finishing the corn and soybean crops, which is removing some weather risk premium from futures. Traders are looking ahead to Friday’s September WASDE, which will offer major insight...
The California General Assembly has passed a bill aimed at increasing transparency related to ultra-processed foods. California Governor Gavin Newsom has until 30 September to take action on the bill, though it will most likely be signed into law. Late last year, California became the first sta...
