CFTC Chairman Timothy Massad made the bold claim at a Senate hearing this week that his agency would develop "bright-line rules" in its pending position limits proposal that would clearly distinguish between "what is really legitimate hedging versus excessive speculation." Bald-Faced Lies An article entitled "The New Food Police" in Modern Farming magazine reflects some balance but nonetheless skews to the populist line that big is bad in food, particularly when it comes to food safety. Some of the attacks on Big Ag include:
"Massive food processors can quickly distribute tainted goods around the world." "our industrialized food system could harm us" "large-scale contagion" "the numerous foodborne contagions spread by giant agribusi...
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...