Meat and Livestock View of RFS The Energy and Power subcommittee of the House Energy and Commerce Committee held the first of what will be many hearings on the reform of biofuels policy. The hearing was entitled: "Overview of the RFS: Stakeholder Perspectives," and the National Chicken Council (NCC) testified on behalf of the livestock industry.NCC's main points included:The Renewable Fuel Standard (RFS) is a government mandate that requires an amount of corn to be used to manufacture ethanol whether or not there is an adequate supply of corn; the industry's negative expectations of the RFS have been exceeded and exacerbated by the impact of the shortfalls of the corn crop for the past three years.
The RFS...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...