Miscellany Day
The Biden Administration’s latest National Trade Estimates Report on barriers abroad kept opposition to Mexico’s glyphosate phaseout and failure to approve new GMO events, and added opposition to a new decree that would end imports of GM corn for human consumption.
The Biden infrastructure plan was welcomed by the agriculture sector for its investment in bridges, roads, locks and dams, plus broadband internet – but the ethanol industry sees nothing in the plan but more competition from electric vehicles. However, a proposal by some Senate Democrats for increased taxes would adversely impact farm assets.
The G-7 jointly attacked China’s industrial subsidies, agreed on the need for W...
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...
