Nail on the Head Democratic Senators Elizabeth Warren (Massachusetts) and Cory Booker (New Jersey) teamed up on a report excoriating the meat industry over worker conditions and the coronavirus. Keep in mind that as a vegetarian, Mr. Booker is naturally disinclined towards meat packing and Ms. Warren is disinclined toward corporate America, having written a social responsibility bill that was described by Harvard University economics professor Jeffrey Miron as likely to help destroy capitalism. The most notable reaction to the charges by these two politicians comes from Smithfield Foods CEO Ken Sullivan. His sharp rebuke included:
"the aggressive and accusatory tone of your letter suggests your offices have already formed conclusions...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
