USDA has sent the White House OMB a draft of new livestock marketing and contracting regulations under GIPSA. Some of the controversial provisions in the original 2010 draft are apparently removed while new ones have been added, according to industry briefings held by USDA.USDA has sent the White House Office of Management and Budget (OMB) a draft of new livestock marketing and contracting regulations under the Grain Inspection, Packers and Stockyards Act (GIPSA). This is the latest version of the draft rule released in June 2010 as required by Congress in the 2008 Farm Bill. Specifically, Congress directed USDA to look at five issues related to production contracts and criteria for determining:
Whether an undue or unreasonable preferenc...
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...
