The grain markets rallied again Thursday. After struggling or moving lower Wednesday, the crop markets turned upward overnight, with the grain markets continuing their advance this morning. Talk of excess rainfall in the U.S and potential dryness in Russia, Canada and Australia boosted wheat, with corn following right behind. Good export news also powered the yellow grain advance. July corn futures ended Thursday having risen 5.0 cents to $3.65/bushel, while December added 5.0 to $3.8225.
The grain markets are rallying again. After struggling or moving lower yesterday, the crop markets turned upward overnight, with the grain markets continuing their advance this morning. Talk of excess rainfall in the U.S and potential dryness in Russia, Canada and Australia are boosting wheat, with corn following right behind. Good export news is boosting the yellow grain market. July corn futures rose 4.0 cents to $3.64/bushel around midsession Thursday, while December added 4.0 to $3.8125.
As part of its overall efforts to address compounded drugs, the U.S. Food and Drug Administration today released a draft “Guidance for Industry (GFI) #230, Compounding Animal Drugs from Bulk Drug Substances.” Current law does not permit compounding of animal drugs from bulk drug substances, but the FDA recognizes that there are limited circumstances when an animal drug compounded from bulk drug substances may be an appropriate treatment option.
The Iowa Pork Producers Association is partnering with the Iowa Pork Industry Center and Iowa State University Extension and Outreach swine field specialists to offer free training and preparation sessions aimed at helping Iowa pork producers prepare for a Common Swine Industry Audit.
The National Pork Producers Council supports quick approval of Trade Promotion Authority legislation and opposes “controversial” amendments to the bill that could prolong debate and potentially prevent passage. The organization is urging the Senate to pass a clean TPA bill as soon as possible.
The House Agriculture Committee approved H.R. 2393, a bill to repeal Country of Origin Labeling (COOL) requirements for beef, pork and chicken. The panel amended the Agriculture Marketing Act of 1946, on a 38-6 vote. While repealing the labeling requirements on beef, pork and chicken, it leaves intact the requirements for all other covered commodities.