News

U.S. to seek G8 support for oil reserve release

05/16/2012 4:49:18 PM

U.S. President Barack Obama will seek support to tap emergency oil reserves from other Group of Eight leaders at a summit this weekend before the European Union's July embargo of Iranian crude, Kyodo news agency reported Wednesday. ... Full story.

Argentine province set to hike taxes, farmers strike

05/16/2012 3:55:25 PM

Lawmakers loyal to President Cristina Fernandez scurried to gather the votes needed to raise land taxes in Argentina's No. 1 grains province on Wednesday, while farmers went on strike to fight the proposal. ... Full story.

Wheat posts biggest gain in 6 weeks on Wednesday

05/16/2012 3:53:38 PM

Corn futures closed higher on Wednesday. Corn contract closed strong, reversing losses in overnight trade. ... Full story.

AFBF: Multi-legged stool best approach for Farm Bill

05/16/2012 3:10:26 PM

American Farm Bureau Federation President Bob Stallman at a hearing today on Capitol Hill reemphasized his organizations’ support of a single commodity option and a strong crop insurance program in the 2012 farm bill. ... Full story.

CME to pare back plan for expanded grain trading

05/16/2012 2:42:24 PM

CME Group is set to pare back its controversial plan for nearly around-the-clock grain trading in a compromise with grain firms that complained the shift would increase their costs, trade sources said on Wednesday. ... Full story.

Poll: Will you attend World Pork Expo June 6-8 in Des Moines, Iowa?

05/16/2012 2:01:39 PM

- Yes
- No
- Undecided

... Full story.

Q1 pork exports up sharply

05/16/2012 1:30:00 PM

According to the USDA's Livestock, Dairy and Poultry report, first quarter U.S. pork exports were 1.4 billion pounds, 15.8 percent ahead of last year. The five strongest markets for U.S. pork are shown in the table below. ... Full story.

USDA report includes a look at sow housing

05/16/2012 1:23:59 PM

A special article featured in USDA's Livestock, Dairy and Poultry Report outlines issues that are surfacing as a growing number of U.S. companies want pork suppliers to adopted strategies that move away from direct or indirect use of gestation stalls in pork production. ... Full story.

Cushing crude oil inventories at record levels

05/16/2012 1:18:21 PM

Crude oil inventories at the Cushing, Oklahoma storage hub reached a record 45.1 million barrels on May 11, after rising 16.9 million barrels since January 13, a marked contrast to the relatively flat level of inventories over January through April in recent years. ... Full story.

Gasoline prices fall for sixth straight week

05/16/2012 1:05:52 PM

The U.S. average retail price of regular gasoline decreased 4 cents this week to $3.75 per gallon, 21 cents per gallon lower than last year at this time. ... Full story.

HSUS ads deceive 90% of donors

05/16/2012 12:50:50 PM

A new survey of 1,000 self-identified donors to the Humane Society of the United States (HSUS) reveals 90 percent were unaware of the its budget distribution. Nearly 50 percent reported they are now less likely to support the activist group, according to a poll reported by HumaneWatch.org. ... Full story.

Commentary: Biofuel fantasy

05/16/2012 12:05:00 PM

A glowing new report on the economic benefits of ethanol production contains some suspect calculations regarding the biofuel’s actual impact on American consumers. ... Full story.

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