News

Record corn crop realized and forecast raised

The U.S. 2014/15 corn yield forecast is raised once again to a new record high of 174.2 bushels per acre, 2.5 bushels higher than last month’s forecast. FULL STORY »

Large stock market losses depressed commodities Wednesday

Big equity losses weighed on the ag markets Wednesday. Tuesday’s weekly USDA Crop Progress indicated the corn harvest was farther along than expected, which weighed on CBOT futures in early trading. FULL STORY »

U.S. encouraged by progress with Japan on Pacific trade pact

Progress in U.S. talks with Japan towards a Trans-Pacific Partnership trade pact is encouraging, but difficult issues remain, the acting deputy U.S. trade representative said on Wednesday. FULL STORY »

Lighter Side: Cream cheese jumps on bacon bandwagon

Ready for bacon-flavored cream cheese? Kraft sure hopes you are! FULL STORY »

Canada worker, hog shortages leave industry squealing

Shortages of hogs and packing plant workers in Canada, exacerbated by recent government restrictions, may severely cut hog processing and pork exports, helping to keep North American retail pork prices near record highs. FULL STORY »

Financial markets affected commodity futures Tuesday morning

Big equity losses are weighing on the ag markets. The weekly USDA Crop Progress indicated the corn harvest was farther along than expected, which weighed on CBOT futures in early trading. FULL STORY »

Consumers less likely to spend money on beef products, deli ham

Oklahoma State University's October Food Demand Survey shows that while people are spending more in grocery stores on food, they are less willing to buy steak, hamburger, chicken breast and deli ham than one month ago. FULL STORY »

Lighter Side: Behold; the veggie burger that bleeds

No, that’s not a typo. A Stanford University biochemisty professor has invented a vegan-friendly, meat-free burger that doesn’t just look the part of the real deal. It “bleeds” juice, too. FULL STORY »

Pork Board counters antibiotics report with online campaign

The National Pork Board will use an online marketing campaign to counter a critical television documentary on antibiotics use in livestock, pointing consumers to industry-funded websites that defend the practice, according to an association email. FULL STORY »

Cattle and pork fall on Chicago Mercantile Exchange

Wednesday morning, both beef and pork were trading lower on the Chicago Mercantile Exchange. FULL STORY »

Schmidt opposes EPA proposal

Kansas Attorney General Derek Schmidt joined 10 other state attorneys general and six governors in signing a letter formally objecting to the waters of the U.S. rule proposed by the Environmental Protection Agency (EPA). The letter suggested the proposed rule would place virtually every river, creek, stream, along with vast amounts of neighboring lands, under the agency’s Clean Water Act jurisdiction. Many of the these features, according to the state attorneys general and governors, are dry the vast majority of the time and already are in use by farmers, ranchers, developers and homeowners. FULL STORY »

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