The scrapping of the national animal identification (ID) system in the U.S. simply means that USDA Secretary Tom Vilsack recognizes that some things can be better handled on a state-by-statenot nationalbasis, according to U.S. Meat Export Federation (USMEF) President Phil Seng.
The House Agriculture Committee voted unanimously last Wednesday to tell the House Budget Committee not to cut any agriculture programs in the fiscal year 2011 budget, but House Agriculture Chairman Collin Peterson, D-MN, said he will still move forward with his plan to consider cuts if Congress should go through the reconciliation process.
World weather agencies have agreed to collect more precise temperature data to improve climate change science, officials said last month as U.N. Secretary-General Ban Ki-moon urged environment ministers to reject efforts by skeptics to derail a global climate deal.
CME Group Inc. will launch futures contracts for distillers dried grains (DDGs), a byproduct of corn ethanol production that can be used to feed animals, the exchange operator said last week. Trading in the DDGs con- tracts will start on April 26.
Hog farmers, on the front lines of the $16 billion U.S. hog industry, have struggled with low prices for two years. Higher feed costs due to problems with the corn crop could cause a reduction in the amount of pork on the market due to both a drop in profitability and the slower hog growth rates.
Profitability in the unit that makes Deeres green tractors and harvesters was especially impressive, reporting margins of nearly 10 percentthree times what investors had expected, according to Eli Lustgarten, an analyst at Longbow Securities..
U.S. farmers can expect a record corn crop, another huge soybean harvest, and strong demand for its exports, which should combine to produce strong incomes for the agriculture sector this year, USDA said in its latest forecast.