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: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
