USDA Partially Deregulating Biotech Sugar Beets

U.S. agricultural regulators Feb. 4 said despite a court ban, they would allow commercial planting of genetically modified sugar beets under closely controlled conditions while they complete a full environmental impact statement. The move marks the second-such boost by the United States for contested biotech crops in a week, and underscores U.S. determination to expand

Where’s The “Taco Meat Filling?”

Where’s the beef? Not in the taco, according to a class action launched by an Alabama law firm. WSFA News in Montgomery reports that the firm has alleged that fast-food giant Taco Bell uses false advertising when referring to the filling in tacos as “beef.” “Rather than beef, these food items are actually made with


Organic Wheat Tough To Move, Says CWB Marketer

Canadian organic wheat farmers have effectively been shut out of the European market due to lower-priced competition from Kazakhstan. After the meteoric rise of organic wheat to $30 per bushel in the spring of 2008 that ended in the global economic recession that began later that fall, food manufacturers started looking elsewhere for raw materials.

Smallest Cattle Herd Since 1958

Analysts are predicting higher beef prices after the USDA report Jan. 28 put the U.S. cattle herd as of Jan. 1 at 92.582 million head, down 1.3 per cent from a year earlier and the smallest since 1958. “We are headed for record-high cattle, wholesale beef, and retail beef prices in 2011 and again in


Price Outlook Good — But Jumpy

It doesn’t seem to matter whether analysts are studying the market fundamentals, technical charts or the stars these days, they all agree on one thing. Prices are strong and there is plenty of potential for them to get stronger. But there was a caveat attached to the bullish outlook analysts dangled tantalizingly in front of

China-U. S. Soybean Deal Largest Ever

China wrapped up its biggest ever one-off U.S. soybean purchase on Jan. 21 in a $6.7-billion deal equivalent to nearly half of last year’s total trade, surprising dealers who had expected a more symbolic volume. With a second tranche of deals to buy 8.45 million tonnes, Chinese firms travelling as part of President Hu Jintao’s


Ethanol Production Boosts Demand For Corn

The USDA released a report Jan. 12 stating that corn crops will be the tightest than ever before, Mike Krueger, host of the “Money Farm” told farmers attending the 2011 Ag Days. “The single biggest thing that has changed the corn market worldwide and certainly our market is ethanol,” said Krueger. Ethanol production has increased



Vilsack Seeks Biotech Compromise

Agriculture Secretary Tom Vilsack told the largest U.S. farm group on Jan. 10 that farmers could see less government interference if they find a way for traditional and genetically modified crops to coexist. Farm groups and the biotechnology industry are skeptical of Vilsack’s “coexistence” proposal. He launched it last month at the same time the