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Ag Policy
Global Food Prices Trend Lower for First Time in 12 Months, Prices Still Up 34% in a Year
UN’s Food and Agriculture Organization (FAO) says after a year of climbing global food costs, the global food price index saw a decline, yet prices are still up nearly 34% from a year ago.
July 13, 2021 03:37 PM
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AgDay TV
Industry
In the Market for Propane? Here’s Why Propane Prices Could Produce Sticker Shock this Fall
Propane prices are already twice the levels posted a year ago, and as supply concerns rise, propane prices could trend even higher heading into the fall and winter months.
July 13, 2021 03:36 PM
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AgDay TV
Industry
Smithfield Foods Agrees to Settle Lawsuit Over Price-Fixing Claims
Smithfield’s chief administrative officer says the company denied liability in agreeing to settle, and believes its conduct was always lawful.
July 13, 2021 03:36 PM
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AgDay TV
Industry
Average Cost of a 4th of July Cookout is Down Compared to Last Year
The American Farm Bureau says average cost for 10 people is less than $6 per person.
July 13, 2021 03:36 PM
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AgDay TV
Industry
Slower Line Speeds in Effect at Six Pork Processing Plants
The Biden administration has until the end of August to file an appeal on the ruling enforcing the slower speeds.
July 13, 2021 03:36 PM
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AgDay TV
Ag Policy
Senate’s “Growing Climate Solutions” Plan Gets Agriculture’s Backing
A plan to help farmers and ranchers reduce greenhouse gas emissions, while gaining more clarity on carbon markets, is moving through Congress. The Senate approved the “Growing Climate Solutions Act,” with a 92-8 vote.
July 13, 2021 03:35 PM
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AgDay TV
Industry
Despite Worker Worries, Foodservice Sales Soar to Record Levels in May
Foodservice spending at restaurants and bars totaled a record $67 billion last month. That’s up more than $1 billion from February despite analysts saying the issue of finding restaurant staff is holding back sales.
July 13, 2021 03:34 PM
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AgDay TV
Hog Production
Pork Cutout Prices Hit with Record Loss
The pork cutout value hit a new record loss, dropping almost $13 on Tuesday. The primal belly was down more than $59, and primal rib dropping more than $16. Pork futures also dropped again on Wednesday.
July 13, 2021 03:34 PM
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AgDay TV
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Hog Production
Robust Pork and Poultry Demand from Overseas Leads to U.S. Trade Surplus
USDA says there is robust demand for U-S meats right now, especially pork and poultry. The increase in demand led to a trade surplus last year.
June 24, 2021 02:09 PM
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AgDay TV
Industry
World Food Prices Rise at Fastest Pace in a Decade as Inflation Concerns Continue in U.S.
The United Nations issued a warning this week as world food prices are rising at their fastest pace in a decade. Global food prices have risen for 12 consecutive months and now sit at their highest level since 2011.
June 24, 2021 02:08 PM
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AgDay TV
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