SIOUX FALLS, S.D. (AP) — Meat and livestock groups upset that Congress opted in the new farm bill not to back off from mandatory country of origin labeling requirements are worried the issue could start a trade war with Canada and Mexico.
Previous labeling rules required only the country of origin to be noted, such as "Product of U.S." or "Product of U.S. and Canada." New rules that took effect last year require that labels for steaks, ribs and other cuts of meat include clear information about where the animals were born, raised and slaughtered. Labels must specify, for example, "Born in Mexico, raised and slaughtered in the United States."
Feb. 03--ENID, Ok -- The oldest and largest privately owned grain company in the state, W.B. Johnston Grain, is going to be sold to a Louisiana company.
W.B. Johnston Grain entered into a letter of intent to sell its grain company and related business to CGB Enterprises Inc., a grain and transport business based in Covington, La.
The transactions is expected to close within 35 to 40 days, according to a press release from the companies. Terms of the transaction were not disclosed.
"We are looking forward to being a part of the CGB team," WBJ CEO Butch Meibergen said. "WBJ prides itself in providing producers with services they need, and we look forward to offering even more resources in...
CHICAGO, Feb. 4, 2014 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that January 2014 volume averaged 12.9 million contracts per day, up 13 percent compared with January 2013. Total volume for January 2014 was more than 271 million contracts, of which 85 percent was traded electronically.
CME Group interest rate volume averaged 6.3 million contracts per day in January, up 18 percent from January 2013. Eurodollar futures volume averaged 2.6 million contracts per day, up 34 percent from the same period a year ago. Eurodollar options volume averaged 830,000 contracts per day, up 92 percent from January last year. Treasury...
WINNIPEG, Manitoba - February 3, 2014 - Ag Growth International Inc. ("AGI") has entered into an agreement to acquire the REM GrainVac product line from REM Enterprises Inc. based in Swift Current, Saskatchewan.
REM has led the grain vacuum industry over the last 40 years and with the recent introduction of the VRX model grain vac REM is well positioned for continued leadership in this area. The REM GrainVac will be manufactured in AGI's recently acquired 114,000 square foot manufacturing facility in Swift Current, SK, along with the Batco belt conveyor product line. Sales and manufacturing will transition to AGI immediately with no planned interruption in business.
Feb. 3, 2014 – Washington, D.C. – The National Association of Wheat Growers (NAWG) awarded Rep. Frank Lucas, Chairman of the House Agriculture Committee (R-Okla.) the 2013 Wheat Leader of the Year Award at the annual Wheat Industry Winter Conference in Washington, D.C.
NAWG President Bing Von Bergen presented the award to Rep. Lucas during committee meetings on Friday. After receiving the award, Rep. Lucas gave a brief speech to the NAWG board.
“It is always an honor to be recognized for your efforts on behalf of America’s farmers. This is important to me because I represent one of the largest wheat growing regions in the country. The timing of this award is especially momentous as the...
DECATUR, IL (BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended Dec. 31, 2013. The company reported adjusted earnings per share1 of $0.95, up 58 percent from the $0.60 in the same period last year. Net earnings for the quarter, which were negatively impacted by charges related to GrainCorp and to ADM’s Brazilian sugar mill, were $374 million, or $0.56 per share, down from $0.77 per share in the same period one year earlier. Excluding specified items, segment operating profit1 was $1.0 billion, up 33 percent.
“The team delivered a strong finish to the year,” said ADM Chairman and CEO Patricia Woertz. “Lower corn costs and...
Arlington, Va., January 22, 2014 -- The American Feed Industry Association’s Equipment Manufacturers Committee is now accepting applications from universities for its two new scholarship opportunities. The scholarships, valued at $2,500 each, will support students who have chosen educational pathways in the feed and grain industry at a qualified, higher educational institution.
“The first EMC scholarship partnership began with Kansas State University,” said Keith Epperson, AFIA’s vice president of manufacturing and training. “With the help of IFEEDER (the Institute for Feed Education & Research), EMC is now searching for two additional universities to partner with beginning in spring...