Argentina's farmers are vowing to strike as a way to protest a hefty property tax in the Buenos Aires province. That province leads the country in soybean, corn and wheat production. Last week, lawmakers passed a tax increase as a way to help cash-strapped local governments.
In other news, a group of 49 Congressmen is encouraging the US Trade Representative’s office to investigate Mexico’s threat to assess anti-dumping duties to US poultry. Mexico claims that US companies are exporting chicken leg quarters to Mexico at below-market prices. If enacted, the additional duties would range from 64% to 129%. The National Chicken Council in this country says the anti-dumping action by Mexico would severely damage the US poultry industry.
Poultry production is pulling back slightly. USDA says commercial hatcheries set about 3% fewer eggs last month compared to a year ago. That comes from the 19 state weekly program. Chicks on the other hand had trouble finding feed. Placements for the roughly 165 million birds were down four percent from a year ago. In April the poultry industry churned out more than 3 and a half billion pounds of meat--with young chickens averaging about 5.8 pounds per bird. Mature chicken weights were off about 10 percent.
In Agribusiness today - there's been some slight improvement in the pork sector in recent weeks. Farm Director Al Pell has details in analysis.
A northwest Iowa man can "talk the talk" - especially when that talking takes place at an auction.
Jim McGuire was recently inducted into the hall of fame of auctioneers. After more than 50 years in the business, Jim’s being recognized for all those years of making sales. Al Joens from Agday affiliate KTIV-TV introduces us to a man known for his talkative line of work. In addition to his seven children, Jim has 17 grandchildren who sometimes help out at the auctions, too. His energy and his work ethic provide a strong example for them.
Within ten years, McDonalds plans to only buy pork products from farmers who no longer use gestation stalls. The world's largest fast-food chain laid-out a timeline last week to its pork suppliers. Micky-D's plan to source all pork for its US business from producers that do not house pregnant sows in gestation stalls by the end of 2022. Until then, McDonald’s plans to look for pork producers who already stopped using the equipment, and the company will develop a traceability system to verify the source of the pork.
And finally this morning if you worried about bed bugs as you stay at hotels this summer, our next story - unfortunately - probably won't give you much piece of mind.