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Sec. Mike Naig says the U.S. government is using what he describes as a three-legged stool approach to address the virus in the dairy and poultry industries.
This incident comes as China stopped receiving Brazilian soybean shipments amid phytosanitary issues.
Fed cash cattle hit a new record high for a fourth straight week with the five area weighted average at $210.79, up $7.12 from the previous week.
Chuck Shelby, Risk Management Commodities, says grains close higher seeing fund buying and consolidation with the markets still digesting possible tariffs and South American weather.
With food recalls skyrocketing, one might find it hard to discern whether they’re reading a current USDA Food Safety and Inspection Service report or a chapter straight out of Upton Sinclair’s 1906 novel “The Jungle.”
DuWayne Bosse, Bolt Marketing, says corn and wheat are trying to recover Tuesday with fund short covering.