The Power of McD
Aug 27, 2013
There’s little doubt of the market power of McDonalds, but if you want to see just what kind of impact the fast food giant can have, take a look at this Wall Street Journal story. In a few days, the company will debut Mighty Wings – the Mickey D version of chicken wings. Their interest in the product was felt in wholesale prices of the chicken "part."
Courts Look at COOL
COOL’s day in court has arrived and a few more players have joined in the game. The U.S. Cattlemen’s Association (USCA), National Farmers Union (NFU), the American Sheep Industry Association (ASIA) and the Consumer Federation of America (CFA) have also intervened in the pending country-of-origin labeling (COOL) lawsuit. Food Safety News reports a preliminary injunction is typically only granted if the court believes the plaintiffs are likely to win at trial. This is just the first step in finding out if the genealogy of our beef will be required on each store label.
Water is the New Oil
A Kansas State study reinforces what many drought-stricken farmers and ranchers already know – water is precious. But maybe their study will open some eyes of farmers who pour irrigation water on their crops as if there is a lifetime supply of it, says NPR. In a nutshell, there’s not. The study predicts that within 10 years, the amount of available water will drastically diminish, as will corn fields, soon followed by feedlots. NBC News says it would take an average of 500 to 1,300 years to completely refill the High Plains Aquifer.
There are rumblings that the other two major U.S. packers are planning to halt the purchase of Zilmax cattle, BEEF reports. Ironically, this stop-purchase plan should take care of itself as feedyards run out of their supply of the product. But one major feeding company CEO says he supports a thorough review of the product and hopes it returns to the market. Cactus Feeders top dog, Dr. Mike Engler, discusses za-problem in an interview on Oklahoma Farm Report.
You don’t have to travel to Pamplona to run with the bulls. A series of "runs" are now being held in various cities across the U.S., says NBC News. Perhaps there’s a marketing opportunity in there somewhere that American ranchers have missed…?
Hangover from the Drought?
The corn crop looks promising. Feeder cattle prices are up. Everything is peaches in cream in agriculture, right? Policy Pennings takes a look at some of the leftover effects of the 2012 drought, and how they could put a damper on 2014’s outlook.
It’s been a week or two since immigration legislation was news on our blog, but as Congress gets ready to come back to "work," the debate has focused on who won during the summer recess. TIME believes we simply lost a month of progress. Agri-Pulse shares info on two congressmen who are looking to clamp down illegal immigration.
Other News Bites ...
Looking for burger and fries? This new Burger King menu item gives you both in one bite.