PRO FARMER
Chair Thompson criticized the Biden administration for imposing regulations he claims punish farmers and ranchers.
There are concerns about potential fraud in used cooking oil (UCO) trade as demand for feedstocks to produce biofuels in the U.S. increases.
Although a strike is not imminent, shippers are taking the threat seriously, with some diverting cargo to West Coast ports to avoid disruptions.
A recap of the week’s price action, with outlook for the next 5, 30 and 90 day segments.
The new CBO projections “prove what we have been saying all along: the House Republican farm bill is unpaid-for, relying on magic math and wishful thinking,” Senate Ag Chair Debbie Stabenow (D-Mich.) said.
Michigan’s ag department will provide the grant money for to up to 20 farms from its emergency response funds.
The world’s renewable fuel makers will face a waste oil supply crunch, Bloomberg reports.
The Iowa Department of Agriculture reported another dairy herd infected with H5N1, making a total of six herds infected in the state.
Members of the National Oilseed Processors Association (NOPA) crushed 183.6 million bu. of soybeans during May, 5.2 million bu. more than the average pre-report estimate and a record for the month.
The landscape for U.S. renewable diesel production has changed dramatically, similar to the growth of ethanol and biodiesel in the past two decades, according to a report from USDA’s Foreign Agricultural Service.