Analysts Expect 11.45-Billion-Bushel Corn Crop, 23 Percent Below USDA’s Initial Estimate

On July 27, 2012, in Feed Grain Market

Eleven analysts polled by Reuters News Service this week reported an average estimate of 11.45 billion bushels  for corn production this fall, 23 percent under USDA’s initial forecast in May 2012 of 14.79 billion bushels.

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One-Year Extension of Farm Bill Being Discussed by House Republican Leadership

On July 27, 2012, in Farm Bill

House Republican leadership is reportedly focusing on a one-year extension of the current farm bill, according to a Politico report this week.

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U.S. Should Consider Reducing Corn-Based Ethanol Mandate, OECD Says

On July 27, 2012, in Ethanol

As this fall’s corn crop continues to shrink, the debate regarding the government mandate for corn-based ethanol has expanded internationally.  For example, this week the Organization for Economic Co-operation and Development (OECD) said the United States should consider lowering its targets for the use of corn in ethanol.

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Russia Set to Join the World Trade Organization on August 22

On July 27, 2012, in Congressional News, Permanent Normal Trade Relations, World Trade Organization News

Russia formally notified the World Trade Organization (WTO) on July 23 that it had ratified its membership agreement, meaning Russia will become the 156th member of the WTO on August 22.

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National Chicken Council and Other Organizations Urge Administration to Include “Effective Discipline” on SPS Measures in TPP Agreement

On July 27, 2012, in Trans-Pacific Partnership

In a letter to several top administration officials, the National Chicken Council and 37 other organizations said “that a well-negotiated, high-standard agreement can benefit agricultural producers, processors, and exporters in all Trans-Pacific Partnership (TPP) partner countries.

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USTR Accepting Comments on Trans-Pacific Partnership Negotiating Objectives With Respect to Canada and Mexico

On July 27, 2012, in Trans-Pacific Partnership

The Office of the U.S. Trade Representative (USTR) is accepting comments through September 4 on U.S. negotiating objectives with respect to the participation of Canada and Mexico in the Trans-Pacific Partnership (TPP) agreement.

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APHIS Revises Factors Considered in Evaluating Animal Health Status of Foreign Regions

On July 27, 2012, in Regulatory

USDA’s Animal and Plant Health Inspection Service (APHIS) has issued a final rule, effective August 27, that will amend the regulations that govern the importation of animals and animal products by revising the list of factors APHIS considers when evaluating the animal health status of a foreign region.

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Okey-Dokey Supermarkets Set to Begin Operations September 1 in Miami, Florida

On July 27, 2012, in Supermarket and Retail News

Okey-Dokey Supermarkets is scheduled to open its first of a planned chain of retail grocery stores this coming September 1 in Miami, Florida, according to Supermarket News (SN).  This store would mark the U.S. debut of the Russian retailer behind Europe’s X-5 Retail Group.

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McDonald’s Testing Deep-Fried Chicken Wings in Atlanta Market

On July 27, 2012, in Fast Food Footnotes

Several McDonald’s restaurants in Atlanta are testing spicy, deep-fried, bone-in chicken wings called “Mighty Wings,” which the chain served across the United States in the 1990s and has recently offered in Australia and Spain, according to The Los Angeles Times.

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Eggs Set, Chicks Placed, Broilers Produced Report

On July 27, 2012, in Eggs Set-Chicks Placed-Slaughter Report

U.S. total broiler slaughter for the week ending July 28 is estimated by USDA-AMS’s Poultry Market News Service to be 156,677,000 broilers, a 1-percent decrease from the same week a year earlier.

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