Following U.S. Trade Representative Ron Kirk’s announcement today that the United States has requested the World Trade Organization (WTO) to establish a dispute settlement panel to decide U.S. claims regarding the Government of India’s restrictions on imports of various U.S. agricultural products, including poultry meat and chicken eggs, the National Chicken Council, USA Poultry & Egg Export Council, and National Turkey Federation issued a joint statement strongly supporting USTR’s action.

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Reaction to yesterday’s “World Agricultural Supply and Demand Estimates” (WASDE) report from USDA’s World Agricultural Outlook Board was more than usual as the projected 2013 supply and demand numbers for various commodities were issued for the first time.

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Corn prices have recently moved in three distinct patterns, according to Dr. Darrel Good, University of Illinois agricultural economist.  He said these three movements are new-crop futures, old-crop futures, and old-crop cash prices. December 2012 futures reached a high of $6.735 on August 31, 2011, and declined erratically to the current low of $5.15 per bushel.

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Broiler exports in March this year continued to experience strong gains with a 9.8-percent increase in quantity and a 22.2-percent increase in value.

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The National Chicken Council and 18 other agricultural organizations that are members of the Agricultural Transportation Working Group sent a written request this week to the Senate Environment and Public Works Committee and the House of Representatives Transportation & Infrastructure Committee seeking “important technical clarification to the existing agricultural hours-of-service (AgHOS) regulations for commercial motor carriers.”

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U.S. total broiler slaughter for the week ending May 12 is estimated by USDA-AMS’s Poultry Market News Service to be 155,751,000 broilers, a 6-percent decrease from the same week a year earlier.

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