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NCBA responds to northward moving threat… Today, National Cattlemen’s Beef Association (NCBA) CEO Colin Woodall responded to the announcement from the U.S. Department of Agriculture that a new case of New World screwworm has been detected in the Mexican state of Nuevo León, less than 70 miles from the U.S.-Mexico border.
“It is extremely concerning for the American cattle industry that New World screwworm has moved so far north in Mexico and now is just 70 miles from the border. The speed that screwworm has moved through Mexico is a reminder that this pest poses a critical and urgent threat to America’s cattle producers,” said Woodall. -source: NCBA Press Release
Carbon Pipeline pits State v State… Supporters of South Dakota’s law barring the use of eminent domain for carbon dioxide pipelines are pushing back after North Dakota’s attorney general suggested his state might challenge the measure in court. In an interview published Thursday, Fargo radio station The Flag (WZFG) asked North Dakota Attorney General Drew Wrigley if he would file a lawsuit against South Dakota.
Wrigley said his office is “examining all possibilities.” He also criticized South Dakota’s law, calling it a “bad policy choice” and a “hostile act.” “To have a nation, you have to have commerce between, around and across states,” Wrigley said. “There are limitations on what one state can do that then would make them the regulator of the nation, so to speak.”
The South Dakota legislation, signed into law in March, prohibits the use of eminent domain for carbon pipeline projects. -source: Joshua Haiar, South Dakota Searchlight
Another shutdown showdown… The Senate rejected dueling funding bills from Democrats and Republicans on Friday afternoon, pushing Congress to the brink of a shutdown with no deal in sight. Senate Democrats voted to block the Republicans’ “clean” seven-week funding stopgap, which had passed out of the House about two hours earlier on a 217-212 vote, mostly along party lines.
The lack of consensus on how to keep agencies running past the Sept. 30 funding deadline bodes poorly for Congress’ ability to avoid a government shutdown. Lawmakers have less than two weeks to settle on a deal, and neither side appears willing to budge. -source: Andres Picon, E&E News
Deere announces layoffs… John Deere has announced a round of layoffs impacting 2 of its Iowa facilities. Citing decreased demand and lower order volumes, the company has confirmed to multiple media sources that the workforce reductions will see 101 employees in Waterloo and 40 in Des Moines.
A previously announced layoff of 71 workers at Deere’s foundry in Waterloo, Iowa goes into effect Sept. 19. When it announced those job cuts in August, it also announced the layoff of 167 workers from Quad City facilities located in Illinois.
In a statement shared with Farm Equipment, published news reports, Deere noted that the Waterloo layoffs will impact Tractor Operations, Drive Train Operations, Drive Train West and Engine Works, all of which are separate from the foundry. -source: Christine Book, (i)Farm Equipment magazine
Animal Ag Alliance lauds good progress on the farm… Today, the Animal Agriculture Alliance released an updated version of its Sustainability Impact Report as Climate Week NYC kicks off. The report highlights decades of progress made by the U.S. food and farming community to enhance animal welfare practices, reduce environmental impact, and contribute to a healthy, balanced diet.
Said Emily Ellis, director, communications and content, Animal Agriculture Alliance, “We’re incredibly proud of the work being done to innovate and advance food production practices to continue contributing to a sustainable food system.” -source: Animal Agriculture Alliance Press Release
Notable closes…
A change in export tax policies in Argentina weighed heavily on the soy complex. There are reports that Brazil is ramping up its bean crush capacity in response to increasing domestic biodiesel demand, but that did little to support beans.
- November beans were 14 1/2 lower at $10.11
- January beans down 14 ¼ cents to $10.30 1/2
- March beans closed at $10.47, down 13 3/4 cents
News of the New World Screwworm’s advance combined with a friendly cattle on feed report on Friday and the cattle complex pushed sharply higher today.
- October live cattle were $3.57 ½ higher at $237.15
- December live cattle up $4.50 to $240.22 ½
- October feeders $7.25 higher at $361.35