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28Dec

China Buying Rice for the First Time From U.S.

China is buying U.S. rice for the first time. The "South China Morning Post" reported Chinese customs officials cleared American rice for import on Thursday. It's not clear how much China will buy, but the U.S. rice industry calls China the 800 pound gorilla for the industry, and a market barrier it's been trying to break for decades. Johnny Sullivan of Producers Rice Mill, Inc. says "China is a monster of a market. The facts are based on the consumption...

By Grains
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27Dec

Google Identifies Three Marketing Trends Affecting Pork Consumption

It’s no surprise that digital use is exploding in all areas of our lives, but pork producers at the World Pork Expo earlier this year heard how that the National Pork Board and the Pork Checkoff works with Google to reach consumers and influence meat and food purchases. In 2017, 31% food and beverage sales were influenced by digital media, said Steve Lerch, Google account executive for Advocacy and Associations. That’s $13 billion of a $43 billion industry. “We’re at a time...

By Livestock
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20Dec

Speaker Ryan: Trump Will Not Sign Funding Bill

Hope for averting a partial government shutdown dissipated Thursday afternoon as House Speaker Paul Ryan (R-Wis.) told reporters President Donald Trump would not sign a stopgap funding continuing resolution already passed in the Senate. "The president informed us he will not sign the bill that came from the Senate last evening because of his legitimate concerns for border security," Ryan said after meeting with Trump. "So what we're going to do is go back to the House and work with our...

By Uncategorized
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20Dec

Federal Reserve Raises Interest Rates

Wednesday the Federal Reserve announced it would raise the target interest rate range for federal funds to 2.25% to 2.5%. This 25 basis point increase is the 9th highest interest rate increase since the financial crisis, according to Yahoo Finance. The new rate is effective Dec. 20, 2018. “The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate pain on required and excess reserve balances to 2.40%,” the statement explains. “Setting the interest rate pain on...

By Uncategorized
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18Dec

15 Percent of Cotton Crop May Still Be Sitting Vulnerable in the Field

Cotton farms across Texas have been battling Mother Nature all year. Another curve ball came last week when a winter storm barreled across the Plains, dropping 10 inches of snow in its path. The weather further delayed a harvest already 30 days behind for one farmer. "We're getting to where these bolls are going to be very susceptible if we get moisture on them with anything kind of freezing temperatures, it's going to pull them to the ground," said Dahlen Hancock,...

By Grains
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