Daily Harvest -- 12/27/2013
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FARM & RURAL POLICY
Agri-Pulse: Smithfield ‘base business is fine,’ CEO Pope says
- Larry Pope, president and chief executive officer of Smithfield Foods Inc., the largest U.S. pork producer, recently told analysts that despite a second quarter loss of $4.2 million the “base business is fine.
Agri-Pulse: High beef prices expected to continue, Rabobank report says
- High beef prices are expected to continue into 2014 as supply will remain tight, driven by lower feed costs, herd rebuilding in the United States, and strong export demand from Brazil and Argentina.
Wall Street Journal: GOP, Business Recast Message
- (Subscriber only) GOP leaders focus on promoting legislation instead of confrontation next year, which may allow the House to pass a farm bill and push ahead on at least incremental overhauls of the immigration system.
TRADE & INTERNATIONAL
Ag Professional: Russia approves cultivation of GMO crops
- Russia is going to allow genetically modified crops to be grown within the country, according to a government decree. The new decision will take effect July 1, 2014. However, registration for GM seeds is anticipated to take a couple years
Wall Street Journal: China Rejects 2,000 Tons of U.S. Corn Byproduct
- (Subscriber only) China is stepping up scrutiny of corn and related products at ports to cut off imports of unapproved genetically modified grain, with a shipment of a corn byproduct being the latest cargo to be turned back.
Economic Times: Food prices; a bricks and mortar problem for Indian economy
- Struggling to cope with soaring food prices, this dwindling supply of migrant workers are demanding - and increasingly getting - rapid increases in pay and benefits.
Financial Times: Rolls-Royce looks to plot a course to the future with drone ships
- (Subscriber only) Amazon may have embraced the robotics revolution with the promise of drones making deliveries to your door, but Rolls Royce has taken it one step further and is predicting the first drone cargo ship will enter service in the next decade.
Politico: NYC's strange political brawl over carriage horses
- The fight centers on whether to ban the carriages out of concern for the animals’ welfare.
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