In an analysis, the American Farm Bureau Federation's Market Intel service said, “With the increasing number of hog transactions utilizing the pork cutout as part of a formula transaction, these contracts have the potential to develop into an important risk management tool for industry participants.”
“The timing of this announcement coincides with a rising pork cutout value and offers an opportunity to revisit what exactly the pork cutout is and how it is calculated.”
-USDA Agricultural Marketing Service — A User's Guide to USDA's Pork Carcass Cutout https://www.ams.usda.gov/…
-American Farm Bureau Federation Market Intel — CME Introduces Pork Cutout Contract Amid Strengthening Pork Market
National Milk Puts Pressure on FDA to 'Enforce' Dairy Labeling Standards
National Milk Producers Federation President and CEO Jim Mulhern today wrote Food and Drug Administration Commissioner Stephen Hahn that he should act soon on his promise to support “clear, transparent, and understandable labeling for the American people” on dairy products.
In an open letter published on the NMPF website, Mulhern wrote Hahn that he has noticed “FDA has been getting more active on topics beyond COVID-19” and reminded him that he had promised to Sen. Tammy Baldwin, D-Wis., at his confirmation hearing to work on the the issue of dairy labeling standards.
NMPF, which represents dairy farmers, says that FDA should not allow food companies to use the word “milk” on plant-based beverages.
“We had been very hopeful, based on your pledge, that this would be the year this problem could finally be solved. Since it's late in 2020 — and who knows what the next few months might be like? — we thought we should check in,” Mulhern wrote.
National Milk Producers Federation — Dairy Defined: An Open Letter to FDA Commissioner Dr. Stephen Hahn
Jerry Hagstrom can be reached at jhagstrom@nationaljournal.com
Follow him on Twitter @hagstromreport
© (c) Copyright 2020 DTN, LLC. All rights reserved.
The Link LonkOctober 05, 2020 at 09:37PM
https://ift.tt/2StpGGO
NPPC, Farm Bureau Praise New CME Pork Cutout Contract - DTN The Progressive Farmer
https://ift.tt/2RsHZwT
Pork
No comments:
Post a Comment