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The comment period for hemp extended, the future of beef prices, hog futures increases and the bird flu hits Poland.

Kristy Foster Seachrist, Digital editor

January 3, 2020

2 Min Read
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The holidays have you missing some ag news this week? We have a solution! Here’s seven stories you may have missed.

1. The U.S.-China trade signing was expected to be completed this week. However, President Trump tweeted Dec. 31 that the trade deal signing is delayed until Jan. 15 - Farm Futures.

2. The USDA’s comment period on hemp regulations has been extended to Jan. 29. The agency has received more than 1,500 comments. Comments have come from a wide range of groups including hemp groups and lawmakers. – Farm Futures

3. Poland is hit by bird flu outbreak on turkey farms. Bird flu has been detected in turkeys in eastern Poland, authorities said Jan. 1, and local media reported that the outbreak could require up to 40,000 birds to be slaughtered. - Reuters

4. The year ended on a high note for American soybean farmers, with prices on pace for their best monthly performance since 2016. The December soy rally is a welcome turnaround for American farmers. Soy futures jumped about 0.9%, on Monday, bringing this month’s gain to a little more than 8%, or the biggest advance for a most-active contract since April 2016. - Bloomberg

5. U.S. hog futures increased in 2019 as pig fever hit China. U.S. hog futures rose in 2019 on hopes China will further increase pork imports as an outbreak of African Swine Fever. The African swine fever disease has reshaped global meat markets by pushing China to search the world for meat to replace millions of dead pigs. - Reuters

6. What’s ahead for beef? There are a lot of factors that influence the price of cattle. “One thing we know for sure: Demand has been exceptional and that has been underpinning prices. Yes, feeder cattle and calf prices aren’t as good as we want them to be. But I believe they would be lower were it not for the great beef demand we’ve seen. – BEEF

7. And here is something different. New Jersey, Now known for rice? Blue Moon Acres is growing five styles of rice in accordance with Korean farming practices. In Pennington, southwest of New Brunswick, Blue Moon Acres is cultivating assorted rices. There are medium- and long-grain brown rice; white sushi rice; a mix of short-grain brown and black rice, called black and tan, that turns purplish when cooked; and an Italian rice, short-grain Maratelli, for risotto and paella. – New York Times

And your bonus.

Iowa father of three wins all-cash prize on 'Wheel of Fortune' Waukee resident Kurt Zimmermann scored a five-figure win Monday during an episode of “Wheel of Fortune." The director of information technology at Principal Financial Group and father of three won $11,450, all in cash. - Des Moines Register

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