More than a third of U.S. consumers expect rising food prices to cause them to cut back on holiday spending, according to a new survey by Americas Research Group for Reuters.
Read More

Representatives from the livestock and poultry industries commended U.S. Representatives Bob Goodlatte (R-Va.) and Jim Costa (D-Calif.) for introducing the Renewable Fuels Standard Flexibility Act.
Read More

A turkey industry representative told a House Agriculture Subcommittee the federally mandated use of ethanol has created an immediate and legitimate concern about the availability and cost of feed ingredients for poultry and livestock.
Read More

The current commodity markets are bad for everyone. Our economic climate is tenuous. Consumers are struggling to make ends meet and current fuel prices are forcing them to manage what they spend on food. American consumers play an integral part in any recovery because their spending accounts for about 70% of the nation’s economic activity.
Read More

With increased demands from the U.S. beef and ethanol industries, U.S. Corn supplies have reached a 15-year low and may be smaller than the government forecast last month, reports Businessweek.
Read More

Senators Tom Coburn (R-Okla.) and Ben Cardin (D-Md.) have introduced a bill to repeal the Volumetric Ethanol Excise Tax Credit, saying that it would save taxpayers $6 billion.
Read More

The recent run-up in the U.S. stock market is real and should continue at least through 2010, according to economist Dr. Donald Ratajczak. He was speaking to feed ingredient-purchasing managers at the 2009 Grain Forecast – Economic Outlook Conference.
Read More