agriculture News Updates

DOL said its ELP mandate will take effect mid-June “to allow the regulated community time to review and will be applied prospectively to filings thereafter.”

The agreements offer some hope to American farmers harmed by the trade war as they saw a major export market for soybeans and other products dry up.

The administration is now fine-tuning potential directives aimed at alleviating temporary shortages in the domestic beef market, a White House official said. 

The move would suspend the annual tariff-rate quota, which would enable more of the product to enter the U.S. at low rates.

The case targeted Agri Stats, which collects nonpublic information from meat processors and shares the data in detailed reports with the industry.

The increase in the gauge — which tracks grains, sugar, meat, dairy and vegetable oil costs — marks the third consecutive month of gains. 

ADM shares were up 1% in premarket trading. The stock has climbed more than 30% so far this year, bolstered by optimism for policies that increase the use of biofuels. 

While Tyson’s adjusted earnings for the quarter beat analyst estimates, the company now expects its beef segment to lose $350 million to $500 million in 2026.

The extended closure of the Strait of Hormuz and extreme weather have jolted farm commodities prices to a two-year high.

American imports of Chinese used cooking are set to accelerate as increased U.S. biofuel-blending requirements kick in and the Iran war drives up energy costs, making the feedstock a relative bargain.