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U.S. average gasoline and diesel fuel prices decrease

The U.S. average retail price of regular gasoline decreased 13 cents from last week to $2.51 per gallon on August 31, 2015, 95 cents per gallon less than at the same time last year. The Midwest price showed the largest decline, down 20 cents to $2.47 per gallon. The West Coast price decreased 12 cents per gallon to $3.16 per gallon. The Gulf Coast and East Coast prices were both down nine cents per gallon, to $2.20 per gallon and $2.34 per gallon, respectively. The Rocky Mountain price was down five cents to $2.77 per gallon.

News

Protesting farmers in more than 1,500 tractors flood Paris streets

Protesting French farmers converged on Paris in more than 1,500 tractors on Thursday to demand more government action to stem a crisis in the meat and dairy sectors that has left some farms near bankruptcy in the European Union's top agricultural producer.

Markets

Effects of removing crude export restrictions depend on price and resource assumptions

The recent rise in domestic crude oil production from 5.4 million barrels per day (b/d) in 2009 to 8.7 million b/d in 2014 and the prospect of continued supply growth have sparked interest in the question of how a change in current policies, which restrict but do not ban exports of crude oil produced in the United States, might affect markets for both crude oil and petroleum products over the next decade.

Industry

What's up with WOTUS?

Implementation of the Clean Water Rule: Definition of “Waters of the United States” (usually referred to as the WOTUS rule) was set to become effective on August 28, 2015. Several lawsuits were filed by agricultural groups, among others, requesting a preliminary injunction, or order, to halt the rule’s implementation until lawsuits could be settled.

News

Did you know… Small number, big impact

Sometimes you are reading emails, see something you realize is not spam—and your only reaction is WOW! Such was mine as I looked at qualifying numbers for the Certified Angus Beef ® brand for the months of June and July and saw 30.1% for both months. That is 30.1% of all identified black-hided, Angus-type cattle qualified for the CAB brand.

Cow/Calf Producer

The Veterinary Feed Directive: what does it all mean?

In 1996, Congress enacted the Animal Drug Availability Act (ADAA) for the approval and marketing of new animal drugs and medicated feeds. Before that time, drugs used in the animal industry were either over-the-counter or prescription-based. The ADAA created a new category of products called veterinary feed directive drugs (VFD drugs).

Markets

Boxed Beef Report: Beef prices continue to drop

Choice boxed beef fell 82 cents on Wednesday, dropping to $240.96. The 27-day average price is now at $240.51. Select boxed beef prices dropped from $232.32 on Tusday to $230.54 on Wednesday, a $1.78 fall that brought the 27-day average price to $232.48.

Choice primal chuck fell $2.15 on Wednesday to $198.40, while choice primal flank fell $1.50. Choice primal rib continues to fall, though not as drastically, dropping 91 cents to $342.30. Choice primal loin was the only cut to increase, jumping $1.22 to $336.01.

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