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Purdue Center for Animal Welfare Science to present symposium

Purdue University's Center for Animal Welfare Science will bring together researchers, producers, government officials and others in its first symposium exploring how science can help allay mounting public concern over the well-being of animals.

Markets

Soy and wheat futures starred for the ag markets Wednesday

Corn futures rebounded Wednesday. The USDA Grain Stocks and Prospective Plantings reports sent corn prices tumbling Tuesday, but the market firmed overnight. Prices staged a moderate recovery this afternoon, with sentiment surging after the weekly EIA energy report stated domestic ethanol stocks at their lowest level since early January. May corn futures closed 5.5 cents higher at $3.8175/bushel Wednesday, while December moved up 6.0 to $4.0675.

Markets

Tight global supplies in command of beef marketplace

From Australia to the United States and everywhere between, tight supplies of beef will be a common theme in 2015, according to the latest Rabobank Beef Quarterly report.

“Global beef supply continues to remain tight in Q1 2015, although Australian exports remain high as drought continues,” says Rabobank Animal Protein Analyst Angus Gidley-Baird.  “Continued liquidation of the cattle herd and possible improved seasons will lead to a reduction in Australia’s beef production through 2015.”

Industry

GMOs have been greatly debated following recent WHO report on glyphosate

Recently, WHO found that glyphosate, the key ingredient in Monsanto’s widely used weedkilller Roundup, may cause cancers in humans. Roundup is commonly sprayed on GMO crops. Shortly after, Monsanto’s Vice-President of Global Regulatory Affairs said the company wants the report redacted.

Ag Policy

Value of the dollar and exports of major agricultural crops

Over the last year, the US dollar has appreciated by 27 percent against the Euro. For US residents, this strengthening of the dollar has made traveling to European countries that use the Euro a bargain. At the same time it has made imports from the Eurozone cheaper and US exports more expensive.

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