News Update
May 14, 2012
Angus Juniors Encouraged to Participate in The Scoop
The National Junior Angus Association (NJAA) and Angus Foundation will again provide NJAA members who have completed the ninth grade with an opportunity to gain experience in communication, business, writing and photography. This year marks the fifth year for The Scoop, an annual electronic publication produced by NJAA members who work as a team to create stories and artwork with the help of top communication professionals.
In addition to gaining experience, The Scoop provides networking opportunities between other juniors and industry leaders. For more information and the full release, visit http://www.angus.org/pub/newsroom/releases/
51112The%20Scoop.aspx?utm_source=NewsFeed&utm_medium=
email&utm_campaign=51112The%20Scoop.
Tyson Foods and Nebraska Beef Council Team Up
to Fight Hunger in Mid-Nebraska
Tyson Foods Inc. today, May 14, donated 10,000 pounds of ground beef to Community Action Partnership of Mid-Nebraska Food Bank. The donation was made in celebration of Nebraska Beef Month and as part of an effort to feed people in need and promote public awareness of hunger in America.
The Nebraska Beef Council supports the state's 21,000 plus cattle farmers who, together, make up a $7 billion-per-year statewide industry by annually encouraging families to eat beef in May.
"Beef Month is a great time to reflect on the hard working men and women who raise safe, nutritious beef products that feed the world," said Nebraska Beef Council Board Chairman Steve Hanson. "This donation from Tyson is a reminder that we all can help in the fight against hunger."
For more information and the full release, visit http://www.nebeef.org/newsroom.aspx.
Expanded Grain Trading Hours
On April 30, the CME Group issued a statement that it had no formal response to rumors that were circulating that it was looking to expand the daily trading hours for its CBOT grain futures contracts. The next day, May 1, CME Group issued a press release indicating that it was expanding trading hours on grain futures contracts beginning May 14. By Thursday, May 3, media reported that CME Group had not yet received permission from the Commodity Futures Trading Commission (CFTC) to expand its trading hours, thus requiring it to delay the beginning of longer trading hours. As of Thursday, May 3, CME Group indicated that its expanded hours would begin on trade date May 21, pending CFTC certification.
Many market observers note that CME Group's desire to quickly move to 22-hour per day trading in grain futures is prompted by the Intercontinental Exchange (ICE) offering of new U.S. grain futures that would trade 22 hours per day. The ICE operates exchanges, trading platforms and clearing services in Europe, Canada and the U.S., with its U.S. activity based out of New York City.
For more information and the full release, visit http://igrow.org/livestock/profit-tips/cattle-corn-comments-may-7-2012/.
'Do Pass' Recommendation Added to Missouri Ag-gag Bill
Only a floor vote in the Missouri Senate may stand between Gov. Jay Nixon's desk and a bill making fraud and interference new crimes if carried out at agricultural facilities, a so-called "ag-gag" law.
House Bill 1860, adopted by the Missouri House on a 124-29 vote, now carries an important "do pass" recommendation from the Missouri Senate Agriculture, Food Production, and Outdoor Resources Committee.
The "do pass" recommendation was attached to the bill on May 10, and it could have been brought up for a vote at any time since then. For the past week, Missouri's General Assembly was caught up in what observers called "contentious cross-chamber negotiations" on the state's new budget.
With the budget settled, the push is on to see what business can be accomplished before Missouri lawmakers go home May 18. If it clears the Senate and is signed into law by Nixon, then Missouri would become the third state after Iowa and Utah to adopt an "ag-gag" bill this year.
Twenty years ago, three other states — Kansas, North Dakota and Montana — adopted similar laws. All are designed to discourage taking undercover videos and pictures inside animal agriculture facilities.
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