• The US has suspended all imports of fresh beef from Brazil amid continued food safety concerns.
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  • The opening of a Central Missouri train loading facility will handle grain faster and might improve the local price.  The new MFA Shuttle Loader near Hamilton, Missouri has an advantage in its logistics for taking in grain and loading it out.  Manager David Jones tells Brownfield that advantage is speed.
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  • Minnesota dairy leaders are gathering in St. Paul to discuss ways to improve the industry.
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  • Senate Ag Chair Pat Roberts pressed the US Trade Representative on the sluggish progress to increase access for US biotechnology in China.
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  • The USDA says total red meat and pork production during May were new all-time highs for the month. Beef production was also up on the year. The cattle and hog slaughter paces were faster than a year ago, cancelling out the lower average live weights.
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  • Troubles continue for Brazilian meatpacking company JBS SA amid the ongoing corruption probe.  Earlier this week a Brazilian judge blocked the company’s planned $300 million-dollar sale of a South American Unit to a rival company, Minerva SA, over concerns the sale would hinder the corruption investigation.
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  • U.S. pork stocks at the end of May 2017 were down 4% on the year at 592.127 million pounds. Good export and domestic demand helped cancel out some of the impact of record monthly pork production. That demand did pull pork belly stocks to a new monthly low. Beef at 412.872 million pounds was down 10% on the year and below the five year average for the month because of solid demand.
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  • The head of R-CALF USA says his group is in the second step of trying to restore Country of Origin Labeling for beef and pork coming into the U.S. since Congress repealed the “COOL” law in late 2015.
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  • Michigan’s wine industry has united to better represent the sector’s interests in legislative issues as well as support research and marketing efforts.
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  • Soybeans were lower on commercial and technical selling. Beans hit more than nine month lows, watching the weather, expecting generally non-threatening near term conditions in most of the Midwest. Weekly export numbers were neutral to bearish. Total sales remain ahead of the USDA’s expected pace, but the market’s seeing an impact from record South American production and the trade’s wary about potential record U.S. production. The USDA’s new acreage estimates are out Friday, June 30th.
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