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FDA Issues Proposed Rule Aimed to Enhance Safety Rules for Animal Food

FDA Issues Proposed Rule Aimed to Enhance Safety Rules for Animal Food

By Amanda Brodhagen, Farms.com

There may soon be new rules governing the production of animal feed in the United States. The Food and Drug Administration (FDA) has proposed a new rule under the FDA Food Safety Modernization Act which is aimed at improving the safety of food for animals.

The new rules would require livestock feed and pet food companies to have procedures in place to prevent foodborne illness, and a plan on how to deal with problems that may arise. The goal is to modernize the nation’s food safety system to prevent food safety cases, as well as have a set of procedures in place for corrective action.

The proposed new rules will be open for public comment for the next 120 days and could become law within 60 days following the comment period. The rules would apply to domestic and imported food and animal feed. Companies will soon have to meet stricter requirements before their products can be sold in the United States.
 


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.