NPPC Looking for Direction on USDA’s New PED Tracking Rules

Apr 28, 2014

By Amanda Brodhagen, Farms.com

The National Pork Producers Council (NPPC) says it’s seeking more information about the U.S. Department of Agriculture’s (USDA) reporting guidelines to monitor the Porcine Epidemic Diarrhea (PED) virus.

The USDA announced that it would be implementing a new policy requiring mandatory reporting of PED cases.

In addition to reporting efforts, the USDA’s Chief Veterinary Officer John Clifford says that the industry needs to continue to keep up with its on-farm efforts to keep the disease from spreading further.

Reporting cases of PED does not mean stopping the movement of pigs, but the USDA’s main goal is to be able to work with producers and their attending veterinarians to make sure that the best animal care practices are being maintained to slow the spread the disease.

While the USDA announced its new reporting requirements, the industry is still awaiting more details on how to implement the rules. NPPC’s Chief Veterinarian Dr. Liz Wagstrom calls the USDA’s approach “encouraging” but says the industry is concerned about the implementation of the program and ramifications of reporting a positive case of the virus.

More details about the tracking program are expected within the next two to three weeks.

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!