August 13, 2018
Leading the news today is word that
Wings rode the development of flat-screen TVs and smartphones to build
its chain of sports bar-style restaurants coast-to-coast. Sports betting
may provide a new round of growth. The Golden Valley-based chain, is
considering ways to incorporate betting into its restaurants after a
Supreme Court ruling in May struck down a 1992 federal law that banned
sports gambling in most places.
In other news, the
its monthly World Agricultural Supply and Demand Estimates (WASDE) report
Friday at noon EST, showing the latest outlook for livestock, poultry and
dairy. The forecast for total meat production in 2018 is raised from
last month as increases in broiler production more than offset declines in
beef, pork, and turkey production.
Elsewhere, on Wednesday,
August 1, the Senate passed the Minibus Appropriations bill with an
amendment sponsored by Senator Deb Fischer (R-NE) that would delay the
implementation of the Electronic Logging Devices (ELDs) mandate for
livestock haulers by one more year. Livestock haulers are already
operating on a delay until the end of the Fiscal Year, but this amendment
would extend that delay to Sep. 30, 2019.
Cattlemen's Beef Association (NCBA) said it is fully committed to the Beef
Checkoff Program and the state beef councils who carry out necessary
demand-building programs on behalf of the industry. For more than 50
years, state beef councils have been the cornerstone of beef promotion,
enjoying widespread support from the vast majority of the beef producers
who invest in the Beef Checkoff.
world demand for U.S. soybeans remains strong and China still needs
American soybeans, even if at reduced volumes in a trade war with the
U.S., an LSU AgCenter report says, but depressed prices already have wiped
out profits for many Louisiana soybean farmers.
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