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Corn and soybean prices fell Friday following USDA’s release of its latest World Agricultural Supply and Demand Estimates report, which projects a record soybean crop and “smaller supplies, larger exports, and reduced ending stocks” for corn.

Increases for a wide variety of staples helped drive grocery store prices up 0.4% in September, the largest jump since January, the Bureau of Labor Statistics reported Thursday.

Category Five Hurricane Milton, which is set to make landfall in Florida late Wednesday or early Thursday, could be the “worst storm to hit Florida in over a century,” according to President Joe Biden. It comes at a difficult time for residents of the southeastern U.S., who are still grappling with the major agriculture and infrastructure damages caused by Hurricane Helene. 

Some food industry groups who are closely watching meetings of the Dietary Guidelines Advisory Committee are fiercely advocating for their products as the DGAC works to complete its scientific report, which will be used to develop the actual guidelines.

USDA is investing $1.7 billion in Commodity Credit Corporation funds to purchase locally produced foods for emergency food assistance and school meals. 

Stakeholders from the food supply chain and consumer groups highlighted the need for data uniformity across different input systems and other remaining challenges for complying with the FDA’s upcoming traceability rule. 

Fast-food dining chain McDonald's is suing Cargill, JBS, National Beef and Tyson Foods, alleging the four beef processors are conspiring to fix beef prices.

USDA announced several actions today to promote fair and competitive markets, including new rulemaking steps under the Packers and Stockyards Act and increased access to seed germplasm.

East Coast dockworkers agreed to end their two-day strike after coming to a “tentative agreement on wages” with the United States Maritime Alliance, the International Longshoremen’s Association and USMX said in a joint statement Thursday. 

East Coast dockworkers ended their strike after reaching a “tentative agreement on wages” with the United States Maritime Alliance, the International Longshoremen’s Association and USMX said in a joint statement Thursday. The two sides have extended their current contract and will keep negotiating until Jan. 15 to finalize a new one.