oversupply

EU’s dairy industry dealing with the pain of low milk prices resulting from oversupply. Farm household income will rise slightly. Effects of biofuels policy.

Market analysts say bans on French beef are likely following a confirmed case of bovine spongiform encephalopathy, otherwise known as BSE or mad cow disease. The World Organization for Animal Health raised the BSE risk assessment for France recently from the lowest risk level, which seems likely to force other countries to consider purchasing beef elsewhere...