US Livestock Industry Safe for the Environment; GMO Dispute Resolved in Argentina
Good news for Monsanto, WSJ reports that Argentina’s government resolved a dispute over GMO seed that will now allow biotech companies like Monsanto to collect royalties on crop genes. It is a temporary resolution as the government works through a law that will “preserve the rights of producers and sustainability of the industry” according Argentina Agriculture Minster.
Beef online reports CME cattle futures hit new highs for the week and are holding gains. All but most actively traded Aug Live cattle have eclipsed last week’s highs as the market continues its correction begun June 20. UC Davis completed a study that found the U.S. has the most environmentally friendly livestock industry in the world, as measured with scientific fact by its carbon footprint. And as part of comprehensive life-cycle assessment — an assessment of all environmental footprints UC Davis researchers showed that converting farmland to residential land is 70 times more harmful to the environment.