Interest rates on agricultural loans in major agricultural Federal Reserve districts jumped in the fourth quarter of 2022, in most cases to highs last seen 15 years ago.

• U.S. establishing second USMCA dispute panel on Canadian dairy TRQ policies
• WOTUS lawsuit hearing set
• USDA launches Cattle Contracts Library
• FDA testing feed samples for PFAS
• USDA proposal keeps low-fat flavored milk as option in schools 
• Booker seeks more AFO oversight

As a cattle producer, you have many things to worry about on any given day, one of which is ensuring the feed you are receiving from your feed manufacturer is safe and high quality and provides the nutritional value it guarantees.

• SMI closes RO balancing plant
• California overtime pay required
• Lower annual average fuel prices forecast
• FDA to continue infant formula enforcement discretion
• Edge Dairy Farmer Cooperative unveils policy priorities
• Coming up: December FMMO recap
• Other news, briefly

Digest highlights

• USTR to press for Canadian USMCA dairy compliance
• Canadian dairy farmers to receive fourth DDPP payment
• Fed raises interest rates
• GDT index falls
• 2022 Census of Agriculture response deadline is Feb. 6, 2023
• Other news, briefly

Just 424 out of nearly 3.7 million milk samples tested positive for animal drug residues in the FDA’s annual analysis. Those samples testing positive were rejected for human consumption. That works out to be only one out of every 8,702 samples.

Digest highlights

• NMPF seeks faster FDA approval of climate-friendly feed additives
• Election results and the 2023 Farm Bill
• GDT index improves
• NMPF comments on livestock indemnity proposal