Agribusiness Update for Friday 11/22/13

Mercy for Animals has released another undercover video that shows animal abuse at an Oklahoma farm. The National Pork Producers Council says the actions violate the high standards of the U.S. pork industry. NPPC and America's hog farmers strongly condemn practices that aren't in accord with U.S. pork industry best practices. NPPC is calling on state authorities to conduct a thorough investigation and to bring criminal charges against workers who abused animals.

House Agriculture Committee Chairman Frank Lucas told reporters this week that the recent EPA decision to lower next year's Renewable Fuel Standard target could impact some farm bill decisions. He noted that the downward trend in corn has the potential to pull prices for other crops down as well.

A new report from Crop Life America finds that more than 40 percent of U.S. agricultural commodity exports could be blocked by upcoming changes in the European Union Plant Protection Regulation. If the EU regulation is implemented as proposed, it could block more than $4 billion of U.S. agricultural exports to the EU.

That's today's Agribusiness Update from the Ag Information Network.