Bayer Delays Roundup Settlement and Prime Cattle Grades Up

Bayer Delays Roundup Settlement and Prime Cattle Grades Up

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Bayer was forced last week to delay part of a proposed settlement of allegations that its widely used weed killer Roundup caused cancer after a U.S. judge questioned its plan to deal with future claims.

The German company tells agrimarketing.com, lawyers representing those preparing a class action had withdrawn a request for court approval of the $1.25 billion future claims scheme, part of a broader $10.9 billion agreement to settle close to 100,000 U.S. lawsuits related to Roundup.

https://www.agrimarketing.com/s/131387

**As the pandemic sends shock waves through the agricultural economy, the long-term driver of California farmland values remains access to reliable water supplies.

Speakers at an online agricultural business conference said local agencies face a "daunting task" of balancing water supplies with demand.

Agencies will work to increase supplies and will likely employ solutions that include land idling and water markets.

**A significant impact of the coronavirus pandemic on the beef industry has been an increase in the number of carcasses grading Prime.

According to agweb.com, COVID-19 infections at packing facilities caused a significant reduction in spring slaughter, delaying harvest of many market-ready cattle.

USDA reported cattle grading Prime in March and April at just over 10%. May data shows just over 12%, compared to just 8% in May of 2019, and June’s weekly average was 10.62% compared to just 7.04% last year.

https://www.agweb.com/article/more-prime-beef-softer-demand?mkt/

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