California Walnut Challenges and Gas Prices Down for 3rd Straight Week
From the Ag Information Network, this is your Agribusiness Update.
**With more California walnut orchards being removed, the outlook for the industry is expected to improve as growers try to balance supply and demand.
But such efforts alone will not be enough to put them on a fast track to market recovery and profitability.
A report by RaboResearch says walnut production may not
decline as fast as acreage because growers are taking out older, less-productive trees as wells as lower yielding varieties.
**USDA’s Food Safety and Inspection Service plans to monitor H5N1 influenza in dairy cows at slaughter starting next month.
FSIS will leverage its existing National Residue Program and conduct bird flu sampling in the muscle samples of dairy cow carcasses already collected.
Carcasses sampled under the program are held pending testing results.
In the event of a positive test, USDA will work with industry to ensure the carcass does not enter the food supply.
**The nation’s average gas price declined for the third straight week, falling 4.2 cents compared to a week ago to $3.37 per gallon, according to GasBuddy.
The national average is down 11.4 cents from a month ago and is 47.8 cents per gallon lower than a year ago.
The national average diesel price fell 2.6 cents last week and is now $3.69 per gallon, the lowest level in 940 days.
