UGA Peanut Oil Studies and Holiday Cooking Essentials
From the Ag Information Network, this is your Agribusiness Update.**A new UGA study is seeking to increase the value of Georgia’s peanut crops for new markets while reducing losses caused by the consistent threat of aflatoxin.
www.gfb.org reports, the four-year, $490,000 USDA grant will be used to develop high-oil peanut varieties bred to withstand the unique climate and pest pressures of the Southeast.
Researchers will determine at what point peanuts are at their highest oil content, develop the best management practices, and examine profitability of oil production.
www.gfb.org/news/ag-news/post/uga-study-focuses-on-boosting-georgia-peanut-oil-production
**The Fall and Winter holidays are just around the corner, but USDA says the essentials for holiday cooking have been accumulating in cold storage.
Stocks of bone-in and boneless hams at the end of July stand at 1.2% above last year.
Whole-hen turkey stocks totaled 109.4 million pounds, an increase of 12.5%.
Butter in cold storage was 7% above 2023.
The 2024 beef production forecast is adjusted slightly higher.
**The Environmental Working Groups filed a lawsuit against Tyson Foods, the second-largest meat company in the world.
The suit accuses the company of making “false or misleading” marketing claims targeting consumers concerned about climate change.
It targets Tyson’s claims that its industrial meat production operations will reach net-zero greenhouse gas emissions by 2050 and that it produces “climate-smart” beef.
The plaintiffs want to stop Tyson from continuing to make what they say is unsubstantiated environmental claims.