California E15 Vote and Tyson Profits Down
From the Western Ag Network, I’m Bob Larson with your Agribusiness Update.
**California is moving closer to making E15 gas available after lawmakers unanimously approved legislation removing the final barriers to selling the higher-ethanol blend.
Renewable Fuels Association President Geoff Cooper says the move could give California drivers access to lower-cost fuel while creating another market for American ethanol.
The California Environmental Policy Council has already approved an E15 analysis, and state regulators could consider final approval September 24.
**USDA released its closely-watched September farm-income forecast, projecting net farm income at $158.4 billion in 2026, down $4.3 billion from last year.
After inflation, the decline is considerably higher at $9.1 billion.
More significant for producers is the sharp increase in expenses.
USDA expects production costs to reach $492.8 billion, up $21.2 billion.
Fertilizer, fuel and livestock purchases account for much of the increase.
**Tyson Foods lowered its fiscal 2026 profit and sales forecasts as the historically tight U.S. cattle supply continues to pressure meatpackers.
The company now expects adjusted operating income of $1.85 to $2.05 billion, down from its previous forecast of $2.1 to-$2.3 billion.
Tyson expects its beef operation alone to lose up to $775 million.
Tyson cites volatile cattle prices and one of the most severe cattle shortages in U.S. history.
