Wednesday, June 26, 2019 12:48PM CDT
The National Pork Producers Council has challenged FDA's regulations concerning gene editing, arguing the rules classifying genetically modified animals as a "drug" could hamper the industry. With President Donald Trump signing an executive order on biotechnology earlier this month, the pork industry and USDA secretary want FDA to loosen its regulatory oversight.
December corn is down 3 1/4 cents, November soybeans are down 3 1/4 cents and September KC wheat is down 4 cents.
Limited morning trade is expected in cattle and hog futures Wednesday as traders try to adjust to the wide market swings over the last couple of sessions. The rally in lean hog and live cattle trade Tuesday could bring stability to the market through the end of the month.