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Update: ‘Pink Slime’ Defamation Suit Against ABC

A South Dakota judged denied to throw out a defamation lawsuit against ABC News for its coverage of the meat product known as lean–finely-textured-beef, which has been dubbed by some as “pink slime.”

The company Beef Products Inc. sued the network in 2012 for $1.2 billion in damages. They are claiming that ABC’s coverage prompted the closure of three of its plants by misleading consumers that the beef was unsafe by referring to it as “pink slime.”

ABC’s defense team argue that the network did make mention that the U.S. Food and Drug Administration has classified this product as safe to eat. This was allegedly said in each of its broadcasts on the topic.

The judge ruled that the television network is not protected against liability because it mentioned that the product was safe to eat.

The ruling was a preliminary motion to dismiss. The next step is starting discovery and ultimately presenting the case to a jury.
 


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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.