Why is chicken causing a furor between the US and China? It seems that there is a long standing feud over chicken imports to the US. According to Etter and Power, in 2006 the USDA issued a rule that permitted China to export cooked poultry products to the US as long as the raw poultry meat originated in the US. A bruhaha erupted, and lawmakers inserted a provision in the fiscal 2008 spending bill that prohibited processed chicken from being imported into the US.

Now, in retaliation, China is expected to ban imports of US chicken, a move that would cost US chicken exporters $370 million dollars over the next six months.

Agrium (NYSE: AGU) volatility is flat as AGU at record high on strong fertilizer demand. AGU, an agricultural retailer and fertilizer producer, closed at $54.38. AGU over all option implied volatility of 39 is near its 26-week average of 38 according to Track Data, suggesting nondirectional risk.

Terra Industries (NYSE: TRA) volatility is flat; TRA is near record on demand for nitrogen. TRA, an international producer of nitrogen products for industry and agriculture, closed at $31.26. TRA is expected to report EPS on 10/25. TRA over all option implied volatility of 52 is near its 26-week average of 50 according to Track Data, suggesting nondirectional risk.

Option update provided by Stock Specialist Paul Foster of theflyonthewall.com.

Cage-free eggs are the latest forefront in the constant PR campaign of many leading retail companies to be seen as the humanest, the most animal-friendly, the most vigilant about the health of its products. As indication of the bigness of this particular buzz-phrase, several weeks ago, Burger King Holdings Inc. (NYSE: BKC) announced a switch to both cage-free eggs and pork products. So important is the issue that when Portland, Oregon fast food chain Burgerville broadcast their own switch to cage-free, local media cried, when will Starbucks Corporation (NASDAQ: SBUX) switch all the eggs in its products (including its popular breakfast sandwiches) to cage-free?

The answer could be far more muddled than (for instance) the coffee giant's recent changeover to hormone-free milk or trans-fat-free baked goods. Here's the thing: it's not necessarily assured that cage-free eggs are the be-all and end-all of chicken humanity. And the costs go far beyond a little extra space.

This is not to say that I disagree with cage-free eggs, quite the contrary: I recently began raising chickens (Bella, Mathilda and Twitter are now six weeks old, and were recently joined by baby "sisters" Gilda and Genevieve) much because of the considerable health and taste benefits of cage-free eggs. Ideally (and in my own backyard), chickens who are not confined to cages get more exercise and a more balanced diet, including greens (they love blackberry and dandelion leaves). The eggs are therefore packed with good vitamins, making the yolks more orange and the shells sturdier -- whether brown, white, or pinkish.

But not all cage-free chickens are raised equally.