Chicago | Reuters – Lean hog futures stormed to contract highs at the Chicago Mercantile Exchange on Friday as smaller-than-expected U.S. inventory numbers stoked concerns about supplies, analysts said. The nation’s inventory on September 1 was 74.5 million head, down 1.3 per cent from a year earlier, the U.S. Department of Agriculture said in a […] Read more
U.S. livestock: Hog futures hit contract highs on shock herd decline
U.S. grains: Soy futures end up but notch weekly loss after China buys Argentina crops
Chicago Board of Trade soybean futures finished slightly higher on Friday but posted a second weekly loss after China made large purchases of Argentine cargoes this week, snubbing U.S. supplies.
U.S. criticizes Mexico’s handling of screwworm near border
U.S. Agriculture Secretary Brooke Rollins on Thursday said Mexico has not adequately enacted protocols to curb the spread of New World screwworm.
U.S. grains: Soybean futures edge up as Argentina ends export tax waiver
Chicago | Reuters – Chicago Board of Trade soybean futures ended slightly higher on Thursday as Argentina reinstated export taxes on grains after a suspension increased competition for sales on the global market. Corn futures also crawled higher as traders monitored reports from early U.S. harvesting, while wheat futures jumped in a recovery from contract […] Read more
U.S. livestock: Hog futures hit contract high, herd falls short of estimates
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures set a contract high on Thursday as strong cash prices supported the market, analysts said. After the trading session ended, the U.S. Department of Agriculture said in a quarterly report the nation’s inventory of hogs and pigs on September 1 was 74.5 million head, down […] Read more
USDA plan to rebuild beef herd will not include producer payments, says farm secretary
The U.S. Department of Agriculture is developing a plan to revitalize the decimated U.S. beef herd, but will not offer payments to producers, Agriculture Secretary Brooke Rollins said on Thursday.
Canada to boost Indonesia exports to diversify non-U.S. trade, says minister
Canada aims to establish duty-free access for up to 95 per cent of its exports to Indonesia over the next eight to 12 months, International Trade Minister Maninder Sidhu said, after signing a trade agreement with one of Southeast Asia’s biggest markets and a major importer of Canadian wheat.
U.S. livestock: Live cattle drop as beef prices, packer margins erode
Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on Wednesday on long liquidation by funds and as sinking beef prices and eroding packer margins weighed on the market. Feeder cattle futures also retreated in a technical correction after four consecutive sessions of gains that were fueled by concerns over tightening U.S. supplies. “We […] Read more
B.C. ostrich flock cull paused amid U.S. push to save them
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A flock of British Columbia ostriches set to be culled after two dead birds tested positive for avian flu has been granted a last-minute stay of execution from Canada’s highest court - for now.
U.S. grains: Soybeans near six-week low as China shuns U.S. supplies
Chicago | Reuters – U.S. soybean futures eased on Wednesday on export concerns as large sales of Argentine soy to China kept attention on the top importer’s lack of purchases from the U.S. Corn followed soybeans lower, although losses were limited by early harvest reports of smaller-than-expected yields in the heart of the Midwest Corn […] Read more
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