Chicago | Reuters — Brazilian meat packer JBS SA’s core U.S. assets, including its majority stake in Pilgrim’s Pride Corp., are not for sale, the company said on Wednesday, a day after announcing a deal to sell Argentine operations. U.S. chicken company Pilgrim’s Pride is critical to JBS’ long-term strategy of pursuing business opportunities that […] Read more
JBS says Pilgrim’s Pride stake not for sale
U.S. farm groups oppose Trump’s cuts to ag spending
Chicago | Reuters — U.S. farm groups on Tuesday pushed back against President Donald Trump’s proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday proposed $46.54 billion in cuts to federal government funding for the agriculture sector over the next 10 years, including […] Read more
CHS replaces CEO after earnings decline, Brazil exposure
Chicago | Reuters — CHS Inc., the biggest U.S. agricultural co-operative, named a new chief executive on Monday, after suffering a sharp decline in income and confirming it was a creditor of a failing Brazilian commodities trader. Minnesota-based CHS picked Jay Debertin to take over immediately for Carl Casale, who had been CEO for six […] Read more
U.S., China accelerate beef talks
Chicago | Reuters — Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing U.S. farmers to vie for business that has been lost by rival Brazil. As part of a trade deal, U.S. ranchers […] Read more
Cargill to exit U.S. cattle feeding business
Chicago | Reuters — Cargill said on Wednesday it will exit the business of feeding cattle to direct capital toward other investments, the latest transformation for the global commodity trader. Minnesota-based Cargill struck a deal to sell its last two feed yards to ethanol producer Green Plains for US$36.7 million, after selling other feedyards to […] Read more
Bird flu redirects trade flow of U.S. chicken, eggs, grains
Chicago | Reuters –– Global outbreaks of bird flu in poultry have altered the flow of U.S. chicken meat, eggs and grain around the world, adding to challenges faced by domestic exporters and giving a leg up to Brazil, which has so far escaped the disease. Different strains of avian flu have been detected across […] Read more
Minnesota finds source of Palmer amaranth on CRP land
Reuters — An invasive weed likely entered Minnesota through seed planted on land in a U.S. conservation program, state agriculture officials said on Thursday, bringing to a close an official probe of a growing threat to agricultural production. Infestations of the weed, Palmer amaranth, have affected other states in the U.S. Midwest through seed planted […] Read more
Palmer amaranth threatening U.S. corn fields
Winterset, Iowa | Reuters — A U.S. government program designed to convert farmland to wildlife habitat has triggered the spread of a fast-growing weed that threatens to strangle crops in America’s rural heartland. The weed is hard to kill and, if left unchecked, destroys as much as 91 per cent of corn on infested land, […] Read more
U.S. grains: Soy futures crumble after U.S. predicts record plantings
Chicago/Reuters – U.S. soybean futures fell to fresh five-month lows on Friday after federal crop forecasters said spring plantings would reach an all-time high above traders’ expectations. Farmers in arid Plains states, the Midwest and south are shifting to plant soybeans, instead of corn and wheat, as the crop provides one of the few bright […] Read more
Top U.S. chicken-producing state sees first case of bird flu
Chicago | Reuters — Georgia has confirmed its first-ever case of bird flu in commercial poultry, its agriculture department said on Monday, widening an outbreak of the disease into the United States’ biggest chicken meat-producing state. A flock of 18,000 chickens used for breeding was culled after testing positive for H7 bird flu, according to […] Read more