Indonesia is encouraging domestic cattle ranchers to import breeding cows, targeting 400,000 head in 2025, to supply meat and milk for the government's free school meals program, the agriculture ministry said on Wednesday.
Indonesian government tells ranchers to import cattle for school meals program
Prairie forecast: Battle between warm and cold
Forecast issued January 8, covering January 8 to 15, 2025
For this forecast period, the weather models have been bouncing back and forth between a return to cold weather after a brief mid-week warmup or a return to the mild weather pattern we saw during much of December. The models have been slowly converging towards the milder solutions, but at this point confidence in the second half of this forecast period is low.
U.S. grains: Chicago soybeans dip on rainy Argentina forecast
Chicago soybeans ticked lower on Tuesday as expectations for rain relief in Argentina encouraged profit-taking, after drier forecasts and a softer dollar fueled gains during the previous session.
Pulse Weekly: India extends duty-free period
But two months not enough to spur price increases
Canadian yellow pea producers may have received something of a Christmas present from the Indian government late last month, as the duty-free period for India’s yellow pea imports was extended from Dec. 31 to Feb. 28.
U.S. Livestock: Cattle futures running into resistance at highs
Cattle futures at the Chicago Mercantile Exchange continued to rise Tuesday. Most active February live cattle futures ended up 0.375 cents per pound at 195.575 cents a pound. Values hit fresh highs in many months, although ideas the market was looking overbought tempered the advances.
China, lower grain prices bolster Brazil beef and chicken export prospects
Beef and chicken exports from Brazil, the world's largest supplier of both meat types, may break new records in 2025, two industry groups said on Tuesday after the release of annual trade data.
Dry weather could affect Argentina oilseed harvest: USDA attaché
Buenos Aires desk estimates differ from USDA numbers
Dry weather in Argentina could affect the country's oilseeds as harvest approaches, reported the United States Department of Agriculture attaché in Buenos Aires.
Klassen: Stronger fed market to pull up feeder complex
The Alberta fed cattle market was quoted on a live basis in the range of range of $262-$265/cwt fob feedlot last week. Fed cattle forward contracts for March and April delivery (Alberta) were quoted from $270 to $272/cwt. Compared to last week of November 2024, fed prices are up $20/cwt on average.
China rapeseed meal futures slide after Trudeau announces plans to resign
China's rapeseed meal futures fell to a three-week low on Tuesday after Canadian Prime Minister Justin Trudeau's plans to resign sparked hope that trade tensions between Beijing and Ottawa will soften.
U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather
Chicago Board of Trade corn futures Cv1 on Monday surged to a more than six-month high amid growing concern over dry conditions in Argentina, market analysts said.
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