Deere & Co. reported a much smaller-than-expected decline in quarterly earnings Nov. 22, after it cut costs and raised prices to compensate for sluggish demand for its agricultural and construction equipment, and its shares jumped more than 10 per cent. The company forecast revenue for the new fiscal year would fall about one per cent
Deere earnings beat estimates but outlook downbeat
Global farm recession blamed for ongoing challenges but losses were smaller than predicted
Deere challenges U.S. federal block on Precision Planting bid
Reuters — Deere and Co. said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed on Wednesday to the U.S. Department of Justice’s lawsuit to block the acquisition. Deere announced its planned acquisition of Precision Planting in November 2015, for
John Deere to acquire European farm equipment maker Monosem
Reuters – Deere & Co. shares rose about 2 per cent on Monday after the company said it plans to acquire Monosem, a European family-owned farm equipment manufacturer that specializes in “precision planters” designed to increase crop production. Deere would not comment on the transaction’s financial details or Monosem’s revenues, but it does expect the
U.S. livestock: CME live cattle down on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Tuesday on profit-taking, traders said. The U.S. government’s monthly cattle on feed report pressured CME live cattle Friday afternoon, and the market retained a weak tone on Tuesday. The focus has shifted from last week’s cattle on feed report to this week’s cash
U.S. livestock: CME live cattle futures end down, hogs up
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed lower on Monday pressured by concerns about consumer demand and a seasonal uptick in supply, while last week’s higher cash trade limited losses, analysts and traders said. April closed 0.575 cent per pound lower at 162.45 cents and June closed 1.625 cents/lb. lower at 151.75
U.S. livestock: CME live cattle end up, hogs mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday as expectations of steady-to-higher cash trade later this week lifted futures, traders said. April closed 1.225 cents per pound higher at 163.025 cents and June closed 1.15 cents/lb. higher at 153.375 cents (all figures US$). “The market is anticipating better cash cattle
U.S. livestock: CME live cattle futures mixed
Chicago | Reuters –– Chicago Mercantile Exchange front-month live cattle closed higher on Wednesday, supported by the anticipation of steady to higher cash trade later this week, traders said. April closed 0.5 cents per pound higher at 161.825 cents and June closed 0.05 cent lower at 152.275 cents (all figures US$). Last week, cash cattle
U.S. livestock: CME lean hogs edge up, live cattle end lower
Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended slightly higher on Monday, ending a seven-day losing streak, supported by stronger wholesale pork product prices while cash hog prices weighed, traders said. April closed just 0.1 cent per pound higher at 62.2 cents, while May ended unchanged at 71.425 cents (all figures US$). Monday
U.S. livestock: CME live cattle end lower
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended lower on Monday on fund liquidation and bearish fundamentals, traders said. December ended down 0.075 cent per pound at 161.975 cents and February ended 0.425 cent/lb. lower at 161.75 cents (all figures US$). Even though the overall supply of U.S. cattle is the lowest
U.S. livestock: CME feeder cattle, lean hogs end lower
Chicago | Reuters — CME live cattle ended lower Friday as fund selling and weak cash cattle prices weighed, traders said. Lower U.S. stocks and weak crude oil also pressured the overall livestock futures market, said Lane Broadbent of KIS Futures. “We are in a tough time of the year as far as beef demand
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