Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased slightly on Thursday, after rising to their highest in more than three months on Wednesday. CME August live cattle futures LCQ2 settled 0.2 cents lower at 137.7 cents per lb and most-active October LCV2 also ended slightly lower than Wednesday at 143.7 cents. September feeder cattle futures FCU2 were little
U.S. livestock markets: Live cattle futures little changed after Wednesday high
U.S. grains: Wheat rebounds from 6-month low; corn and soy also climb
Chicago | Reuters – Chicago wheat futures rose sharply on Thursday, rebounding from the prior session’s six-month low, buoyed by a weak dollar and talk of a pick-up in demand following the recent decline in prices. Corn prices also regained ground after falling earlier in the week while soybeans rose sharply. The most-active wheat contract
China summer wheat output rises one per cent on extra acreage, yields
China’s summer wheat output rose one per cent this year, boosted by additional acreage in a traditional cotton-growing region and higher yields, said official data released July 14. Summer wheat output in the world’s top wheat grower reached 135.76 million tonnes in 2022, the National Statistics Bureau said, helped by a 0.7 per cent increase
Strategie Grains cuts all EU grain crop estimates
Consultancy Strategie Grains on July 14 cut all its forecasts for this year’s grain crops in the European Union, as it fine-tuned wheat and barley estimates and factored dry weather that threatens maize production. The EU wheat crop was expected to yield 123.3 million tonnes, down from 124.4 million projected in June and below the
Cargill, Continental close U.S. chicken deal
Washington | Reuters — Cargill and Continental Grain said on Friday that they had closed their deal to buy Sanderson Farms, the third largest chicken producer, in a deal worth some US$4.53 billion. Under the deal, which was announced last August, Sanderson is being combined with Continental Grain subsidiary Wayne Farms. Sanderson will cease trading
Indonesia’s foot-and-mouth outbreak prompts international measures
'Viral fragments' detected in meats brought into Australia
Reuters — Australia and New Zealand say they’ve stepped up protections against foot-and-mouth disease (FMD) at their international airports following an outbreak of the disease in Indonesia. Travellers arriving in Australia from Indonesia will now be asked to walk across sanitation foot mats at airports, the latest measure to ramp up Australia’s biosecurity measures, the
Nutrien buys expanded ag retail presence in Brazil
Reuters — Top fertilizer maker Nutrien on Wednesday agreed to acquire Casa do Adubo S.A., as part of its ambitions to expand its Brazilian retail business. The deal marks Nutrien’s sixth acquisition in Brazil since 2019, when it set a strategic goal to build its market share in a country that is vital to feeding
More than 200 people die as drought ravages northeast Uganda
Kampala | Reuters — More than 200 people have died from hunger this month in northeastern Uganda, where a prolonged drought and rampant insecurity have left more than half a million facing starvation, a local official and a charity worker said. Inhabited by nomadic pastoralists, the semi-arid and remote Karamoja region on the border with
Ukraine harvests first million tonnes of 2022 grain, farm ministry says
Invasion reduced sowing area for the season by 25 per cent
Ukrainian farmers have threshed the first million tonnes of grain of the 2022 grain harvest from about three per cent of the sowing area, the Ukrainian agriculture ministry said July 8. The ministry said farmers had harvested 1.1 million tonnes of grain from 417,300 hectares with the average yield of 2.63 tonnes per hectare. Ministry data showed
U.S. livestock: Cattle futures weak, hogs slightly higher
Futures gain on the week
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell for the second day in a row on Friday, with expectations that supplies will outstrip demand in the coming months. The most-active August live cattle futures dropped 0.475 cent to settle at 134.925 cents/lb. (all figures US$). The contract fell below its 10-day moving average