Chicago | Reuters — Chicago Mercantile exchange cattle futures extended gains on Wednesday on follow-through technical buying after rallying in the previous two sessions. Tight supplies remained in focus as the front-month feeder cattle contract hit its highest on a continuous basis since November 2015. “Big picture, the U.S. Agriculture Department still has sharply reduced
U.S. livestock: CME feeder cattle rally to highest since November 2015
August live cattle, lean hogs also up
Brazil’s dry weather boosts second corn harvest
Hotter and drier weather in key Brazilian corn growing areas gave a boost to harvesting work, especially in Brazil’s top grain state Mato Grosso, according to a survey by AgRural released June 27. The agribusiness consultancy said 20.3 per cent of the area cultivated with second corn was harvested in the center-south of the country
Hungary flags heat-damaged 2022 grains outlook
Hungary’s 2022 grains crop prospects have been “substantially damaged” by extreme hot weather and a lack of rainfall, state news agency MTI reported Agriculture Minister Istvan Nagy as saying June 28. The heatwave has also prompted an earlier than usual start to the nation’s grain harvest, he said. Hungary, one of eastern Europe’s top grain
Greece offers ships to export grain from blocked Ukrainian ports, NATO says
Commercial maritime superpower says it has “special role” to play in effort
Greece is willing to provide ships to help export grain from Ukraine’s Black Sea ports that have been blocked by Russia, NATO Secretary-General Jens Stoltenberg said June 29. Ukraine is one of the top global wheat suppliers, but shipments have been halted by Russia’s invasion, causing global food shortages. The United Nations has appealed to
Marcos vows to boost Philippines’ grains output
New president/ag min aims to avert food crisis
Manila | Reuters — Philippine President Ferdinand Marcos Jr. vowed Monday to do what it takes to boost his country’s rice and corn production, seeking to reduce reliance on imports and avoid being hit hard by a food crisis now looming across the world. Marcos, who was sworn in as president last week and has
CUSMA leaders to discuss agreement during Mexico visit
Mexico City | Reuters — U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau will discuss terms of the Canada-U.S.-Mexico (CUSMA) agreement, which was ratified in 2018, during a visit to Mexico, Mexican President Andres Manuel Lopez Obrador said Monday. “We’ll have a summit to discuss terms of the trade agreement treaty… in Mexico,”
Ukraine poultry giant MHP warns on export challenges
Ukrainian chicken and grains processor MHP, the country’s top food producer, warned on June 17 that it could not give an outlook for the year due to the war with Russia and challenges exporting goods. The company, which usually produces tens of thousands of tonnes of meat, wheat and vegetable oil every month, said poultry
China hit by rare convergence of rainfall, heat waves and a tornado
China was hit the week of June 12 by a rare convergence of record rainfall, heat waves, and a tornado in the southern mega-city of Guangzhou, displacing millions of people, damaging properties and swamping farmland, with more storms and floods on the way at press time. Southern China is expected to see torrential rain until
France lifts bird flu restrictions
France’s Farm Ministry said June 7 it would remove bird flu-related restrictions on poultry farming across the country, citing a halt in outbreaks after the worst-ever crisis of the highly contagious virus led to the culling of 16 million birds. The European Union’s second-largest poultry producer had eased restrictions, including keeping birds inside, in much
Turkish team to discuss Black Sea grain corridor in Russia this week
Turkey proposes to monitor safe passage
Ankara | Reuters — Ankara’s military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday. Russia’s TASS agency confirmed plans for the talks, citing Kremlin spokesman Dmitry Peskov. Russia’s Feb. 24 invasion of Ukraine