China’s Agriculture Ministry will promote intercropping of soybeans with corn on more than one million hectares of land this year, seeking to boost output of the oilseed without reducing production of corn. China, the world’s top soybean importer, said late last year that increasing its output of the oilseed was a political priority, but it
China to promote soy, corn intercropping
Germany plans state animal welfare label on meat in shops
Germany’s new government plans this year to introduce proposals for a state system to label meat in shops produced with improved animal welfare, German Agriculture Minister Cem Oezdemir said. The proposal is part of the coalition agreement for Germany’s new government which took office in December involving the Social Democratic, Green and Liberal parties. A
CN names new CEO, easing tussle with investor
Former CP executive Tracy Robinson returns to rail
Reuters — Canadian National Railway on Tuesday named industry veteran Tracy Robinson as its new chief executive officer, soothing a months-long tussle with its second-largest shareholder over leadership at the railroad operator. Robinson will replace Jean-Jacques Ruest, who announced his decision to step down from the role in October following investor demands for his exit
Brazil’s BRF, Saudi fund set up poultry joint venture
Brazilian chicken and pork processor BRF SA signed a memorandum of understanding with Saudi Arabia’s sovereign fund to create a joint venture to make poultry products in the Middle Eastern country, it said Jan. 13. BRF said in a securities filing it will hold a 70 per cent stake in the joint venture, while Saudi
China to produce 40 per cent more soybeans by 2025
China said it would raise domestic soybean output sharply in the next four years, in a drive to boost self-sufficiency in supply of the oilseed, according to an official document released on Jan. 13. The country has set a goal to produce about 23 million tonnes of soybeans by end of 2025, up 40 per
U.S. livestock: Hog futures surge to highest in over three months
U.S. cattle counts up from last year
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose 1.5 per cent on Friday to hit their highest since mid-October, extending a rally on technical buying. Traders remained focused on the slaughter rate as COVID-19 disruptions have caused slowdowns at meat processors throughout the month. “The industry still isn’t functioning normally, though the processing
U.S. livestock: Hog futures touch highest since mid-October
CME cattle futures down on day
Chicago | Reuters — Chicago Mercantile Exchange hog futures jumped to their highest in more than three months on Thursday, supported by strength in the cash markets, traders said. Most actively traded February lean hogs rose 2.625 cents, to 84.925 cents/lb. (all figures US$). The front-month contract closed just below its session peak of 84.975
U.S. livestock: Cattle and hog futures firm
Meat supplies remain tight
Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures rose on Wednesday, with tight supplies supporting prices after a slowdown in the pace of slaughter. Most actively traded February lean hogs rose 0.7 cent, to 82.3 cents/lb. Hog futures have risen for three days in a row, their longest streak of gains
U.S. livestock: CME cattle futures weak
Hog futures firm
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, with mild profit-taking noted after rallying in three of the previous four sessions. Hog futures were firmer, extending their rebound from the five-week low hit last week. Most actively traded February lean hogs rose 0.7 cent to 81.6 cents/lb. (all figures US$).
Brazil unable to unload wheat imports as tax collectors protest
Brazil has been unable to promptly unload wheat shipments at its key Santos port as agricultural tax collectors work to rule in a campaign for higher wages, local association Abitrigo said on Jan. 6. Abitrigo’s head Rubens Barbosa told Reuters that so far two vessels carrying imported wheat had their unloading operations delayed due to