Chicago | Reuters — Chicago Board of Trade corn futures hit a six-week low on Thursday as the U.S. government projected farmers will plant more acres this year and prices will decline, analysts said. The U.S. Department of Agriculture, at its annual Agricultural Outlook Forum, pegged 2023 corn plantings at 91 million acres, up from
U.S. grains: Corn futures hit six-week low on projected plantings
Corn, soy, wheat prices to drop from 2022, USDA predicts
Tyson Foods ‘hit in the mouth’ on meat supplies, CEO says
Reuters – Tyson Foods took a “hit in the mouth” as larger-than-expected beef and pork supplies weakened demand for its chicken, executives said February 6, as the meatpacker missed Wall Street estimates for quarterly profit. The company’s primary markets — beef, pork and chicken — went the opposite direction from what executives had planned and
U.S. beef cow herd falls to lowest level since 1962, USDA says
Last year saw record cull, Rabobank reports
Chicago | Reuters — The U.S. beef cow herd dropped to its lowest level since 1962, U.S. Department of Agriculture data showed on Tuesday, after a severe drought raised costs for livestock feed. Ranchers increasingly sent cows to slaughter last year, instead of keeping them to reproduce, as dry weather reduced the amount of pasture
The dawn of hybrid wheat
U.S. farmers gain access to new technology as war, climate threaten global food supplies
Global seed maker Syngenta plans to release a new type of wheat developed with complex cross-breeding techniques in the United States next year, beating out rival companies that are also trying to develop higher yielding wheat at a time of diminishing global grain supplies. The hybrid wheat, which combines positive traits from two parent plants,
How hybrid wheat could lead to more food without GMO fears
Reuters – American farmers are gaining access to a new type of wheat developed by agrichemical giant Syngenta without genetic engineering, as the world’s biggest seed companies seek to boost yields amid dwindling supplies of grain. Chinese-owned Syngenta is releasing hybrid wheat on 5,000 to 7,000 acres next year, a fraction of total U.S. plantings,
U.S. grains: Wheat posts biggest weekly loss in six months
Soybeans, soymeal rally on Argentina drought
Chicago | Reuters — Chicago Board of Trade wheat futures weakened on Friday and posted their biggest weekly decline in six months as ample supplies from the Black Sea region weighed on prices, analysts said. Soybean and soymeal futures rallied amid increasing concerns about drought hurting crops in Argentina, the world’s leading exporter of processed
U.S. livestock: CME lean hogs extend slide to three-month low
Cattle also lower; "no urgency in this market right now"
Chicago | Reuters — CME lean hog futures sank to a three-month low and closed weaker for the seventh consecutive session on Friday on concerns about weak demand, brokers said. An increase in hog weights also hung over the market, after recent winter storms delayed processing and backed up livestock on farms, brokers said. Pork
U.S. grains: Wheat up off nearly four-week low
Corn, soy futures set two-week lows
Chicago | Reuters — Chicago Board of Trade wheat futures turned higher on short-covering and bargain buying on Thursday after dropping to their lowest price in almost four weeks, analysts said. Corn and soybeans set two-week lows as concerns about demand and economic headwinds, including the impact of surging COVID-19 cases in China, continued to
U.S. livestock: CME lean hogs touch three-week low
Most live cattle futures settle lower
Chicago | Reuters — CME lean hog futures set a three-week low on Thursday, under pressure from losses in broader markets and following recent weakness in cash hog prices, analysts said. Feeder cattle futures also ended lower as the market pulled back one day after hitting a September high. Livestock markets took signals from a
U.S. livestock: CME hogs weaken, cattle rise as winter storms hit
Hogs touch lowest since Dec. 16
Chicago | Reuters — CME lean hog futures fell to their lowest price in more than two weeks on Wednesday and live cattle futures strengthened as snowstorms continued to disrupt livestock operations. Feeder cattle futures reached their highest price since September. Wintry weather in the northern U.S. Plains has delayed livestock shipments, reduced cattle weights
Cyber-Savvy Farmer
