Chicago | Reuters – Chicago Board of Trade wheat futures stabilized on Wednesday as traders adjusted positions ahead of a U.S. government crop report, a day after prices jumped on concerns about tightening global inventories. The U.S. Department of Agriculture is set to issue an update on global grain supplies and demand in a monthly report on
U.S. grains: CBOT wheat stabilizes after rally as traders await U.S. crop data
Bunge lifts profit outlook as food and fuel demand for vegetable oil grows
Food and fuel demand for vegetable oil is driving numbers
U.S. agricultural commodities trader Bunge Ltd. raised its full-year adjusted profit outlook on July 28 after stronger-than-expected food and renewable fuel demand for its vegetable oils drove a 41 per cent jump in quarterly income. Shares jumped three per cent in morning trading after the company projected full-year 2021 adjusted income of at least $8.50
Dominican Republic restricts pig shipments after ASF confirmed
Reuters – The Dominican Republic is restricting pig shipments and mobilizing the military to contain the spread of African swine fever (ASF), the agriculture ministry said July 29, as the United States and Mexico tightened border checks to avoid infections. In an official statement July 29, Canadian Food Inspection Agency (CFIA) also said it was
Pet food shortages leave owners on the hunt for kibble
Chicago | Reuters – Black short-haired kitty Astra, one of millions of pets acquired during the COVID-19 pandemic last year, had to go without salmon-flavored Whiskas treats that were sold out at stores in New Orleans this month. Loki, an Alaskan malamute dog in Ontario, Canada, did not have his usual Royal Canin kibble in
African swine fever confirmed in Dominican Republic pigs: USDA
Chicago | Reuters – The U.S. Department of Agriculture confirmed the deadly hog virus African swine fever in samples from pigs in the Dominican Republic, the agency said on Wednesday, fuelling concerns about the disease creeping closer to the United States. The positive tests represent the first detection of the disease in the Americas in about 40
ADM quarterly profit surges amid strong U.S. corn exports to China
Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up
U.S. livestock: Profit-taking drags down CME livestock futures
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Tuesday after rising to their highest price in more than three weeks, while feeder cattle pulled back from contract highs on Monday. Lean hog futures also weakened as traders took money off the table after recent gains. Traders said profit-taking hit cattle markets
U.S. livestock: CME live cattle top three-week high; feeder cattle set contract high
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures topped a three-week high on Monday on expectations that supplies will tighten in the coming months, while feeder cattle set a contract high, traders said. The U.S. Department of Agriculture, in a monthly report issued after the markets closed on Friday, said 1.67 million cattle were
Smithfield Foods stops slaughtering pigs at U.S. hometown plant
Reuters – Smithfield Foods, the world’s largest pork processor, has stopped slaughtering pigs in the United States’ so-called ham capital, where the company was founded 85 years ago. The end of slaughtering in Smithfield, Virginia, is the latest reconfiguration for the company’s namesake plant and follows a months-long internal review of its East Coast operations,
U.S. livestock: Hog futures rise as pork production estimates cut
Feeder cattle down on rising grain values
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Monday as the U.S. Department of Agriculture reduced its domestic pork production estimates for this year and next year. The USDA cut its production estimates because of reduced expectations for commercial hog slaughtering in the second half of the year, according to a