Chicago | Reuters — CME Group said Thursday it plans to increase daily trading limits for its lean hog futures in April, then adjust them annually because of heightened volatility linked to the outbreak of a fatal pig disease in China. The spread of African swine fever in China, the world’s biggest pork consumer, has
CME to raise hog futures trading limits as swine fever fuels volatility
New daily limit of 3.75 U.S. cents proposed for mid-April
Coronavirus disrupts China meat imports, food supplies
Swine fever has created pork shortage
Chicago | Reuters — Coronavirus is disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease, Tyson Foods Inc and U.S. agricultural groups said on Thursday. An outbreak of African swine fever, which infects only pigs, has decimated China’s herd, pushing Chinese pork prices to
Corteva to stop making Lorsban
Chicago | Reuters — Corteva will stop producing the agricultural pesticide chlorpyrifos by the end of the year, the company said on Thursday, removing the world’s largest manufacturer of a chemical that has been linked to low birth weight, reduced IQ and attention disorders in children. Corteva, spun off last year after a merger of
U.S. Agriculture Secretary Perdue uncertain on coronavirus effects
U.S. ag secretary unsure if coronavirus will slow China’s farm imports
U.S. Agriculture Secretary Sonny Perdue said January 29 he does not know whether China’s coronavirus outbreak will upset Beijing’s pledge to radically increase purchases of American farm goods as part of the countries’ recent trade deal. The virus has cast further doubt on China’s ability to buy US$36.5 billion of U.S. agricultural goods in 2020.
African swine fever poses global threat
Disease that killed millions of China’s pigs is prompting worry and planning around the world
Bettie the beagle, a detector dog for U.S. Customs and Border Protection, picked up the scent of pork on a woman arriving from China at Chicago’s O’Hare International Airport. Soon the dog’s handler discovered and confiscated a ham sandwich in the purse of a passenger who had flown on a China Eastern Airlines flight from
U.S. EPA reaffirms glyphosate does not cause cancer
Chicago | Reuters — The U.S. Environmental Protection Agency said on Thursday it finished a regulatory review that found glyphosate, the most widely used herbicide in the United States, is not a carcinogen. The conclusion reaffirms the agency’s stance on glyphosate, the key ingredient in Bayer’s Roundup, despite judgments by U.S. juries that have found
U.S. livestock: Hogs limit down to contract lows
Chicago | Reuters — U.S. hog futures sank by their daily trading limit to contract lows on Thursday under pressure from hefty supplies and fears about the spreading coronavirus outbreak. Cattle futures also hit multi-month lows. U.S. hog supplies are large after farmers expanded their herds to supply new processing plants. But traders are now
U.S. grains: Soybeans set eight-month low
Chicago | Reuters — U.S. soybean futures fell for an eighth consecutive session on Thursday and hit an eight-month low as the rising toll from the coronavirus outbreak in China added to concerns about Chinese demand for American crops. Wheat also eased and set a three-week low on the Chicago Board of Trade as the
U.S. grains: Soybeans hit six-week low as China virus sparks selling
Chicago | Reuters — U.S. soybean futures sank to their lowest level in more than six weeks on Friday as fears over the coronavirus spreading from China triggered broad-based selling. Corn and wheat futures also weakened as the U.S. Centers for Disease Control and Prevention confirmed a second U.S. case of the new virus in
U.S. livestock: Cattle set multi-month lows as virus fears hit markets
Chicago | Reuters — U.S. live and feeder cattle futures touched their lowest prices in months on Friday as traders booked profits amid fears about the spread of a new virus from China. Broad selling also hit hog futures, along with equities and crude oil as investors moved into safe-haven assets. Developments in the spread
Cyber-Savvy Farmer
