"We are feeling the
fallout of those
decisions that were
made in 2020, and we’ll
continue to do so until
we see a new normal
develop.”

Meat industry hits hard times

Inflation, high interest rates and high input costs are catching up to sector

The meat industry, particularly pork, is facing tough times as inflation catches up with demand. There’s been a torrent of bad news in the meat sector in the last two months. Tyson Foods reported its first quarterly loss since 2009; HyLife’s processing plant in Windom, Minn., declared bankruptcy; Smithfield Foods is closing 40 sow farms



GRAINS-Corn falls on forecasts of ideal harvest weather

SYDNEY, Oct 21 (Reuters) – U.S. corn futures fell on Tuesday as forecasts for dry weather fuelled expectations that harvesting would progress rapidly. FUNDAMENTALS * Chicago Board of Trade front-month corn fell 0.22 percent to $3.47-1/2 a bushel, having gained 0.1 percent in the previous session. * Front-month soybeans were unchanged at $9.44-1/4 a bushel,










U.S. Cash Grains-Corn basis eases as harvest advances

Oct 16 (Reuters) – Cash basis bids for corn weakened in the U.S. Midwest on Thursday as farmers prepared to speed up the pace of harvest after rain-related delays, grain merchants said. * Cash basis bids for soybeans held mostly steady. * Forecasts for warmer, drier weather in the Corn Belt fueled expectations that harvests