JBS to open six new slaughterhouses in Brazil

sao paulo / reuters / Brazil’s JBS SA, the world’s biggest integrated meat producer, will open six new slaughterhouses that will increase beef production capacity in the coming months in Brazil by 15 per cent. The new plants will add processing capacity of 1.2 million head of cattle by July 2013, and eventually up to

Manitoba oat prices near historic highs

Cash bids for oats in Manitoba have soared to a level near historic highs, industry officials said. Some Manitoba oat farmers were receiving up to $4 per bushel as of Oct. 22, Warren Alexander, a commodity trader with Emerson Milling, in Emerson said. “This price level, historically, seems to be the high,” he said. “Prices


Low cattle placements buoy cattle futures early this week

Low cattle placements buoy cattle futures early this week U.S. live cattle futures closed higher on Monday following Friday’s U.S. Department of Agriculture’s (USDA) cattle-on-feed report that showed cattle placed in feedlots in September at a 16-year low, analysts and traders said. Feeder cattle futures were lower on waning demand for young cattle due to

CME Group buys Kansas City exchange, heading off rival ICE

Reuters / CME Group is buying the Kansas City Board of Trade for $126 million in cash, cementing CME’s dominance in world grain futures markets and keeping rival IntercontinentalExchange from gaining an important foothold. It is CME’s first exchange purchase in five years since it wrapped up a buying spree that put the Chicago Mercantile





Canola prices slide as harvest begins

Weather issues continued to dominate the price patterns experienced by the oilseed markets located on the ICE Canada platform and the Chicago Board of Trade during the week ended July 27. The price movement in both resembled that of a roller-coaster with the up-and-down movement far from being over. ICE canola futures lost $36 to