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News, Oilseeds

Argentine Farmers End Strike, Vow To Fight Soy Tax

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Argentine farmers wrapped up a week-long strike March 27, vowing to lobby Congress to cut the soy export taxes that have fuelled a bitter year-long conflict with the government. Farmers in the agricultural powerhouse halted sales of soybeans, other crops and livestock for seven days, bringing local grains and cattle markets to a standstill and
Crops

Russian President Endorses State Grain Trader

Russia’s President Dmitry Medvedev has signed a decree endorsing the establishment of United Grain Company, a wholly state-owned grain trader, the Kremlin said March 23. The new company is being created to raise domestic grain purchases and sales and export volumes, as well as to upgrade and build elevators and port terminals, the decree published
Beef cattle, Country Crossroads, Livestock

Commodities Down But Food Prices Lag

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“It’s not likely we’re going to be reducing prices in the near term.” – DOUGLAS CONANT, CAMPBELL CEO Commodity costs may be off their record highs and consumers may be struggling, but that doesn’t mean food manufacturers are about to slash prices. Many companies such as Campbell Soup Co. and Hormel Foods Corp. are still
News

In Brief… – for Mar. 26, 2009

Food for work: Bangladesh will sell cheaper rice to millions of garment workers because the country’s prime export industry has been hit by the global economic downturn, a government minister said March 18. The country’s textile industry – which employs 2.5 million, mostly women, workers – requested a bailout as competition in global markets increases.
Cereals, News, Oilseeds

Consumers Still Fret About Grain Prices

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Uncertainty over U. S. spring plantings of corn and soybeans and recent weakness in the dollar have brought a resurgence in grain prices that spells fresh headaches for consumers and food makers this year. The commodities, at the base of a food chain that feeds into hundreds of supermarket products, from oils to starches to
News

Groups Discuss World Grain Reserve

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Setting up a world grain reserve is a realistic option that would reduce the risk of food shortages and shield farmers from big price shocks, a senior official with the U. S. National Farmers Union said March 19. The proposal to create global cereal stocks topped the agenda of a meeting of farmers’ unions from
Beef cattle, Hogs, News

Troubles Not Over For U. S. Meat Firms

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U. S. meat companies can expect a few more months of financial pressure as they work through supplies of high-priced feed and deal with soft demand for beef, chicken and pork amid a global recession, credit analysts said March 17. Feed costs have come down and meat production is being reduced, which has raised optimism
Beef cattle, Livestock

U. S. Ranchers Eye More EU Access For Beef

U. S. ranchers who raise cattle without growth hormones may gain more access to European markets if the United States and European Union settle a beef trade dispute that has lasted more than 20 years, a U. S. industry spokesman said March 16. But the size of the additional market access has not been determined,
Livestock, News

Texas Feeder Says U. S. Cattle Herd May Shrink Further

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The U. S. cattle herd may shr ink further from its current 50-year low before it starts to recover from the effects of recession, poor credit markets and in some places searing drought, a top cattleman said March 19. “It could shrink further, I think it can absolutely shrink,” said Jon Means, president of the
News, Oilseeds

Food/Fuel Debate May Come Off Back Burner

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“But it (biofuel) is still a very significant demand source for the feed grains and… it is likely to increase with the U. S. government looking to increase their ethanol-blending mandates” – DOUG WHITEHEAD, COMMODITY ANALYST The steep drop in energy prices from last year’s peaks has cooled the food-versus-fuel debate for the moment, but

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