Photo: REUTERS/Brendan McDermid

ADM quarterly profit falls on weak crush margins, announces layoffs

Chicago | Reuters – Grains merchant Archer-Daniels-Midland ADM.N reported a drop in fourth-quarter profit on Tuesday, pressured by weak oilseed crush margins and uncertainty over U.S. biofuel policy, and said it would be laying off up to 700 employees globally this year. Chicago-based ADM said it aimed to cut costs by $500 million to $750 […] Read more











Photo: jjmiller11/iStock/Getty Images Plus

U.S. livestock: Cattle futures bounce on tight supplies, firm cash markets

Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures rebounded on Tuesday from prior-session declines, continuing a recent climb sparked by tight cattle supplies and firm cash market prices. Recent strength in wholesale beef prices also encouraged continued buying despite a seasonal tendency for the market to decline after the Thanksgiving holiday […] Read more