Reading Time: 2 minutes Chicago | Reuters — CME Group feeder cattle futures rose on Friday, bolstered by falling corn futures. March feeder cattle gained five cents to settle at 144.15 cents, adding 9.575 cents for the week — a 7.1 per cent gain as corn fell 5.8 per cent, its biggest drop since the week ending March 20, […] Read more
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U.S. livestock: Feeder cattle gain from falling feed prices
Live cattle, lean hog futures also up
U.S. livestock: Live cattle climb ahead of USDA report
Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle futures gained on Thursday ahead of a closely watched monthly Cattle on Feed report, due out on Friday from the U.S. Agriculture Department. Traders anticipate the report will show fewer cattle heading into feedlots, as recent rallies in the grain market have increased feed costs. “The incentive, […] Read more
Investor nominates directors for Corteva, aims to oust CEO
Reading Time: 2 minutes Reuters — Activist investor Starboard Value LP said on Thursday it has nominated eight directors to the board of Corteva, seeking to oust its chief executive officer and take control of the pesticide and seed maker. Starboard, in its letter to Corteva’s chairman, said it had identified someone new for the top job, but declined […] Read more
U.S. livestock: Lean hogs climb on falling grain futures
April live cattle close lower
Reading Time: 2 minutes Chicago | Reuters — CME Group lean hog futures climbed Wednesday, supported by lower feed grain futures and expectations the U.S. herd will shrink moving into the spring, traders said. CME’s most-active April lean hogs added 1.65 cents to close at 73.075 cents/lb., while the spot February contract strengthened 1.95 cents to end at 68.425 […] Read more
U.S. livestock: Cattle futures strengthen ahead of USDA report
CME lean hogs dip nearer cash index level
Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle futures gained on Tuesday as traders began positioning ahead of Friday’s monthly Cattle on Feed report from the U.S. Department of Agriculture, traders said. Feeder cattle futures also rose, supported by weaker feed grain futures. Lean hog futures declined after gaining on Friday as futures look to […] Read more
China’s 2020 corn, wheat imports reach record highs
Reading Time: < 1 minute Beijing | Reuters — China’s grains imports soared to record highs in 2020, customs data showed on Monday, after tight domestic corn supplies pushed prices to multi-year peaks, driving demand for cheaper imports. China, the world’s top agricultural market, bought a record 11.3 million tonnes of imported corn last year, including 2.25 million tonnes in […] Read more
France backs non-GMO regulation for crop gene-editing in EU
Reading Time: < 1 minute Paris | Reuters — France sees crops developed using gene-editing techniques as different to genetically modified organisms (GMOs) and opposes a European Union court decision to put them under strict GMO regulations, the country’s agriculture minister said. The European Court of Justice (ECJ) ruled in 2018 that mutagenesis, among so-called new breeding techniques (NBT) based […] Read more
USDA unveils more COVID-19 aid, mostly for livestock farmers
Funds earmarked for farmers under contract
Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture said on Friday it will pay an additional US$2.3 billion in COVID-19 aid to farmers, directing more money to livestock producers suffering from disruptions in slaughtering and restaurant demand for meat. The aid, which comes from money allocated to USDA from previous pandemic stimulus legislation, follows […] Read more
U.S. livestock: Hog, cattle futures rise on bargain buying
Reading Time: < 1 minute Chicago | Reuters — CME live cattle futures rose on Friday on some bargain buying but still posted their first weekly loss in five weeks, traders said. Bargain buying also supported hog futures, which had posted lower closes in seven of the previous eight sessions. Signs of weakness in the cash markets kept a lid […] Read more
U.S. livestock: Cattle, hog futures fall as corn rises
U.S. beef, pork export sales both up on week
Reading Time: < 1 minute Chicago | Reuters — CME feeder cattle futures fell on Thursday, retreating back toward a three-month low on prospects for increased input costs for livestock operators due to surging corn prices. “It is the rising feed costs,” said Alan Brugler, president of Brugler Marketing + Management. “With the corn being up another 10 cents today, […] Read more
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