To the relief of livestock producers, soybean meal prices have started to soften. At the end of May, a harami alerted producers to a downturn in the meal market. A […] Read more
Markets/Business
Drozd: Livestock producers look ahead to lower meal costs
U.S. grains: New-crop corn sets new contract low on ideal weather
Chicago | Reuters — U.S. new-crop corn futures fell to a new contract low below US$4 a bushel on Wednesday as forecasts for nearly ideal crop weather raised expectations for […] Read more
BLT costs harder to swallow with U.S. pig virus, drought
Chicago | Reuters — The cost to produce a BLT, America’s favorite summer sandwich, hit a record high of US$1.65 in May and will continue to take a bigger bite […] Read more
Roosters’ fertility problem hits U.S. chicken supply
Reuters — The world’s largest chicken breeder has discovered a key breed of rooster has a genetic issue reducing its fertility, adding to problems constraining U.S. poultry production and raising […] Read more
More room to downside for falling wheat futures
CNS Canada — U.S. wheat futures have posted large losses over the past two months, but could be headed lower still as the winter wheat harvest moves northward and the […] Read more
Agropur to buy Safeway dairy plants in West
Dairy co-operative giant Agropur is set to build its milk muscle in Western Canada with a $356 million play for Sobeys’ former Canada Safeway milk processing plants. Quebec-based Agropur and […] Read more
U.S. grains: Soybeans fall for seventh day, corn dips as crops thrive
Chicago | Reuters –– U.S. soybean futures fell for the seventh straight session on Tuesday, and corn slid lower for a sixth day as favourable weather around the Midwest buoyed […] Read more
Possible Argentina debt default seen reducing corn output
Buenos Aires | Reuters –– Argentine farmers will likely sow less corn in the upcoming 2014-15 season if the government fails to stave off a new sovereign default in talks […] Read more
U.S. livestock: CME live cattle futures drop as funds roll positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday settled lower as funds rolled their positions by selling the August contract and buying deferred months, traders said. […] Read more
Grain exporters to feel price pain as shipping rates to rise
London | Reuters — An improved outlook for global bulk shipping rates spells bad news for grain exporters as they go into the latest sales campaign, with increased freight costs […] Read more
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