Mexico confirmed a new case of New World screwworm in Sabinas Hidalgo, Nuevo Leon, less than 70 miles (113 km) from the U.S.-Mexico border, the U.S. Department of Agriculture said.
Chinese state trading firm COFCO has bought up to nine 60,000-metric-ton cargoes of Australian canola, three trade sources told Reuters, after Beijing last month imposed preliminary anti-dumping duties on imports of the oilseed from traditional supplier Canada.
Chicago | Reuters – U.S. soybean and corn futures fell on Thursday on seasonal pressure as the harvest expanded in the heart of the Midwest and the dollar firmed, making […] Read more
Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures rose on Thursday on a tight cattle supply, though industry experts expressed doubt over consumer demand for beef […] Read more
China has called on its top hog producers to “take the lead” in cutting output, state-run Shanghai Securities News reported on Thursday, as the country battles a supply glut and sluggish consumer demand in its massive pork sector.
The Trump administration is drawing up plans to use tariff revenue to fund a program to support U.S. farmers, the Financial Times reported on Thursday, citing agriculture secretary Brooke Rollins.
Brazilian meatpacker JBS is prepared for a likely shift in the country’s cattle cycle that could lead to reduced availability of animals for slaughter next year. Brazil’s beef exports to the U.S. are expected to drop further.
Chicago | Reuters – Chicago corn and soybean futures sagged on Wednesday, retreating from multi-week highs on profit-taking and an uptick in the dollar, while a drop in soyoil futures […] Read more
General Mills maintained its annual sales and profit forecasts on Wednesday, as the Cheerios maker grapples with rising economic uncertainty and softer demand in key markets, including North America.
Chicago | Reuters – Chicago Board of Trade corn futures hit their highest in more than two months on Tuesday, buoyed by a weaker dollar and uncertainty about the size […] Read more