GRAINS: Nearby soy rallies on low old-crop supply; MGEX wheat jumps — August 22, 2014

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Reuters — Nearby U.S. soybean futures climbed to a one-week high on Friday as U.S. processors scrambled to find scarce old-crop supplies, with the start of the next harvest still at least a month away in the Midwest. MGEX spring wheat futures touched a two-week high amid concerns about excessive rains hurting crops in key […]


High-priced calves drop U.S. July cattle placements by 7 pct — August 22, 2014

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Reuters — The number of cattle placed in U.S. feedlots in July dropped 7.0 per cent from a year ago as pricey calves deterred some feedlots from purchasing them for fattening, a government report showed on Friday. The U.S. Department of Agriculture report showed July placements at 1.560 million head, down 7.0 per cent from […]


LIVESTOCK: CME live cattle futures climb before USDA report — August 22, 2014

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Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, supported by positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CDT (1900) GMT. Analysts expect the report to show fewer cattle entered feedlots in July as expensive calves discouraged some feedyards from buying them. On Friday, USDA will […]


Belarus cancels import ban on live cattle from EU — August 22, 2014

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Minsk | Reuters — Belarus, aiming to boost food exports to neighbouring Russia, has cancelled a ban on live cattle from the European Union, Yuri Pivovarchuk, the head of veterinary surveillance at the Belarussian agriculture ministry, said. Minsk said the cancellation of the ban was not caused by its plans to increase exports to Russia, […]


DuPont to shed Kocide fungicide business — August 21, 2014

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DuPont’s copper fungicide Kocide, used in Canada to manage diseases in bean, potato and assorted hort crops, is set to meet a new maker. DuPont Crop Protection announced Wednesday it will sell its global copper fungicide business — including its Kocide and ManKocide brands and trademarks and its Houston, Tex.-based copper fungicide plant — to […]


U.S. livestock: CME hogs turn higher on short-covering — August 21, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog contracts closed higher on Thursday on short-covering and futures’ discount to CME’s hog index at US109.25 cents. October and December ended 1.125 cents higher at 93.625 and 87.55 cents per pound, respectively (all figures US$). CME hogs had a relative strength index (RSI) of 15. A RSI […]


Labels now the law for all mechanically tenderized beef — August 21, 2014

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In a move to cut risk from foodborne E. coli, all mechanically tenderized beef (MTB) sold in Canada from today on must be labelled as such and list instructions on safe cooking. Health Minister Rona Ambrose on Thursday announced the new labelling requirements for all uncooked MTB — expanding a rule that’s been in place […]


Cargill plant fined over cut wastewater samples — August 20, 2014

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One of the largest beef packing plants in Canada has been slapped with an $80,000 fine after reporting “errors” in its wastewater data┬áin early 2012. Alberta’s Provincial Court levied the fine against the Canadian arm of Cargill for “failing to immediately report intentionally-diluted wastewater samples” from its High River, Alta. plant, the provincial environment department […]


Russia shuts four McDonald’s restaurants amid Ukraine tensions — August 20, 2014

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Moscow | Reuters – Russia ordered the temporary closure of four McDonald’s restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine. The four restaurants ordered to suspend operations by the state food safety watchdog included the first ever McDonald’s […]


U.S. livestock: CME hogs slide with cash, pork prices — August 20, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog futures on Wednesday posted losses for a second straight day, pressured by eroding cash hog and wholesale prices. October ended down 2.325 cents at 92.5 cents per pound, and December at 86.425 cents, 2.2 lower (all figures US$). Wednesday afternoon’s average price of hogs in Iowa/Minnesota slumped […]