U.S. livestock: CME live cattle close mixed, hogs higher — September 22, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed mixed on Monday, pressured by last week’s lower cash prices but supported by bear spreads, traders said. Bear spreads consisted of investors who bought back months and simultaneously sold nearby contracts with the view that Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report confirmed tight […]

Wheat bids slide with U.S. futures — September 22, 2014

Average cash bids for Canada Western Red Spring (CWRS) wheat moved down across Western Canada during the week ended Friday, as continued losses in U.S. futures weighed on values. The highest CWRS prices were still available in Manitoba, but average bids in the province declined by $8 from the previous week, coming in at roughly […]

Klassen: Tight yearling supplies support feeder complex — September 21, 2014

Western Canadian feeder cattle prices were $3 to $4 per hundredweight (cwt) higher on average. Cattle buyers were scrambling to fill orders on yearlings as supply uncertainty continues to drive prices higher. Feedlot vacancy is at seasonal lows and operators want to fill pens as soon as possible. Feeding margins are narrowing with higher replacement […]

JBS delays food unit IPO amid market slide, sources say — September 19, 2014

Sao Paulo | Reuters – JBS SA, the world’s largest meatpacker, has put off a plan to raise 4 billion reais (US$1.7 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil, two sources with direct knowledge of the decision said. JBS and banks are wary that market volatility stemming […]

U.S. livestock: CME live cattle futures end mixed before USDA report — September 19, 2014

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures settled mixed on Friday on positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report. Analysts expect the data at 2 p.m. CT to show fewer cattle were placed in feedyards last month due to sufficient pastures that allowed ranchers to fatten livestock longer outside […]

U.S. launches task force to tackle antibiotic-resistant bugs — September 18, 2014

Chicago | Reuters — The U.S. government will set up a task force and presidential advisory council to tackle the growing threat of antibiotic resistance to national security, setting a Feb. 15 deadline for the outlining of specific steps to be taken, White House advisers said at a press conference Thursday. The White House announced […]

U.S. livestock: Weak cash price outlook drops CME live cattle — September 18, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle settled lower on Thursday in anticipation of packers spending less for market-ready, or cash, cattle this week, traders said. October live cattle futures finished 1.425 cents per pound lower at 155.6 cents, and December at 158.925 cents down 1.075 cents (all figures US$). Processors may cut […]

Incoming Alta. premier taps ex-MPs to push for market access — September 18, 2014

Boosting market access for Alberta’s agricultural wares and other exports is expected to loom large on the new provincial premier’s radar. Jim Prentice, sworn in Monday as premier, kept Wetaskiwin-Camrose MLA Verlyn Olson as his minister of agriculture and rural development, and reappointed Jason Krips as deputy minister for the department. Prentice, in his mandate […]

Dow’s Enlist corn, soybeans face hurdles despite USDA approval — September 18, 2014

Reuters — U.S. approval of Dow AgroSciences’ new genetically-modified corn and soybeans takes the agricultural giant a step closer to its “most important” product launch ever, but a series of hurdles remain, the company said Thursday. “We sure are aware of the concerns that have been expressed,” said Dow AgroSciences president Tim Hassinger in an […]

USDA grants approval to Dow’s Enlist corn, soybeans — September 17, 2014

Reuters — The U.S. Department of Agriculture on Wednesday gave final approval to new genetically modified corn and soybeans developed by Dow AgroSciences that, while criticized by environmentalists and some farmers, are portrayed by Dow as an answer to weed resistance problems that limit crop production. The approval may clear the way for a full […]