Reading Time: 2 minutes Food group Nestle said on Wednesday it had withdrawn from a global alliance for cutting methane emissions that aims to reduce the impact of dairy farming on global warming.
Nestle quits global alliance on reducing dairy methane emissions
U.S. livestock: Cattle futures gain on higher beef values, tight supplies
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed for a third straight session on Tuesday, propelled by rising beef prices and strong gains in the feeder cattle market, analysts said. Feeder cattle futures reached their highest point in six weeks on tight supplies of animals and an ongoing ban on Mexican imports […] Read more
U.S. grains: Soybeans tick up as market weighs crops, U.S.-China ties
Reading Time: 2 minutes U.S. soybean futures firmed on Tuesday on technical and seasonal buying after two sessions of losses, as traders monitored U.S. harvesting, Brazilian planting progress and updates on trade negotiations with China and a U.S. farmer bailout package.
Tyson, Cargill to pay $88 million to consumers in U.S. beef price-fixing lawsuit
Reading Time: 2 minutes Tyson Foods and Cargill have agreed to pay a combined $87.5 million (C$122.1 million) to settle a federal lawsuit brought by consumers who accused the companies of conspiring to inflate U.S. beef prices by restricting supply.
Trump bailout for trade-hit U.S. farmers expected this week
Reading Time: 2 minutes The Trump administration is expected to announce a plan as soon as Tuesday to bail out U.S. farmers stung by trade disputes and big harvests, with the initial outlay potentially totaling up to $15 billion (C$20.9 billion), according to sources familiar with the matter.
Bangladesh approves U.S. wheat imports, hoping to ease trade tensions
Reading Time: 2 minutes Bangladesh has approved the purchase of about 220,000 metric tons of U.S. wheat under a government-to-government deal aimed at easing trade tensions with Washington after import tariffs were imposed.
U.S. grains: Soybean ease on harvest pressure, competition from Brazil
Reading Time: 2 minutes U.S. soybean futures eased on Monday on active harvesting across the Midwest farm belt and brisk early planting as well as exports in rival supplier Brazil, and as top importer China continues to shun U.S. supplies.
Russia’s top agriculture official blames low global grain prices for export slowdown
Reading Time: 2 minutes Low global prices for grains, Russia’s main agricultural commodity, have caused a sharp fall in exports in recent months.
U.S. livestock: Cattle rebound on technical buying
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures rebounded on technical buying on Friday, though declining wholesale beef prices and weaker cash markets have weighed on prices, analysts said. CME December live cattle LCZ25 rose 1.025 cents to end at 234.50 cents per pound. CME November feeder cattle FCX25 rose 3.025 cents to end […] Read more
U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes
Reading Time: 2 minutes U.S. soybean futures closed lower on Friday as pressure from a fast-advancing U.S. harvest offset early-session support from hopes that upcoming U.S.-China talks could revive stalled soybean trade.
A message from April Stewart, Country Guide's Associate Editor
