Reading Time: < 1 minute Chicago Mercantile Exchange livestock futures firmed on Wednesday, as technical buying sent lean hog contracts higher and cash market prices staying firm giving cattle futures a boost, market analysts said.
U.S. livestock: Cattle, lean hogs futures rally on technical buying
US port strike disrupts hamburger supplies, frozen seafood
Beef sector could see ripple effects if strike lasts more than a week, industry says
Reading Time: 3 minutes Dockworkers striking at U.S. East Coast and Gulf Coast ports are preventing imports of beef that restaurants and retailers increasingly rely on to make hamburgers due to limited domestic supplies, traders and industry members said.
EU proposes to delay landmark anti-deforestation law by 12 months
Law would ban the import of commodities linked to deforestation
Reading Time: 2 minutes The European Commission said on Wednesday it would propose to delay implementation of its flagship law banning the import of commodities linked to deforestation by a year, following calls from industries and governments around the world.
Packaged food giant Conagra Brands’ quarterly results miss on weak demand
Reading Time: 2 minutes Packaged food giant Conagra reported first-quarter results that missed Wall Street estimates as budget-conscious consumers prioritized spending on lower-priced alternatives over the company's higher-priced pantry staples, sending its shares down about seven per cent.
Russian drones attack port infrastructure, power substations in Ukraine
Reading Time: < 1 minute Russian drones overnight attacked port infrastructure in Ukraine's southern Odesa region, damaging a grain facility and buildings at a border crossing to Romania, as well as cutting power to thousands in the northern Sumy region, officials said.
White House sides with union as US dockworker strike enters second day
Reading Time: 3 minutes New York | Reuters — President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labour deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping. The strike by the International Longshoremen’s Association (ILA) union has blocked goods from food to […] Read more
U.S. livestock: Lean hogs, live cattle futures higher; feeders ease
Reading Time: 2 minutes Chicago Mercantile Exchange lean hog and live cattle futures closed higher on Tuesday, as market participants appear to be betting that the dockworker strike being short-lived, market analysts and traders said.
U.S. grains: Wheat rallies on drought, geopolitical tensions; corn follows
Reading Time: 2 minutes Corn futures set new 3-month highs on support from wheat, and as oil prices jumped on Tuesday, after the Israeli military said on Tuesday that missiles had been launched from Iran at Israel and NATO's new chief Mark Rutte voiced strong support for Ukraine.
Montreal port workers begin three-day strike at two terminals, port authority says
Reading Time: < 1 minute Unionized workers began a three-day strike at two terminals of the port of Montreal as talks over a new contract are yet to result in a labor agreement, the Canadian port's authorities said on Monday.
Vancouver grain workers reach tentative deal to end strike
Reading Time: < 1 minute Workers at six grain terminals in the Canadian port of Vancouver have reached a tentative deal on September 27, ending a strike potentially impacting exports from the world's top canola and number three wheat exporter during the harvesting period.