Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased slightly on Thursday, after rising to their highest in more than three months on Wednesday. CME August live cattle futures LCQ2 settled 0.2 cents lower at 137.7 cents per lb and most-active October LCV2 also ended slightly lower than Wednesday at 143.7 cents. September feeder cattle futures FCU2 were little […] Read more
U.S. livestock markets: Live cattle futures little changed after Wednesday high
U.S. grains: Wheat rebounds from 6-month low; corn and soy also climb
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat futures rose sharply on Thursday, rebounding from the prior session’s six-month low, buoyed by a weak dollar and talk of a pick-up in demand following the recent decline in prices. Corn prices also regained ground after falling earlier in the week while soybeans rose sharply. The most-active wheat contract […] Read more
Cargill, Continental close U.S. chicken deal
Reading Time: < 1 minute Washington | Reuters — Cargill and Continental Grain said on Friday that they had closed their deal to buy Sanderson Farms, the third largest chicken producer, in a deal worth some US$4.53 billion. Under the deal, which was announced last August, Sanderson is being combined with Continental Grain subsidiary Wayne Farms. Sanderson will cease trading […] Read more
Indonesia’s foot-and-mouth outbreak prompts international measures
'Viral fragments' detected in meats brought into Australia
Reading Time: 2 minutes Reuters — Australia and New Zealand say they’ve stepped up protections against foot-and-mouth disease (FMD) at their international airports following an outbreak of the disease in Indonesia. Travellers arriving in Australia from Indonesia will now be asked to walk across sanitation foot mats at airports, the latest measure to ramp up Australia’s biosecurity measures, the […] Read more
Nutrien buys expanded ag retail presence in Brazil
Reading Time: < 1 minute Reuters — Top fertilizer maker Nutrien on Wednesday agreed to acquire Casa do Adubo S.A., as part of its ambitions to expand its Brazilian retail business. The deal marks Nutrien’s sixth acquisition in Brazil since 2019, when it set a strategic goal to build its market share in a country that is vital to feeding […] Read more
More than 200 people die as drought ravages northeast Uganda
Reading Time: < 1 minute Kampala | Reuters — More than 200 people have died from hunger this month in northeastern Uganda, where a prolonged drought and rampant insecurity have left more than half a million facing starvation, a local official and a charity worker said. Inhabited by nomadic pastoralists, the semi-arid and remote Karamoja region on the border with […] Read more
U.S. livestock: Cattle futures weak, hogs slightly higher
Futures gain on the week
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell for the second day in a row on Friday, with expectations that supplies will outstrip demand in the coming months. The most-active August live cattle futures dropped 0.475 cent to settle at 134.925 cents/lb. (all figures US$). The contract fell below its 10-day moving average […] Read more
Biden steps in to help end freight rail labour disputes
Disputes dragging at BNSF, Union Pacific
Reading Time: < 1 minute Washington | Reuters — U.S. President Joe Biden on Friday signed an executive order creating an emergency board to help resolve disputes between major freight rail carriers and their unions, in a move that could help loosen up some supply chain constraints. The order came ahead of a deadline next week to intervene in nationwide […] Read more
Denmark’s Royal Unibrew to buy Toronto’s Amsterdam Brewery
Brewer seeks new capacity in North America
Reading Time: < 1 minute Corrected, July 18 — Copenhagen | Reuters –– Danish brewer and beverage maker Royal Unibrew will acquire Toronto craft brewer Amsterdam Brewery in a deal valued at around 250 million Danish crowns (C$44 million), Royal Unibrew said in a statement on Friday. “The acquisition we are doing today is very important for the future growth […] Read more
U.S. livestock: Cattle futures weaken on profit-taking
Hogs fall on technical setback
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Thursday on a round of profit-taking after three straight days of gains, traders said. Signs of weakness in the cash market also weighed on cattle futures. The front-month feeder cattle contract was setting back from its highest since November 2015. Hog futures fell on […] Read more
A message from April Stewart, Country Guide's Associate Editor
