Reading Time: < 1 minute Chicago Mercantile Exchange lean hog futures fell on Thursday on profit-taking following recent gains, according to analysts, while declining wholesale meat prices pressured both cattle and hogs.
U.S. livestock: Lean hogs dip on profit-taking, wholesale meat prices
U.S. grains: Chicago soybeans fall on worries over domestic demand
Reading Time: < 1 minute Chicago Board of Trade soybean and corn futures fell for a fourth straight day, as traders worried that biofuel policy changes under the incoming U.S. presidential administration of Republican Donald Trump would chill domestic demand.
Mexico’s Sheinbaum to present constitutional safeguard for non-GMO corn in coming days
Reading Time: < 1 minute Mexican President Claudia Sheinbaum said on Thursday that her government would in the coming days present a plan to protect the country's non-genetically modified white corn under the constitution.
Brazil’s JBS sees strong demand for meat in US
Reading Time: < 1 minute Brazil's JBS, the world's largest meatpacker, sees "very strong" demand for beef, pork and chicken in the U.S., said the president of JBS USA, Wesley Batista Filho on Thursday during the firm's third quarter earnings call.
US forecaster sees 57 per cent chance of La Niña developing between now and December
Reading Time: < 1 minute There is a 57 per cent chance of La Niña emerging from now to December, and it is expected to persist through January to March 2025, a U.S. government forecaster said on Thursday.
ADM says top compliance officer is leaving the company
Reading Time: < 1 minute Archer-Daniels-Midland Co's chief compliance officer, Ben Bard, is leaving the company early next year for personal reasons, the company said on Wednesday. The news comes one day after the global grain trader, which has been embroiled in controversy over its accounting practices, sought an extension from the U.S. Securities and Exchange Commission to file its third quarter financial report because it could not meet the deadline.
Cash-strapped US farmers switch to generic crop chemicals, in blow to big manufacturers
Reading Time: 2 minutes U.S. farmers struggling with slumping incomes and depressed grain prices have been switching to cheaper generic pesticides and fungicides as they plan for spring planting next year, which market analysts said could hit the bottom lines of agrichemical companies like Bayer.
Syngenta working with McDonald’s to reduce gas emissions from cows
Reading Time: < 1 minute Agrochemicals and seeds company Syngenta is working with fast food giant McDonald's Corp and one of its meat suppliers to supply a type of corn which it says will reduce the gaseous emissions from cattle.
U.S. livestock: Lean hogs weaken on wholesale pork prices, Goldman roll
Reading Time: < 1 minute Chicago Mercantile Exchange lean hog futures lost ground on Wednesday on weakness in the pork cutout, according to analysts, while cattle futures also retreated on falling wholesale prices.
U.S. grains: Chicago wheat plunges on strong dollar, corn and soybeans also ease
Reading Time: < 1 minute Chicago Board of Trade wheat futures fell sharply on Wednesday, dropping to lows not seen since August, as the U.S. dollar surged after data showing U.S. inflation for October increased in line with expectations, which could result in fewer interest rate cuts.
A message from April Stewart, Country Guide's Associate Editor
