Reading Time: < 1 minute Chicago Mercantile Exchange (CME) cattle futures rose on Wednesday on technical buying and increasing beef demand ahead of the upcoming U.S. Labor Day holiday, analysts said.
Reuters
U.S. livestock: Cattle firms on technical buying as Labor Day nears
Industry and shippers brace for Canada rail stoppage, fear ‘catastrophe’
Reading Time: 3 minutes North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of economic damage.
JBS posts profit as chicken and pigs make up for beef slump
Reading Time: 2 minutes Brazil's JBS SA, the world's largest meatpacker, said on Tuesday that divisions that process chicken and pigs lifted its results, including poultry unit Pilgrim's Pride, JBS USA Pork in the U.S., and Seara in Brazil.
U.S. grains: Soybeans set another four-year low following USDA report
Reading Time: 2 minutes Chicago soybean futures lost more ground on Tuesday, setting another four-year low a day after U.S. Department of Agriculture data reinforced the prospect of a bumper U.S. harvest.
U.S. livestock: Cattle rise on stronger beef demand, lower corn prices
Reading Time: < 1 minute Chicago Mercantile Exchange (CME) cattle futures rose on Tuesday with beef demand increasing ahead of the approaching Labor Day holiday and as corn futures dipped following the U.S. Department of Agriculture's weekly crop progress and condition report.
US to expand bird-flu testing of beef in slaughterhouses
Reading Time: 2 minutes The U.S. Department of Agriculture said on Tuesday it will expand bird-flu testing of beef entering the food supply as part of its response to the ongoing outbreak among dairy cattle, adding that U.S. beef and dairy products remain safe to consume.
New Zealand to loosen gene editing regulation, make commercialization easier
Reading Time: < 1 minute The New Zealand government said on Tuesday that it would introduce new legislation to make it easier for companies and researchers to develop and commercialize products using gene technologies such as gene editing.
U.S. grains: Soybeans fall to four-year low on record U.S. crop estimate
Reading Time: < 1 minute Chicago | Reuters – Chicago soybeans took a nosedive on Monday to their lowest level since September 2020 as the U.S. Department of Agriculture released data showing a record production forecast for the crop. Meanwhile, corn rose as the government agency saw smaller than expected acreage, and wheat fell on competition from Black Sea crops. The Chicago […] Read more
U.S. livestock: CME cattle fall on rallying corn prices
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures turned lower on Monday as corn futures rallied following the U.S. Department of Agriculture’s supply and demand report that lowered corn ending stocks, traders said. Meanwhile, hog futures were mixed as bargain buying counterbalanced seasonal price pressure. CME most-active October feeder cattle FCU24 closed down 2.05 cents at […] Read more
USDA forecasts record soy, bumper corn crops
Reading Time: < 1 minute Reuters – The U.S. Department of Agriculture raised its estimates for corn and soybean production from a month earlier on Monday, adding to expectations of hefty global supplies of both crops. The agency raised its estimate for the 2024/25 soybean crop to a record 4.589 billion bushels, above 4.435 billion bushels seen last month and exceeding 4.469 billion bushels expected by analysts. USDA forecast a […] Read more