Reading Time: < 1 minute China’s pig industry representatives will gather next week in Beijing to discuss ways to reduce breeding sow numbers by a million as part of a push to tackle over-capacity and stabilize prices.
Reuters
China to reduce pig herd amid low consumer demand
U.S. cattle ranchers slowly start to rebuild decimated herd
Meatpackers want larger herds to bring down cattle prices from record highs
Reading Time: 4 minutes In major U.S. livestock regions, some ranchers have slowly begun taking the first steps to boost cattle production after the nation’s inventory shrank due to a years-long drought that dried up pasture land used for grazing and hiked feeding costs.
Trump’s higher tariffs hit major US trading partners, sparking defiance and concern
Higher tariffs likely to impact global supply chains and inflation
Reading Time: 4 minutes U.S. President Donald Trump's higher tariffs on imports from dozens of countries kicked in on Thursday, raising the average U.S. import duty to its highest in a century and leaving major trade partners such as Switzerland, Brazil and India hurriedly searching for a better deal.
Corteva raises annual profit forecast after strong first-half performance
Reading Time: < 1 minute U.S. agrichemicals company Corteva raised its annual adjusted profit forecast on Wednesday, following strong performance in the first half of the year.
U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds
Reading Time: 2 minutes Chicago wheat futures slipped to a five-year low on Wednesday, while corn set contract lows for the third session in a row as ample global supply hung over grain markets.
Glencore says long-term strategy may involve sale of Bunge stake
Reading Time: < 1 minute Miner and trader Glencore said on Wednesday that its long-term strategy could involve the sale of its 16.4 per cent stake in enlarged global agribusiness Bunge Global some time in the future.
Bayer CEO: we will have to stop U.S. glyphosate production if nothing changes
Reading Time: < 1 minute Bayer on Wednesday said it would be forced to stop its U.S. production of widely-used farming weedkiller glyphosate unless regulatory or legal changes are made to stave of litigation that has been weighing on the German company.
U.S. livestock: Cattle futures surge, hogs up
Reading Time: < 1 minute Chicago cattle futures surged on Tuesday to sit just under highs. Hog contracts also made gains.
U.S. grains: Wheat, corn sink to contract lows as large supply weighs
Reading Time: 2 minutes Chicago wheat futures plunged to contract lows on Tuesday to approach their lowest point since 2020 as sinking corn futures and seasonal supply pressure from Northern Hemisphere harvests weighed on the market, traders said.
ADM Q2 profit falls to 5-year low amid trade turmoil
Reading Time: 2 minutes Archer-Daniels-Midland posted its lowest second-quarter profit in five years on Tuesday as U.S. trade upheaval and uncertainty around biofuel policies slowed sales and crimped trading and crop processing margins.