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Elanco Animal Health CEO Jeff Simmons speaks during an interview at the New York Stock Exchange (NYSE) on Sept. 20, 2018. (Photo: Reuters/Brendan McDermid)
Livestock, Reuters

Elanco to become No. 2 in animal health with Bayer deal

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Reading Time: 3 minutes Reuters — Elanco Animal Health agreed to buy Bayer’s veterinary drugs unit on Tuesday in a cash and stock deal valued at US$7.6 billion (C$10 billion), creating the second largest maker of medicines for livestock and pets and expanding Elanco’s reach online. The deal is the latest in the fast-growing animal health market, which has […] Read more
U.S. livestock: Cattle futures up on larger-than-expected weekly slaughter
Livestock, Markets, Reuters

U.S. livestock: Cattle futures up on larger-than-expected weekly slaughter

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday after U.S. government data showed last week’s slaughter was bigger than the previous week’s, despite a fire that shuttered a Kansas beef plant. The U.S. Department of Agriculture estimated the weekly U.S. cattle slaughter through Saturday at 651,000 head, up from […] Read more
File photo of a hog cooling off in a pond in the Philippines. (Stewart Hall/iStock/Getty Images)
Hogs, Livestock, Reuters

Philippines checks for swine fever as pig deaths rise

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Reading Time: 2 minutes Manila | Reuters — The Philippines has set up a crisis management team to determine if the deadly African swine fever virus has reached the country after officials detected a rise in pig deaths in some areas. The Bureau of Animal Industry had reported an increased mortality of pigs “raised by farmers in their backyards” […] Read more
CBOT December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soybeans slide on beneficial weekend rains

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 1.6 per cent on Monday and soybean futures also declined after much-needed rains crossed dry areas of the Corn Belt over the weekend, bolstering crop production prospects, analysts said. Wheat followed the softer trend. Chicago Board of Trade December corn settled down 6-1/4 cents at $3.74-1/2 per […] Read more
U.S. livestock: CME hogs limit down on demand concerns
Livestock, Markets, Reuters

U.S. livestock: CME hogs limit down on demand concerns

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Reading Time: < 1 minute Chicago | Reuters — CME lean hog futures fell sharply on Friday, with the most-active October contract notching a limit-down move as traders worried that seasonal growth in supplies will outstrip demand. Weakness in the cash market also spilled over into the futures, traders said. The demand concerns stemmed from uncertainty about potential purchases from […] Read more
U.S. Senator Chuck Grassley speaks to reporters after a vote at the U.S. Capitol in Washington on May 14, 2019. (Photo: Reuters/Jonathan Ernst)
Corn, Crops, Reuters

Ag-state senator says Trump EPA ‘screwed us’ with biofuel waivers

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Reading Time: 2 minutes Washington | Reuters — Iowa’s Republican Senator Chuck Grassley said the Trump administration’s Environmental Protection Agency has “screwed” the U.S. ethanol industry and farmers by granting waivers to 31 small petroleum refineries, effectively exempting them from an obligation to use more ethanol in their products. The powerful senator, who represents the largest ethanol-producing state in […] Read more
U.S. livestock: Hog futures sink to five-month low
Livestock, Markets, Reuters

U.S. livestock: Hog futures sink to five-month low

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures fell to a five-month low on Thursday, pressured by big supplies that overwhelmed any optimism about news that China made its biggest purchases of U.S. pork in seven weeks, traders said. The world’s largest pork consumer bought 10,211 tonnes of U.S. pork between Aug. 2-8 […] Read more
(Gonzalo Calle Asprilla/iStock/Getty Images)
Crops, Markets, Reuters, Spring Wheat

U.S. CFTC says Kraft, Mondelez to pay $16M in wheat price manipulation case

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Reading Time: < 1 minute Reuters — The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz and Mondelez International will have to pay US$16 million in penalty regarding a wheat manipulation case that dates back to 2015. Kraft Heinz, which was Kraft Foods until 2015, and snack food firm Mondelez bought $90 million of December 2011 wheat […] Read more
CBOT December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn futures break losing streak

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures steadied near a three-month low on Thursday as traders said the market was oversold following sharp declines stemming from a bearish U.S. Agriculture Department harvest forecast issued on Monday. Soybean futures traded higher overnight but turned lower after a weak export sales report. Soy futures settled near session […] Read more

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