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Reuters

(Gassen/iStock/Getty Images)
Hogs, Livestock, Markets, Reuters

China cancels U.S. pork import order as trade war drags on

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Reading Time: 2 minutes Chicago | Reuters — The same week U.S. President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 tonnes of U.S. pork — the biggest cancellation in more than a year, according to U.S. Department of Agriculture data released on Thursday. The cancellation came during the week ended […] Read more
U.S. livestock: Lean hogs up as swine fever fuels export hopes
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up as swine fever fuels export hopes

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) rose for a second day on Wednesday, supported by expectations of increased demand for U.S. pork as African swine fever spreads in China’s hog herd and elsewhere, traders said. “The African swine fever news and talk was everywhere today,” said Dennis […] Read more
(Dave Bedard photo)
Crops, Hogs, Markets, Reuters

New Trump aid plan for U.S. farmers to rely on direct payments

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Reading Time: 2 minutes Washington | Reuters — The Trump administration’s second package of aid for U.S. farmers hit by the trade war with China is expected to have a similar structure to last year’s program, using direct payments and commodity purchases, industry sources briefed on the plan said. The U.S. Department of Agriculture is still finalizing the plan, […] Read more
A customer dines at a Burger King outlet in Shanghai on June 27, 2005. (File photo: Reuters/Ming Ming)
Livestock, Markets, Reuters

Restaurant Brands to boost outlets by 54 per cent within 10 years

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Reading Time: 2 minutes Reuters — Restaurant Brands International said on Wednesday it plans to expand all three of its brands to more than 40,000 restaurants globally, a 54 per cent jump, over the next decade. Big fast food chains, including McDonald’s and KFC owner Yum Brands, have been aggressively expanding their international operations to counter slowing growth in […] Read more
File photo of idled equipment in drought conditions on a farm in New South Wales, Australia. (f.ield_of_vision/iStock/Getty Images)
Crops, Reuters, Spring Wheat, Weather

Australia to import first wheat in 12 years as drought bites

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Reading Time: < 1 minute Sydney | Reuters — Australia will import its first shipment of wheat in more than a decade as a drought across the country’s east coast wilts supply in the world’s fourth largest exporter of the staple grain. Australia’s Department of Agriculture and Water Resources said late on Tuesday that it has approved an import permit […] Read more
CBOT July 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy rally as slow planting pace ignites short-covering

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed more than three per cent on Tuesday and soybeans bounced back from a decade low as planting delays in the Midwest crop belt sparked a round of short-covering, analysts said. Additional support stemmed from optimistic comments from Washington and Beijing that tempered concerns about a further escalation […] Read more
CME June 2019 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures bounce, cattle end lower

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) closed higher on Tuesday in a technical rebound after Monday’s limit-down close, with firm cash hog values lending support, traders said. Technical traders were encouraged that the benchmark June hog contract was able to hold above Monday’s low, a supportive chart […] Read more

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