By Theopolis Waters CHICAGO, April 25 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday closed higher, fueled by their discounts’ to initial cash prices prior to the U.S. Department of Agriculture’s Cattle-On-Feed report at 2 p.m. CDT, traders said. Analysts expect Friday’s report to show the number of cattle placed in feedyards in […] Read more
Stories by Reuters News Service
Louis Dreyfus, in overhaul, changes CEO after only a year
By Gus Trompiz PARIS, April 25 (Reuters) – The chief executive of commodities giant Louis Dreyfus is stepping down in a surprise move after just one year, leaving the group to seek a new CEO as it overhauls corporate structure to more closely resemble a public company. Louis Dreyfus is the “D” of the so-called […] Read more
CME feeder cattle hit new high as corn prices slip
@font-face { font-family: “Geneva”; }@font-face { font-family: “Cambria”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 14pt; font-family: “Times New Roman”; }span.btnaddtolb { }div.Section1 { page: Section1; } By Theopolis Waters CHICAGO, April 24 (Reuters) – Back-month Chicago Mercantile Exchange feeder cattle futures on Thursday set new contract highs, sparked by weak corn prices […] Read more
Bird flu on California farm prompts HK, others to bar poultry imports
April 24 (Reuters) – An avian-borne virus outbreak on a California quail farm has fueled fears that the disease known as bird flu could spread, prompting investigators to continue their probe and five key export markets to bar imports of poultry from the state. A state diagnostic laboratory confirmed on April 18 that a quail […] Read more
Beef regains top spot in U.S. meat export earnings – COLUMN
(Gavin Maguire is a Reuters market analyst. The opinions expressed are his own.) By Gavin Maguire CHICAGO, April 24 (Reuters) – Beef became the most valuable U.S. meat export for the first time in a decade in 2013, with the $6 billion in trade receipts up more than 12 percent from the year before and […] Read more
Wheat surges on dry weather concerns, Ukraine tension
CHICAGO, April 24 (Reuters) – U.S. wheat futures jumped more than 2 percent on Thursday on concerns about dry conditions in the U.S. Plains winter wheat belt and some key production areas of western Europe as well as worries about tensions in eastern Ukraine. Soybeans were narrowly mixed amid uncertainty over demand from top importer […] Read more
Canadian farmers to plant less canola than expected
WINNIPEG, Manitoba, April 24 (Reuters) – Canadian farmers intend to curb canola plantings this spring, Statistics Canada said on Thursday, surprising traders who expected a bigger area. Statscan said farmers would also taper back wheat sowings as expected, after a backlog in railway shipments left ample supplies of most crops from last year’s harvest. Statscan, […] Read more
Funds push CME hogs futures up two percent; cattle higher
By Theopolis Waters CHICAGO, April 23 (Reuters) – Chicago Mercantile Exchange hog futures jumped two percent on Wednesday, with some months up the three-cent limit, driven by fund buying after contracts punched through moving average levels, traders said. May hogs closed up 2.950 cents per pound at 123.975. June and July ended up their three-cents […] Read more
Railways report higher earnings in first quarter
Canada’s largest railway companies reported higher than expected earnings April 22. They also took another opportunity to criticize Ottawa for imposing new regulations that are likely to affect railway profits. Canadian Pacific Railway, the country’s second largest railway company, reported record first quarter net income of $254 million, or $1.44 per share. It’s up from […] Read more
U.S. pigs weigh in at record but could slim for summer
By Theopolis Waters CHICAGO, April 23 (Reuters) – Porkier pigs are commanding premiums in the United States as packers and producers look for ways to mitigate the effects of a smaller herd caused by a lethal virus by pushing weights up to record highs, but leaner times may be ahead. Plumper hogs are helping to […] Read more
