WASHINGTON (Reuters) — A U.S. appeals court on Friday rejected a challenge by meat producers to a federal regulation that specifies labelling requirements for certain meat products, a move applauded by rancher and consumer groups. The three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit said a 2013 regulation covering […] Read more
Stories by Reuters News Service
CME hogs end firm in choppy action before USDA report, cattle down
By Theopolis Waters CHICAGO, March 28 (Reuters) – Chicago Mercantile Exchange hog futures settled firmer on Friday after a volatile day of trading before the highly anticipated U.S. Department of Agriculture quarterly hog report at 2 p.m. CDT. Analysts’ estimates for USDA’s Friday report varied widely, reflecting uncertainty about how much the data will account […] Read more
At UN climate talks, many seek sterner warnings of GDP losses
OSLO, March 28 (Reuters) – Many governments want sterner warnings of probable economic damage from global warming in a draft U.N. report due on Monday, saying that existing estimates of trillions of dollars in losses are only part of the picture. A final draft before talks this week among governments and scientists in Japan projected […] Read more
Canadian farmers load U.S.-bound grain trucks to beat backlog
WINNIPEG (Reuters) — Truckloads of Canadian canola and wheat are flowing briskly into U.S. crushing plants and elevators, as Canada’s farmers seek to get round an unprecedented backlog of crops destined for ports. A record-smashing Canadian harvest and brutal winter have overwhelmed Canadian National Railway Co. and Canadian Pacific Limited, the key links in moving […] Read more
Cuts to India’s potash subsidy will affect imports
MUMBAI (Reuters) — India has cut potash subsidy by nearly a fifth to $160 per tonne for the year starting April in an effort to contain a ballooning fiscal deficit, a government source and an industry official told Reuters on Friday. A smaller subsidy would keep retail potash prices elevated despite a drop in overseas […] Read more
U.S. court rejects challenge to meat label rule
WASHINGTON (Reuters) — A U.S. appeals court on Friday rejected a food industry challenge to a federal regulation that specifies labelling requirements for certain meat products. The three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit said the 2013 regulation, which concerns country of origin details for muscle cuts of […] Read more
Record high cash hogs and fed cattle lift CME livestock futures
By Theopolis Waters CHICAGO, March 27 (Reuters) – Chicago Mercantile Exchange hog futures on Thursday jumped to their three-cents daily price limit, ignited by record-high prices for slaughter-ready or cash hogs, traders and analysts said. The morning’s hog price at the closely watched Iowa/Minnesota market surged $4.70 per hundredweight from Wednesday to a record-high $131.49, […] Read more
Canadian farmers load U.S.-bound grain trucks to beat backlog
WINNIPEG, Manitoba, March 27 (Reuters) – Truckloads of Canadian canola and wheat are flowing briskly into U.S. crushing plants and elevators, as Canada’s farmers seek to get round an unprecedented backlog of crops destined for ports. A record-smashing Canadian harvest and brutal winter have overwhelmed Canadian National Railway Co and Canadian Pacific Limited, the key […] Read more
U.S. EPA head defends proposed cuts in biofuel target for 2014
WASHINGTON (Reuters) — U.S. energy markets cannot absorb the levels of biofuels required by law to be blended into the fuel supply in 2014, Environmental Protection Agency head Gina McCarthy said on Thursday, defending a controversial proposal to slash the target for this year. The EPA is working on final 2014 biofuel use targets after […] Read more
Argentina expects record soy crop in 2013-14
BUENOS AIRES (Reuters) — Argentina expects a record soy crop of 54 million tonnes to be collected in the 2013-14 season, the agriculture ministry said in its monthly crop report on Thursday, forecasting an increase of 9.5 percent over the 2012-13 harvest. It was the government’s first forecast of the current crop year. Harvesting of […] Read more
