WINNIPEG (Reuters) — Canadian farmers, still struggling to find buyers for their abundant harvest last year due to an overwhelmed transportation network, will plant more canola and less wheat this year, a market analyst said on Monday. Farmers will plant 23.3 million acres of all-wheat, down 10 percent from last year, Jonathon Driedger, risk management […] Read more
Stories by Reuters News Service
Japan, U.S. fail to make headway in Pacific trade pact talks
SINGAPORE (Reuters) — Bilateral talks between Japan and the United States held as part of negotiations on a Pacific trade pact ended without an agreement on Monday, with Japanese Economics Minister Akira Amari saying that gaps still remained between the two sides. U.S. and Japanese differences over agricultural tariffs are one of the major hurdles […] Read more
Lilly to buy German animal health business Lohmann
(Reuters) — Eli Lilly and Co., one of the biggest U.S. drugmakers, said on Monday it would buy Germany’s privately held Lohmann Animal Health for an undisclosed sum in a move to grow its animal vaccine business. Lilly lowered its financial outlook for 2014 because of the transaction, saying it needed to factor in accounting […] Read more
Pig virus fears again pump U.S. pork stocks to record high
CHICAGO (Reuters) — The amount of pork in U.S. cold storage warehouses in January hit a record high for a second month in a row, according to the U.S. Department of Agriculture’s monthly cold storage report issued on Friday. Analysts in part attributed last month’s record stocks to processors and packers who likely stockpiled product […] Read more
Rising volumes of GMO-free soy available: industry groups
HAMBURG (Reuters) — Soybeans that are free of genetically modified organisms are available in growing volumes, despite claims by German poultry producers that supplies are falling, three associations that support GMO-free crops and trade said. German poultry and egg producers said last week they had given up on a promise to consumers to avoid feeding […] Read more
Pig virus fears again pump U.S. pork stocks to record high
CHICAGO, Feb 21 (Reuters) – The amount of pork in U.S. cold storage warehouses in January hit a record high for a second month in a row, according to the U.S. Department of Agriculture’s monthly cold storage report issued on Friday. Analysts in part attributed last month’s record stocks to processors and packers who likely […] Read more
Feds to end water allocation for most drought-stricken California farms
LOS ANGELES, Feb 21 (Reuters) – The worsening drought in California will for the first time force a complete cutoff of federally supplied irrigation water to most farm districts in the state’s Central Valley heartland this year, the U.S. Bureau of Reclamation said on Friday. The projected 2014 zero allocation to all but a handful […] Read more
Live cattle futures slip before USDA report, hogs up
By Theopolis Waters CHICAGO, Feb 21 (Reuters) – Chicago Mercantile Exchange live cattle ended lower on Friday, weighed down by profit-taking ahead the U.S. Department of Agriculture’s Cattle On Feed Report, analysts and traders said. “We had an extremely volatile session today, likely because of positioning ahead of the cattle report,” said Joe Ocrant, president […] Read more
ADM says it won’t accept crops with new Syngenta GMO corn trait
CHICAGO (Reuters) — Archer Daniels Midland Co., one of the world’s top grain traders, on Friday said it will not accept crops containing a new genetically modified Syngenta AG corn trait because it is not approved by major export markets. Corn seeds containing Syngenta’s Agrisure Duracade trait are available for planting in the United States […] Read more
U.S. January cattle placements rise more than expected
CHICAGO (Reuters) — The number of cattle placed in U.S. feedlots in January increased nine percent from a year earlier as record-high prices for cattle encouraged feedlots to bring in young calves for fattening, a government report showed on Friday. The U.S. Department of Agriculture report showed January placements at 2.029 million head, up nine […] Read more
