SINGAPORE, Feb 3 (Reuters) – U.S. soybean futures fell for the first time in three sessions on Monday as the market took a breather on expectations of record production in Brazil and Argentina. Wheat rose for a third consecutive session with support from extreme cold weather slowing grain movement in the Black Sea region, while […] Read more
Stories by Reuters News Service
Analyst ups 2014 EU rapeseed crop forecast due good weather
PARIS, Feb 3 (Reuters) – Analyst Strategie Grains raised slightly its forecast for the 2014 rapeseed harvest in the European Union, citing good weather conditions in the bloc. Rapeseed production in the 28-country EU is now expected at 21.4 million tonnes this year, up from the 21.3 million tonnes estimated last month and 500,000 tonnes […] Read more
CME live cattle futures drop as beef prices plunge from record highs
By Theopolis Waters CHICAGO, Jan 31 (Reuters) – Chicago Mercantile Exchange live cattle futures posted modest losses on Friday, but were up from session lows, dragged by retreating wholesale beef prices, traders and analysts said. The afternoon’s wholesale choice beef price, or cutout, was $223.49 per hundredweight (cwt), $7.26 lower than on Thursday, and select […] Read more
Tyson results beat estimates on higher chicken, beef sales
(Reuters) — Tyson Foods Inc., the largest U.S. meat processor, reported first-quarter results that beat analysts’ expectations, helped by higher chicken and beef sales. The company’s shares rose five percent to $36.10 in premarket trading after Tyson also reaffirmed its sales and meat production forecast for fiscal 2014. Springdale, Arkansas-based Tyson said it sold more […] Read more
Tyson Foods says PED virus to cut pork production by two to four percent
(Reuters) — Tyson Foods Inc. said on Friday the porcine epidemic diarrhea virus will decrease pork production by two percent to four percent. Tyson made the comments during its quarterly earning conference call. PED is a fatal pig virus that is spreading across the United States and Canada. Tyson Foods, based in Springdale, Arkansas, is […] Read more
Live cattle futures end firm, hogs slip
By Meredith Davis CHICAGO, Jan 30 (Reuters) – Chicago Mercantile Exchange live cattle futures settled firm on Thursday as investors adjusted positions ahead of the government’s annual cattle inventory report that will be released on Friday, traders said. Analysts expect Friday’s data to show the U.S. cattle herd likely fell for a seventh straight year, […] Read more
U.S. pig virus cases see biggest weekly rise since PED found
(Reuters) — Confirmed cases of a deadly pig virus spreading across the U.S. Hog Belt jumped by 215, its highest weekly increase since it was discovered in the United States in April 2013, according to the USDA’s National Animal Health Laboratory Network. Porcine epidemic diarrhea virus, which causes diarrhea, vomiting and severe dehydration is transmitted […] Read more
PotashCorp posts drop in profit, sees weaker year ahead
(Reuters) — Potash Corp. of Saskatchewan , the world’s biggest fertilizer company, on Thursday reported a sharply lower quarterly profit and produced 2014 forecasts that were below Wall Street expectations. The company’s disappointing outlook shows that the global potash market has far to go to recover from a slide in prices, due to years of […] Read more
Farm bill removes subsidies for biofuel blender pumps
(Reuters) — Lobbyists opposed to mixing more ethanol in gasoline scored another victory on Wednesday after the U.S. House of Representatives passed a farm bill with a provision removing subsidies for biofuel blending pumps in rural areas. The provision, tucked into page 735 of the 949-page farm bill, could make it more difficult for gasoline […] Read more
Beef weakens but live cattle futures end mostly firm, hogs higher
By Theopolis Waters CHICAGO, Jan 29 (Reuters) – Chicago Mercantile Exchange live cattle futures settled mostly firm on Wednesday after investors sold the February contract and bought back months as wholesale beef prices declined, traders said. The afternoon’s wholesale choice beef price, or cutout, was $232.49 per hundredweight (cwt), $3.99 lower than on Tuesday, and […] Read more
