By Carey Gillam Jan 16 (Reuters) – Four U.S. lawmakers joined with more than 200 food companies, organic farming groups, health and environment organizations and other groups on Thursday to urge President Barack Obama to require manufacturers to label food products that contain genetically engineered ingredients. The groups delivered a letter to the president dated […] Read more
Stories by Reuters News Service
Live cattle futures soar again, post ninth day of new records
By Theopolis Waters CHICAGO, Jan 15 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday reached an all-time high, led by record-breaking prices for slaughter-ready cattle and beef at wholesale, traders said. Wednesday afternoon’s wholesale choice beef price was $224.62 per hundredweight, which jumped $3.58 from Tuesday to its fifth successive record, according to […] Read more
High cattle and beef prices look set to last till 2015: Column
By Gavin Maguire CHICAGO, Jan 15 – Cattle and beef prices started 2014 at all-time highs, and a combination of strong money flow from the trading community, alongside a cutback in heifer slaughter rates by the ranchers, look set to help keep prices firm for several more months at least. But the fact that ranchers […] Read more
India set for record food grain output – minister
NEW DELHI, Jan 15 (Reuters) – India is set for a record food grain output in the current crop year to June, Farm Minister Sharad Pawar said on Wednesday, as last year’s monsoon rains helped planting of winter crops. “We will be approaching towards an all-time record food grains production in 2013/14,” Pawar told reporters […] Read more
Live cattle futures hit new high with beef prices
Jan 15 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday morning hit a fresh high following the record-setting pace of wholesale beef prices, traders said. Late-Tuesday’s wholesale choice beef price was $221.04 per hundredweight, surging $4.10 from Monday to its fourth consecutive record, according to the U.S. Department of Agriculture. Select cuts jumped […] Read more
China rejects more U.S. distillers grain imports-traders
BEIJING, Jan 15 (Reuters) – Chinese quarantine authorities have rejected more distillers’ dried grains (DDGs), a corn by-product from the United States, due to the presence of an unapproved genetically-modified (GMO) strain, traders said on Wednesday. The rejections go against expectations by some traders that local authorities were relaxing checks on DDGs after a number […] Read more
China says still no timetable on GMO commercialisation
BEIJING, Jan 15 (Reuters) – China’s agriculture ministry says there is still no timetable for the commercialisation of domestically developed genetically-modified strains of corn and rice, although the country is already the world’s top buyer of GMO soy. The ministry granted safety certificates for its first genetically-modified rice and corn in 2009 but has so […] Read more
Dutch order recall of French horsemeat
AMSTERDAM, Jan 14 (Reuters) – Dutch food safety authorities ordered five Dutch companies to recall 11,000 kg of improperly labelled French horsemeat that was turned into food products in the Netherlands, the Economic Affairs Ministry said in letter published on Tuesday. However, the ministry said the food had been delivered via Belgium to the Netherlands […] Read more
Corn bulls should beware hefty commercial corn stocks: Column
By Gavin Maguire CHICAGO, Jan 14 (Reuters) – After more than a year of enduring a generally downbeat market in which prices fell roughly 40 percent in 2013 alone, corn bulls were finally given something to smile about in the latest U.S. Department of Agriculture crop report depicting stronger demand and lower overall supplies than […] Read more
Corn eases as USDA surprise fades, wheat stuck near 3-year low
PARIS/SINGAPORE, Jan 14 (Reuters) – Chicago corn futures edged lower on Tuesday to halt a two-day rally sparked by lower-than-expected U.S. government supply estimates as attention turned back to a record U.S. crop U.S. wheat was little changed, hovering within sight of a 3-1/2 year low, as an export-fuelled rebound on Monday stalled in the […] Read more
