U.S. farmers are feeding their livestock everything from outdated pet food and leftover bakery rolls to crops imported from South America after unprecedented spring planting delays boosted prices for locally grown corn. Corn is typically used to fatten hogs, cattle and poultry, but its high price has farmers in the $150 billion U.S. meat and […] Read more
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Walmart creates Angus beef supply chain, cutting out meat processors
(Reuters) – Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry. The world’s largest retailer said on Wednesday that the move would allow it to ensure supplies […] Read more
How a Philippines regulator stymied DowDuPont’s global seed launch
WINNIPEG, Manitoba (Reuters) – A Philippines regulator poses an unexpected obstacle to DowDuPont’s launch of a new line of genetically engineered soybeans in the United States as the company challenges Bayer AG’s decades-long dominance of the U.S. seed market. China’s January approval for imports of DowDuPont’s Enlist E3 soybeans – amid the U.S.-China trade war […] Read more
DowDuPont farm unit plans to launch Enlist E3 soy broadly in 2020
CHICAGO (Reuters) – DowDuPont’s agriculture unit, Corteva Agriscience, is gearing up to broadly sell farmers in North America and Brazil a new type of genetically modified soybean for planting next year in a challenge to rival Bayer AG . Corteva revealed its plans for Enlist E3 soy seeds on Thursday, after top global soy buyer […] Read more
Trade wars cost U.S., China billions of dollars each in 2018
CHICAGO, Ill. (Reuters) — The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, it had an overall […] Read more
China’s slow approvals of biotech crops cost U.S. $7 billion, says industry group
CHICAGO (Reuters) – Delays in Chinese approvals of imported genetically modified crops have cut U.S. gross domestic product by about $7 billion over the past five years by reducing sales of crops and other goods, an industry group that represents global seed companies said on Wednesday. The report by CropLife International indicates what is at […] Read more
China trade row sows confusion in farmer planting plans
CHICAGO (Reuters) – Tom Giessel is cutting back on plantings this year on his farm in central Kansas as he reckons with a drought, a glut in global grains supply and trade tensions between the United States and China. About 200 miles away in the northwestern part of the state, farmer Janet Bear swapped the […] Read more
Trade tensions crimp U.S. soybean sales to China – Bunge CEO
(Reuters) – U.S. soybean sales to China have ground to a halt after Beijing threatened tariffs on imports, the CEO of agricultural trader Bunge Ltd said on Wednesday, the latest sign of mounting trade tensions upsetting the global flow of commodities. Countries such as Brazil and Canada are increasing soybean sales to China after Beijing […] Read more
Battle of the beans
WINNIPEG/CHICAGO — Monsanto is facing major threats to its historic dominance of seed and herbicide technology for the $40 billion U.S. soybean market. Rivals BASF and DowDuPont are preparing to push their own varieties of genetically modified soybeans. At stake is control over seed supply for the next generation of farmers producing the most valuable […] Read more
U.S. food distributors allege Tyson Foods, rivals fixed chicken prices
CHICAGO (Reuters) – Top U.S. food distributors Sysco Corp and U.S. Foods Inc have sued the country’s biggest chicken processors for allegedly conspiring to inflate prices. The distributors sued companies including Tyson Foods Inc., Pilgrim’s Pride Corp, Sanderson Farms and Perdue Farms in separate complaints filed in federal court on Tuesday. The U.S. chicken sector, […] Read more
