CHICAGO, Sept 13 (Reuters) – Chicago Mercantile Exchange cattle futures fell to their lowest prices since June on Monday on concerns that U.S. ranchers could temporarily lose a place to deliver their livestock for slaughter after a fire damaged a JBS USA beef plant. JBS, owned by Brazilian firm JBS SA, halted production at the […] Read more
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Drought forces North American ranchers to sell off their future
WINNIPEG, Manitoba/CHICAGO, Sept 3 (Reuters) – When Canadian rancher Dianne Riding strides across her brown pasture, sidestepping cracks and popping grasshoppers, she has less company than usual. Record-setting heat and sparse rain left Riding with too little grass or hay to feed her cattle near Lake Francis, Manitoba. She sold 51 head at auction in […] Read more
Hurricane Ida damages Louisiana grain terminal, disrupts exports
CHICAGO, Aug 30 (Reuters) – Hurricane Ida damaged a grain export elevator owned by global grain trader Cargill Inc, and rival shipper CHS Inc warned on Monday its grain facility may lack power for weeks after the storm tore though the busiest U.S. grains port. Cargill said its Reserve, Louisiana, terminal, one of two the […] Read more
Stung by pandemic and JBS cyberattack, U.S. ranchers build new beef plants
CHICAGO, June 17 (Reuters) – U.S. cattle ranchers and investors are sinking hundreds of millions of dollars into new beef plants after temporary closures of massive slaughterhouses at the start of the COVID-19 pandemic left farmers with nowhere to send animals destined to be turned into meat. A cyberattack against the U.S. unit of Brazilian […] Read more
JBS workers returning as U.S. blames Russia over hack
WASHINGTON/CHICAGO, June 2 (Reuters) – JBS SA employees were returning to U.S. meat plants on Wednesday, a day after the company’s beef operations stopped following a ransomware attack. A posting on Facebook said JBS workers in Brooks, Alta., were also returning to work Wednesday. A notorious Russia-linked hacking group is behind the cyberattack against JBS […] Read more
North America farm suppliers race COVID-19 spread for planting season
WINNIPEG, Manitoba/CHICAGO (Reuters) – North America’s biggest farm suppliers are accelerating shipments of fertilizer, seeds and agricultural chemicals to crop-growing regions in an unprecedented race against the COVID-19 virus that threatens to disrupt planting season. The timing could not be worse for farmers preparing to plant crops. Disruptions in deliveries of fertilizer, seeds or chemicals […] Read more
U.S. under pressure to keep slaughterhouses open during virus outbreak
CHICAGO, (Reuters) – The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about potential shutdowns due to the new coronavirus hammer livestock prices and fuel concerns about food supplies, meat industry groups said on early this week. Livestock markets have been hit hard […] Read more
U.S. says it will ban pig shipments if fatal hog virus is detected
CHICAGO, (Reuters) – The U.S. Department of Agriculture said late last week it will prohibit shipments of all pigs for at least three days if the nation ever finds a case of a fatal hog disease that has ravaged China’s herd. The federal government is preparing to contain and eradicate African swine fever if it […] Read more
Hormel joins Tyson Foods, JBS in removing drug banned by China
CHICAGO, (Reuters) – Spam-maker Hormel Foods Corp is eliminating a growth drug banned by China from its hog supply, the company said recently, joining rivals that are seeking to increase meat sales to Chinese buyers grappling with a pork shortage. Hormel will not accept any hogs that have been fed or exposed to the drug […] Read more
Bayer’s top seed faces U.S. soybean challenge from Corteva
CHICAGO/WINNIPEG, Manitoba, (Reuters) – Bayer AG’s takeover of Monsanto has been beset by problems, and now a decades-long dominance of the $4 billion U.S. soybean seed market is under threat from rival Corteva Inc. Bayer told Reuters it expects plantings of its genetically modified Xtend soybean seeds to flatline this year for the first time, […] Read more
