Reuters — Costco Wholesale Corp. is considering building a poultry-processing plant in Nebraska, according to a local development council, a move that would give the retailer tighter control over its chicken supplies. The facility, if built in Nebraska’s Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the […] Read more
Costco plans chicken plant in Nebraska
U.S. grains: Wheat surges over three per cent
Chicago | Reuters — Wheat futures on the Chicago Board of Trade surged more than three per cent on Monday, notching their biggest daily gains since October as investors liquidated a portion of the record-large short stake, traders said. Corn and soybean futures each rose to fresh multi-month highs, before trimming gains in largely technically […] Read more
U.S. livestock: Cattle tumble on technical selloff, beef woes
Chicago | Reuters –– U.S. live cattle futures fell to 1-1/2-month lows and feeder cattle declined by nearly three per cent on Tuesday in a technical selloff triggered by ample supplies and lower beef prices, traders and analysts said. Live cattle eased their third straight session, briefly falling by the daily limit of three cents/lb. […] Read more
U.S. livestock: Live cattle, feeders mixed on beef declines
Chicago | Reuters — U.S. live cattle and feeder cattle futures were flat to narrowly mixed on Monday as lower wholesale beef prices suggested demand for the meat was slowing, traders said. Lean hogs were slightly lower in light trading at the Chicago Mercantile Exchange. Losses in outside markets kept a lid on gains in […] Read more
U.S. livestock: Hogs fall to 10-week lows on pork price losses
Chicago | Reuters — U.S. lean hogs tumbled to the lowest in 10 weeks on Friday as pork price declines triggered selling by technical traders and investment funds, traders and analysts said. Hogs fell more than one per cent at the Chicago Mercantile Exchange, led by losses in deferred contracts such as June and August […] Read more
U.S. grains: Soybeans jump on soymeal exports
Chicago | Reuters –– U.S. soybeans were higher on Thursday, reversing from earlier losses as soymeal rallied on U.S. Department of Agriculture data showing the largest weekly soymeal sales in about 13 years. Wheat and corn prices were little changed as investors squared positions in relatively light dealings ahead of the Good Friday holiday, when […] Read more
U.S. grains: Soy, wheat, corn fall on profit-taking, dollar gains
Chicago | Reuters — U.S. grain and oilseed prices fell on Wednesday, with soybeans retreating from five-month highs as investors took profits and as a rising dollar made the commodities more expensive in global markets. Soybeans declined for the first time in six sessions, giving back a portion of their recent gains as harvest advanced […] Read more
U.S. grains: Soy hits five-month high on technicals, fund buying
Chicago | Reuters — U.S. grain prices were mostly higher on Tuesday, with soybeans rising to their highest since October, on technical buying and worries that cold temperatures could damage crops in the southwestern portion of the Great Plains wheat belt. Corn and wheat trimmed earlier gains on light selling from technical traders and from […] Read more
U.S. grains: Wheat jumps as colder weather threatens crop
Chicago | Reuters — U.S. wheat jumped as much as one per cent on Monday, led by gains in K.C. hard red winter wheat as extremely cold weather threatened to curb yields in parts of the southern U.S. Plains growing region already suffering from dry conditions. Wheat futures pared early gains on technical selling, keeping […] Read more
Gavilon names former ADM exec as CEO in management reshuffle
Reuters — Gavilon LLC has hired a former executive from rival Archer Daniels Midland to take the helm following a big reshuffle at Gavilon, a major U.S. grain merchant, in the latest sign that the commodities rout is upending global merchants. In a statement, the company, owned by Japanese trading house Marubeni, named Lewis Batchelder […] Read more
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