Russia said on Friday it was declaring a federal emergency in 10 regions because of damage to crops resulting from frosts in May.
Russia declares federal state of emergency in 10 agricultural regions
U.S. grains: Corn and soy futures rise on new Brazilian tax rule
Chicago Board of Trade corn Cv1 and soybean Sv1 futures rose on Thursday as news of tighter rules on industry tax credits in Brazil made traders and producers hopeful that it could boost U.S. export business, traders said.
U.S. livestock: Cattle futures down amid oversupply, weak retail demand
Live cattle and feeder cattle futures closed mostly lower at the Chicago Mercantile Exchange on Thursday as slow sales of beef products such as hamburgers and steak weighed on prices, Altin Kalo, economist at Steiner Group, said.
Bird flu outbreak reported in Minnesota dairy herd, the state’s first
The ongoing U.S. outbreak of avian flu in dairy cattle reached Minnesota on Thursday as the state announced its first infected herd.
Crop woes may lead Russia to narrow grain exports
Russian government says it may declare a nationwide emergency as frost, drought affects crop
Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB board member Vitaly Sergeуchuk said.
Cows infected with bird flu have died in five US states
Dairy cows infected with avian flu in five U.S. states have died or been slaughtered by farmers because they did not recover, state officials and academics told Reuters.
U.S. livestock: Lean hog futures hit five-month low on oversupply worries
Lean hog futures closed at their lowest price since January at the Chicago Mercantile Exchange on Wednesday as traders focused on a potential oversupply of U.S. pork heading into the summer barbecue season.
U.S. grains: Wheat falls as U.S. Plains harvest advances, Russia concerns ease
Chicago benchmark wheat Wv1 futures fell on Wednesday for the sixth day in a row, as progress in the U.S. winter harvest weighed on prices and concerns eased over the Russian crop, traders said.
Bird flu reported in Iowa dairy herd, expanding US outbreak in cows
Iowa, which is projected to be the tenth biggest milk-producing state this year, is the first new state to find an infected dairy herd since the U.S. confirmed an outbreak in Colorado on April 26.
Deere announces job cuts to tackle slowing farm equipment demand
Deere & Co said on Wednesday it would cut an unspecified number of production and salaried jobs to save costs as it grapples with a downturn in farm equipment demand.
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