Chicago | Reuters — Chicago Mercantile Exchange hog futures on Thursday edged up from a 6-1/2-month low on a round of short-covering after posting losses in four of the previous five sessions, traders said. But the hog market remained under pressure from a seasonal slowdown in demand as the grilling season nears its end. Cattle […] Read more
U.S. livestock: Hog futures up off lowest since February
Chicago cattle futures mixed
U.S. livestock: Hogs hit 6-1/2-month low on slowing demand
Live cattle dip below 20-day moving average
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell to a 6-1/2-month low on Wednesday with demand for pork fading as the traditional U.S. grilling season nears its close. Cattle futures were mixed, with live cattle contracts sagging on weakness in the cash markets while feeder cattle contracts closed higher. Hog futures have fallen […] Read more
Ukraine restores Moldova rail link
Rail line could carry 10 million tonnes of freight per year
Reuters — Ukraine has restored a rail link to neighbouring Moldova after a 23-year hiatus and the connection could carry 10 million tonnes of freight a year, President Volodymyr Zelenskiy said in a video address on Monday. Although he did not specify what kinds of goods, Ukraine is keen to find new ways to export […] Read more
U.S. livestock: Hog futures firm after hitting six-week low
Chicago cattle futures weak
Chicago | Reuters — Chicago Mercantile Exchange hog futures edged higher on Monday, with the market recovering after hitting its lowest in nearly six weeks on Friday, traders said. But gains were kept in check by poor exports and ample supplies of pork. Cattle futures were weaker as the market digested a report released late […] Read more
U.N. chief seeks ‘spirit of compromise’ over Ukraine grain initiative
Deal sees 21 outbound ships so far
Lviv | Reuters — U.N. Secretary-General Antonio Guterres urged Russia and Ukraine on Thursday to show a “spirit of compromise” to ensure the continued success of a U.N. brokered deal that enabled Ukraine to resume grain exports from its Black Sea ports. Guterres said after talks in the western Ukrainian city of Lviv that 21 […] Read more
First Ukraine grain deal ship docks in Turkey
Lebanese buyer refused delivery
Istanbul | Reuters –– The first grain ship to depart from Ukraine under a U.N.-brokered deal docked in Turkey on Thursday after 11 days at sea, Refinitiv data showed, and the ship’s agent in Turkey said it would continue to Egypt after unloading part of its cargo. The Razoni set sail from Ukraine’s Odesa port […] Read more
JBS quarterly profit falls almost 10 per cent but tops estimates
Cattle prices 'above the expected level'
Sao Paulo | Reuters — JBS, the world’s largest meatpacker, posted an almost 10 per cent drop in net profits, to US$766 million, driven by the relative weakness of its U.S. beef and pork units in the second quarter, according to an earnings statement on Thursday. Still, it beat analysts’ forecasts. JBS reported a 4.6 […] Read more
La Nina conditions to continue, but odds lower into winter
Reuters — Chances for La Niña are expected to gradually decrease from 86 per cent in the coming season to 60 per cent during December to February in 2022-23, a U.S. government weather forecaster said on Thursday. The La Niña weather pattern is characterized by unusually cold temperatures in the equatorial Pacific Ocean. According to […] Read more
Russia to ban some imports of seeds from Canada, Europe
Canada's Prograin soybean seed on list
Moscow | Reuters — Russia will ban imports of some seeds from several locations in Europe and Canada from Aug. 15, its agriculture safety watchdog said on Thursday, citing non-compliance by suppliers with phytosanitary requirements as the reason. Imports of tomato and carrot seeds will be banned from a nursery of Satimex Quedlinburg, in Germany, […] Read more
Cargill fiscal 2022 revenue jumps to record US$165 billion
Reuters — Global commodities trader Cargill on Tuesday reported that its fiscal year 2022 revenue jumped 23 per cent from a year earlier to a record US$165 billion. The strong result was the latest for a global agricultural commodities trader after rivals ADM and Bunge reported solid earnings last month amid high farm products prices […] Read more
Cyber-Savvy Farmer
