(Dave Bedard photo)

Cargill’s quarterly profit up on beef, egg demand

Chicago | Reuters — Global commodities trader Cargill reported a three per cent increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses. Cargill, the largest privately held U.S. company, said its adjusted operating earnings rose to $908 million in […] Read more



Workers sit outside the Tyson Fresh Meats processing plant at Holcomb, Kan. on Aug. 12, 2019, three days after a fire heavily damaged the facility. (Photo: Reuters/Adam Shrimplin)

USDA to probe beef market after Tyson plant fire

Chicago | Reuters — U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods slaughterhouse in Holcomb, Kansas, shut the plant. Cattle prices have tanked because the fire temporarily eliminated a key buyer of livestock. Producers have worried that meat […] Read more









U.S. livestock: Hog futures mixed after hitting three-month high

U.S. livestock: Hog futures mixed after hitting three-month high

Chicago | Reuters — U.S. lean hog futures were mixed on Wednesday, with the front-month contract easing on profit-taking after rallying to a three-month high while deferred contracts rose on expectations of tight supplies, traders said. Live cattle contracts were firm following two straight days of declines with concerns about a massive U.S. storm system […] Read more