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CME October 2022 lean hogs (candlesticks, right column) with 20- and 100-day moving averages (pink and brown lines) and CME cash lean hog index (black line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs fall on weak exports

Softer cash values drag on live cattle futures

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Thursday, pressured by softening wholesale pork prices and weak export demand, analysts said. “We’re going to have more supply coming at us, and that’s putting pressure on the wholesale market,” said Altin Kalo, economist at Steiner Consulting Group. CME October lean hogs fell […] Read more
CBOT December 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat down on weak U.S. demand, Ukraine grain shipments

Economic uncertainty also curbs grain markets

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Chicago | Reuters — Chicago wheat futures slid for a fifth session on Thursday, pressured by soft export sales, a stronger dollar and continued exports from Ukraine, analysts said. Soybeans firmed after better-than-expected export sales last week indicated strong demand as U.S. harvest nears, while corn traded near even. Economic uncertainty also hung over grain […] Read more
File photo of a bulk port facility in Ukraine. (Olivia Sabeskaya/iStock/Getty Images)
Crops, Markets, Reuters

U.N. chief seeks ‘spirit of compromise’ over Ukraine grain initiative

Deal sees 21 outbound ships so far

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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
Crops, Reuters

First Ukraine grain deal ship docks in Turkey

Lebanese buyer refused delivery

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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
Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Beef Cattle, Livestock, Markets, Reuters

JBS quarterly profit falls almost 10 per cent but tops estimates

Cattle prices 'above the expected level'

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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
File photo of a field of soybeans under turbines at southern Manitoba’s St. Joseph wind farm. (Dougall_Photography/iStock/Getty Images)
Crops, Reuters

Russia to ban some imports of seeds from Canada, Europe

Canada's Prograin soybean seed on list

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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

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