Justice Department Issues Subpoenas to Beef-Processing Giants. The Justice Department is deepening federal antitrust scrutiny of the $213 billion U.S. meat industry, following complaints from farmers and meat buyers about industry pricing practices. The department recently issued civil subpoenas to the four biggest beef processors, JBS USA Holdings Inc., Tyson Foods Inc., Cargill Inc. and National Beef Packing Co., according to people familiar with the matter.
Wheat Drops as Heatwave Cools. Wheat for July delivery fell 1.6% to $5.15 1/ 4 a bushel on the Chicago Board of Trade Thursday amid forecasts for scattered rainfall in wheat-growing areas this weekend. Soybeans for July delivery were unchanged at $8.67 3/ 4 a bushel.
NW_LS446 Des Moines, IA Fri, Jun 05, 2020 USDA Market News WEEKLY USDA BY-PRODUCT DROP VALUE The offal value from a typical slaughter hog for the week ended 6/ 5/ 2020 was estimated at 3.68 per cwt live, down -0.05 when compared to last week. CALCULATIONS FOR BY-PRODUCT VALUE- Lbs Price Change Value Prv/Wk Cheek meat, trimmed 0.28 119.75 4.75 0.34 Chitterlings 1.26 42.00- 0.53 Ears, edible export 0.19 150.00- 0.29 Tongues, grn, bnls, sml bx 0.18 64.00- 0.12 Hearts, slashed, domestic 0.28 76.00-...
GX_GR110 Springfield, IL Fri, Jun 05, 2020 USDA-IL Dept of Ag Market News Chicago Terminal Grain Report To Arrive Truck and Rail Bids for Grain Delivered to Chicago. The following quotations represent Bids from Terminal Elevators, Processors, Mills, and Merchandisers after 1:30 p.m. today. Grain Bids Delivery Change Basis Change SRW Wheat 5.2025-5.3025 30 Days DN 8.5 5 N to 15 N UNCH Soybeans 8.5275-8.5775 Spot UNCH -15 N to -10 N UNCH Soybeans 8.5275-8.5775 15-30 Days UNCH -15 N...
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Bayer AG (BAYZF) was dealt a setback in its efforts to provide farmers with new weapons against hard-to-kill weeds, after a federal appeals court vacated the Trump administration's approval of a controversial weedkiller made by the agribusiness giant. Circuit Court of Appeals said Wednesday that the Environmental...
Tyson to Benefit From Higher Margins as Production Ramps Up-- Market Talk. 1437 ET- Tyson is set to benefit from higher margins as it begins to reopen plants and ramp up production, Bernstein says. The meat-packing industry is seeing record-high margins thanks to livestock slaughter remaining substantially below year-ago levels.
Wheat Climbs on Fund Interest. Wheat for July delivery rose 2.3% to $5.23 3/ 4 a bushel on the Chicago Board of Trade Thursday, with managed money funds closing short positions as Russian prices continue to rise. Corn for July delivery rose 1.5% to $3.29 a bushel.
Bayer AG (BAYZF) was dealt a setback in its efforts to provide farmers with new weapons against hard-to-kill weeds, after a federal appeals court vacated the Trump administration's approval of a controversial weedkiller made by the agribusiness giant. Circuit Court of Appeals said Wednesday that the Environmental Protection Agency in 2018 failed to acknowledge or significantly understated risks posed by three herbicides, including Bayer's XtendiMax, whose active ingredient...
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