A slew of U.S. ethanol plants have shut down as fuel demand has collapsed during the coronavirus outbreak, and meatpackers have been hit by a worrying side-effect: less carbon dioxide is now available to chill beef, poultry and pork. "We're headed for a train wreck in terms of the CO2 market," said Geoff Cooper, president of the Renewable Fuels Association industry group.
A slew of U.S. ethanol plants have shut down as fuel demand has collapsed during the coronavirus outbreak, and meatpackers have been hit by a worrying side-effect: less carbon dioxide is now available to chill beef, poultry and pork. "We're headed for a train wreck in terms of the CO2 market," said Geoff Cooper, president of the Renewable Fuels Association industry group.
Major U.S. meat companies said on Monday they shut three facilities that produce pork and beef in Iowa and Pennsylvania in the latest disruption to the country's food supply chain from the coronavirus outbreak.
Four workers at an Archer Daniels
Midland Co (ADM) corn processing facility in Clinton, Iowa, have tested positive for coronavirus, the company said on Monday. The employees and those they have come in contact with have been quarantined and the facility is being deep cleaned to prevent further spread, the Chicago-based grain trader and processor said.
Coronavirus Hits Meat Plants as Some Workers Get Sick, Others Stay Home. The coronavirus pandemic is hitting U.S. meat operations, slowing and temporarily halting production at some plants as sickness and fear keep workers home. Meat plant employees, working by the hundreds in plants, with many standing side by side on processing lines, play a critical role in replenishing supermarkets.
Wheat Futures Jump as Virus-Stricken Nations Seek Food Security. Wheat for May delivery rose 1.2% to $5.55 3/ 4 a bushel on the Chicago Board of Trade on Monday, as major wheat exporters like Brazil and Russia take measures to ensure the availability of the grain domestically. Countries seeking to stockpile wheat as they respond to the coronavirus pandemic buoyed traders hoping for demand for U.S. wheat.
GX_GR110 Springfield, IL Mon, Apr 06, 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 5.6075-5.7075 30 Days UP 6.5 5 K to 15 K UNCH Soybeans 8.3550-8.4550 Spot UP 1.25 -20 K to -10 K UNCH Soybeans 8.3550-8.4550 15-30 Days UP 1.25...
Brazilian food processor BRF
SA (BRFS) said on Monday the Chinese customs authority has cleared its Dourados poultry plant to resume exports to China, raising the total number of BRF units authorized to sell to the Asian country to 14. BRF said Dourados has capacity to slaughter 130,000 birds per day.
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