Corn Finds New Highs as Rainfall Misses Dry Areas. Corn for July delivery rose 1.7% to $7.31 1/ 2 a bushel, its highest close since March 2013, on the Chicago Board of Trade Friday as U.S. rainfall this weekend may come up short in quenching the driest crop areas. Soybeans for July delivery rose 1.3% to $15.98 a bushel, its highest close since September 2012. Wheat for July delivery rose 1.3% to$ 7.63 1/ 4 a bushel, its highest close since February 2013..
Beyond Meat Looks to Backyard Grills for Rebound-- Market Talk. 0955 ET- Backyard grills may hold the key to plant-based burger maker Beyond Meat's rebound. With a long way to go before lodging and recreation sales return to pre-pandemic levels, Credit Suisse analysts say that to achieve targeted 2 Q sales, Beyond will need to heavily promote the new "3.0" version of its burgers and land its products in more grocery store meat cases ahead of the summertime grilling season.
NW_LS446 Des Moines, IA Fri, May 07, 2021 USDA Market News WEEKLY USDA BY-PRODUCT DROP VALUE The offal value from a typical slaughter hog for the week ended 5/ 7/ 2021 was estimated at 4.88 per cwt live, down -0.01 when compared to last week. CALCULATIONS FOR BY-PRODUCT VALUE- Lbs Price Change Value Prv/Wk Cheek meat, trimmed 0.28 124.00- 0.35 Chitterlings 1.26 42.00- 0.53 Ears, edible export 0.19 150.00- 0.29 Tongues, grn, bnls, sml bx 0.18 95.00- 0.17 Hearts, slashed, domestic 0.28 95.00 2.00...
Europe's consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. Over the past year, the fallout from COVID-19 has contorted both the demand and supply sides of the global economy, creating bottlenecks in supply chains, havoc in freight markets and a rally in raw materials from corn to copper.
Soybeans Rise to New Highs as Weather Stays Dry. Soybeans for July delivery rose 1.8% to $15.71 1/ 2 a bushel, its highest close since October 2012, on the Chicago Board of Trade Thursday. Dry conditions in North and South America squeezed supply amid robust demand.
Chicken Shortage Sends Prices Soaring, and Restaurants Can't Keep Up. Chicken wings are flying off the shelves. After a year promoting takeout wings and crispy chicken sandwiches, restaurants including KFC, Wingstop Inc. and Buffalo Wild Wings Inc. say they are paying steep prices for scarce poultry.
The Brazilian Agriculture Ministry said in a statement on Thursday that Saudi Arabia has banned imports from 11 poultry plants in the country, adding that no justification for the move was provided. The ministry said it has initiated talks with Saudi Arabia regarding the bans.
Brazil's unit of U.S.-based grain trader Bunge (BG) announced on Thursday a partnership with logistics and technology provider Target for creation of a company focusing on the hiring of road freight digitally. The company will be called Vector, and the move comes one year after the launch of an application of the same name that was developed for Bunge (BG) to hire freight more efficiently.
President Biden has said his tax proposals would make big business and wealthy investors pay their fair share. His package would also likely deliver a blow to American farm owners by limiting a longstanding tax break. The provision allows landowners to defer paying capital-gains tax when they sell investment property and put the proceeds toward the purchase of other real estate.
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