CHICAGO, Jan 8 (Reuters) – Prices for select-grade U.S.
wholesale beef hit a record-high on Wednesday for the fourth
straight day, as shipments of the meat slowed after a historic
winter storm in the United States prompted a surge in live
cattle prices, analysts said.
Higher-quality “choice” beef prices also climbed, rising to
the loftiest levels since hitting an all-time high in May, 2013,
U.S. Agriculture Department data showed.
CHICAGO, Jan 8 (Reuters) – Cash premiums for spot shipments
of soybeans to processors around the U.S. Midwest and export
elevators at the Gulf Coast rose to four-month peaks on
Wednesday as buyers scrambled for supplies amid a slowdown in
deliveries due to winter weather.
A bitter cold snap that sent temperatures to record or
near-record lows in the nation’s midsection early this week has
loosened its grip slightly, but shipping challenges remained.
Jan 2 (Reuters) – Bunge North America Inc, a division of
Bunge Ltd, has sold its stake in a Mississippi ethanol
plant in what is likely to be the first a spate of industry
deals amid uncertainty over biofuel use in the United States,
analysts said on Thursday.
Ethanol makers are turning big profits now, but the future
is cloudy with the U.S. Environmental Protection agency expected
early this year to reduce the mandate to mix biofuels with
gasoline in what would be the first cut in the 2007 Renewable
Fuel Standard, or RFS.
Dec 12 (Reuters) – China has already rejected three cargoes
of U.S. corn because of an unapproved GMO variety and now U.S.
exporters are concerned some shipments of dried distillers’
grains, a corn byproduct, may be rejected for the same reason,
trade sources said.
The concerns were tied to ideas China, the world’s leading
importer of commodities, will increase testing for MIR162, the
unapproved variety commonly known as Agrisure Viptera corn by
CHICAGO, Dec 11 (Reuters) – U.S. ethanol markers are seeing
their best profit margins in more than five years on strong
demand for the biofuel and cheap corn despite a looming
reduction to the federal biofuels program, analysts and traders
said on Wednesday.
The price of corn, the main feedstock used to produced
ethanol in the United States, is hovering near a three-year low
while ethanol prices have been buoyed by demand to meet
the mandate requiring nearly every gallon of gasoline sold in
the country to be mixed with the grain-based fuel additive.
CHICAGO (Reuters) – A month ago, Steve Walk was on the brink of deals to sell two big oil refiners some of his company’s specialized oil pumps, which serve up fuel that is 85 percent ethanol, a biofuel made mostly from corn.
Walk’s company, Protec Fuel, sells and installs the equipment needed to dispense so-called E85. The deals would have nearly doubled Protec’s business, he said. The number of stations across the United States dispensing E85, which is a rarity despite the growing use of biofuels, would have jumped by 10 percent.
CHICAGO, Nov 27 (Reuters) – A month ago, Steve Walk was on
the brink of deals to sell two big oil refiners some of his
company’s specialized oil pumps, which serve up fuel that is 85
percent ethanol, a biofuel made mostly from corn.
Walk’s company, Protec Fuel, sells and installs the
equipment needed to dispense so-called E85. The deals would have
nearly doubled Protec’s business, he said. The number of
stations across the United States dispensing E85, which is a
rarity despite the growing use of biofuels, would have jumped by
CHICAGO, Nov 4 (Reuters) – U.S. ethanol plants that have
been shut for as many as five years are now coming back online
as a record U.S. harvest has pushed down corn prices and
improved profit margins for makers of the biofuel.
Agribusiness giant Cargill Inc on Monday said it
restarted a plant in Fort Dodge, Iowa, that the company
purchased in 2011 from corn processor Tate & Lyle.
Nov 4 (Reuters) – Indiana’s oldest ethanol plant will soon
restart under the new ownership of Noble Group Ltd
after the facility was idled for more than a year, local
officials said on Monday.
The 30-year-old plant in South Bend, in the northern part of
the state, was shut down last year when the former owners, New
Energy Corp, filed for bankruptcy.
CHICAGO (Reuters) – Hillshire Brands Co (HSH.N: Quote, Profile, Research, Stock Buzz) said this week that cases of a virus deadly to baby piglets were growing and the company was increasing meat prices to combat rising commodity costs tied to the disease.
The Chicago-based maker of Jimmy Dean sausages and Ball Park hot dogs was one of the first companies to state publicly that the porcine epidemic diarrhea virus, or PEDv, was hurting its bottom line – and it will not be the last, analysts said.