CHICAGO, May 14 (Reuters) – U.S. corn yields are unlikely to
reach their full potential this year as the slowest planting
pace on record shortens the growing season, increasing risks
that plants will pollinate under peak summer heat, agronomists
said on Tuesday.
“We have taken some off of our yield potential,” said
Emerson Nafziger, extension agronomist at the University of
Illinois. “Our preference is to have it in the ground by May 1.”
CHICAGO, April 26 (Reuters) – U.S. soybean crushers are
running at reduced capacities and bidding record premiums for
beans from tight-fisted farmers as demand for protein-rich
animal feed has shown few signs of slowing down amid port
congestion during bumper harvests in South America, processors
and traders said on Friday.
Big processors such as Archer Daniels Midland Co,
Bunge Ltd and Cargill Inc that crush soybeans
and then sell meal and oil have struggled to buy beans from
farmers who refuse to sell any leftovers from last year as a
price hedge against the possible return to drought conditions.
April 18 (Reuters) – The U.S. Agriculture Department’s
comment period ends on Thursday on whether to release weekly
export data for dried distillers’ grains, a “co-product” of
ethanol production that has become increasingly popular as
The government currently releases monthly export data for
so-called DDGs and the decision on weekly numbers could come
within months, said USDA spokeswoman Sally Klusaritz.
CHICAGO, March 20 (Reuters) – Persistently cold weather and
snowfall on the first day of spring have crimped demand for
high-quality cuts of beef in the United States at a time of year
that typically sees increased purchases for so-called grilling
season, analysts and traders said on Wednesday.
In a rare move, wholesale prices for choice-grade beef
dipped below those of leaner but lesser-quality select cuts,
according to the U.S. Agriculture Department.
March 6 (Reuters) – Leading U.S. ethanol maker POET
Biorefining, in a rare move, is bidding for soft red winter
wheat (SRW) at an Indiana facility as supplies of corn, the main
feedstock in ethanol production, shrink to the smallest in 17
Privately held POET, the country’s No. 2 ethanol maker
behind Archer Daniels Midland Co, was bidding to buy SRW
wheat, a variety grown primarily in the eastern U.S. Midwest and
typically used to make crackers and biscuits.
CHICAGO (Reuters) – Farmers and agribusiness companies are worried that across-the-board federal budget cuts will snarl the supply channels for everything from milk and broiler chickens to grain shipments, but many are hopeful that the Obama administration and Republican opponents will find a compromise before major disruptions hit the food system.
Most immediate concerns center on federal meat inspectors at U.S. meat plants, who must be present by law for animal slaughter and meat processing to take place. U.S. Agriculture Secretary Tom Vilsack said the U.S. Department of Agriculture’s meat safety agency would have to furlough its 8,400 inspectors for 11 to 12 days to compile the savings required under the automatic federal budget cuts.
CHICAGO, March 1 (Reuters) – U.S. cash cattle prices jumped
this week, posting their biggest increases in a year after
blizzard conditions in the southern U.S. Plains reduced the
amount of market-ready animals and slowed deliveries to packing
plants, traders and analysts said on Friday.
Live steer and heifer prices increased $5 per cwt in the top
cattle producing state of Texas, the largest increase since
February 2012. That is expected to push wholesale beef prices
higher and could further reduce already lackluster consumer
demand for red meat.
CHICAGO, Feb 20 (Reuters) – U.S. lumber futures fell 1.7
percent, touching the lowest level in two weeks, on Wednesday
after housing starts declined and fell below analyst
expectations, traders said.
Lumber futures were headed for their biggest two-day slide
in a month after hitting a nearly eight-year peak on Monday.
Feb 11 (Reuters) – The United States exported a record-large
volume of pork in 2012 while the value of both pork and beef
exports was the most ever despite a decrease in shipments as the
year came to a close, government and trade group data released
on Monday showed.
Pork exports totaled 2.26 million tonnes, up narrowly from
2011, with the value of those sales up 4 percent at $6.3
billion, both records, according to the U.S. Meat Export
Federation, which compiles USDA data that was issued on Monday.
July 30 (Reuters) – Hard-hit U.S. livestock and poultry
producers petitioned the government on Monday to reduce or
cancel the required use of ethanol in gasoline for a year,
asking for “a little help” to ride out the worst drought in 56
The request for a first-ever waiver from the federal
Environmental Protection Agency’s mandate, which in essence
requires that more than a third of the U.S. corn harvest be
converted into ethanol, comes as grain prices have surged to
record highs, driving up feed costs and squeezing profits for