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Thursday, November 24, 2011
Weekly US Broiler Hatchery Report
US - According to the USDA's National Agricultural Statistics Service (NASS), compared to the same week last year, six per cent fewer broiler-type eggs were set and eight per cent fewer chicks were placed....
CME: Inventory of Frozen Meat Down
US - USDA's monthly Cold Storage report, released on 22 November, indicates that the total inventory of frozen meat and poultry as of 31 October was smaller than either last month or the October 2010, write Steve Meyer and Len Steiner. ...
Hormel Sees Annual Profits Rise
US - US-based international meat and food processing giant, Hormel, has reported a rise in annual net earnings of 16 per cent to $474.2 million compared to $409 million last year. ...
Wednesday, November 23, 2011
USDA Chicken and Eggs Report - November 2011
US - Egg production totalled 7.78 billion during October 2011, up one per cent last year, according to the USDA's National Agricultural Statistics Service (NASS) in its monthly Chickens and Eggs report for November 2011....
Tuesday, November 22, 2011
Eggs in Short Supply after Abuse Video Released
US - Two supermarkets withdrew eggs from the shelves last week following the release of a video showing animal abuse at a leading egg producer....
Monday, November 21, 2011
Wayne Farms to Cut Jobs
US - Poultry processor Wayne Farms is to axe more than 350 jobs at its further processing plants in Decatur, Alabama. ...
USDA Invests to Help Sustain Global Market Demand
US - Agriculture Secretary Tom Vilsack announced last week (16 November) that the US Department of Agriculture (USDA) is investing in approximately 70 US agricultural organisations to help expand commercial export markets for their goods. ...
Friday, November 18, 2011
Ag Appropriations Bill Disappoints Family Farmers
US - H.R. 2112, the "minibus" legislation that includes the agricultural appropriations bill, along with two other appropriations bills and the continuing resolution to keep the federal government running through mid-December was passed....
Thursday, November 17, 2011
Fight Following Ag Appropriations Conference Report
US - National Farmers Union (NFU) sent a letter yesterday to all members of Congress expressing concerns with the Fiscal Year 2012 (FY 2012) agriculture appropriations language in the conference committee report for H.R. 2112....
US Egg Farm Compensates Salmonella Victims
US - Dozens of people sickened last year after eating salmonella-tainted eggs will receive compensation, including six-figure checks for two children, in the first wave of legal settlements with the US egg producer blamed in the outbreak, attorneys in...
Monthly US Turkey Hatchery Report
US - According to the USDA's National Agricultural Statistics Service (NASS), three per cent fewer turkey eggs were in incubators on 1 November 2011 than the same date in the previous year and two per cent more poults were hatched in October 2011 than...
Weekly US Broiler Hatchery Report
US - According to the USDA's National Agricultural Statistics Service (NASS), compared to the same week last year, five per cent fewer broiler-type eggs were set and eight per cent fewer chicks were placed....
Tuesday, November 15, 2011
Corn & Soybean Prices Continue to Struggle
US - Corn prices have traded in a sideways pattern since mid-October, but are currently in the lower end of the recent range. Soybean prices have trended lower over the past month, with January futures now back near the early October lows, writes Darrel...
CME: Beef, Pork & Broiler Production Down
US - Two pieces of data that were available for each species for last week are estimated slaughter and production and the changes that are occurring are, we think, critical to price expectations for the winter and spring, write Steve Meyer and Len...
Monday, November 14, 2011
New Turkey Feed Helps Producers Gobble Up Profits
MISSOURI, US - As feed prices have risen in recent years, feeding turkeys has become more costly than many producers can bear. Satisfying turkeys' hunger accounts for 70 per cent of the cost of producing turkey meat. Now, a researcher at the University...
CME: What Drives Seasonal Price Variations?
US - We mention seasonal price variation on a regular basis in these pages but what exactly drives those variations, ask Steve Meyer and Len Steiner....
USDA Corn Crop Estimates Down
US - USDA's November crop report lowered their estimate of the 2011 corn crop yield by 1.4 bushels to 146.7 bushels per acre. They are now estimating the 2011 corn crop at 12.31 billion bushels, down 123 million bushels from their October, writes Ron...
Friday, November 11, 2011
CME: Corn & Soybeans Have Modest Yield Reduction
US - USDA’s monthly Crop Production and World Agricultural Supply and Demand Estimates, released on Wednesday indicate modest reduction in both yield and crop size for both corn and soybeans but do not involve higher price forecasts for either...
US Corn Yield Projections Lowest Since 2003
US - Corn production for 2011-12 is forecast at 146.7 bushels per acre, the lowest since 2003-04, according to this month’s United States Department of Agriculture (USDA) World Agriculture Supply and Demand Estimate (WASDE) report....
Thursday, November 10, 2011
FSIS Revises Definitions of US Poultry Classes
US - The Food Safety and Inspection Service (FSIS) is amending the definitions and standards for the official US classes of poultry so that they more accurately and clearly describe the characteristics of poultry in the market today....
Weekly US Broiler Hatchery Report
US - According to the USDA's National Agricultural Statistics Service (NASS), compared to the same week last year, six per cent fewer broiler-type eggs were set and eight per cent fewer chicks were placed....
Tight Stocks, Strong Demand Continue for Corn
US - The US corn market continues to be characterised by tight stocks and strong demand as farmers wrap up this year's harvest and look to next year’s crop, according to economists with the American Farm Bureau Federation....
Wednesday, November 09, 2011
CME: GIPSA Shed Light on Rule Changes
US - USDA’s Grain Inspection Packers and Stockyards Administration (GIPSA) finally shed some light last week about the status of the sweeping rule changes it proposed last year, write Steve Meyer and Len Steiner....
Tuesday, November 08, 2011
Progress in Soybean Exports
US - Since 1 October, November 2011 soybean futures have traded in a range of $1.20, with a high of $12.72. The price of that contract is currently about in the middle of the recent trading range and $2.50 below the contract high reached on 31 August....
Monday, November 07, 2011
CME: Corn Diverted from Feed to Ethanol
US - In their previous discussion, Steve Meyer and Len Steiner focused on the expansion in global economic activity and population and whether cattle and hog supplies have increased fast enough to properly meet the growth in demand. ...
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