CME Group Inc. will launch futures contracts for distillers dried grains (DDGs), a byproduct of corn ethanol production that can be used to feed animals, the exchange operator said last week. Trading in the DDGs con- tracts will start on April 26.
Hog farmers, on the front lines of the $16 billion U.S. hog industry, have struggled with low prices for two years. Higher feed costs due to problems with the corn crop could cause a reduction in the amount of pork on the market due to both a drop in profitability and the slower hog growth rates.
Profitability in the unit that makes Deeres green tractors and harvesters was especially impressive, reporting margins of nearly 10 percentthree times what investors had expected, according to Eli Lustgarten, an analyst at Longbow Securities..
U.S. farmers can expect a record corn crop, another huge soybean harvest, and strong demand for its exports, which should combine to produce strong incomes for the agriculture sector this year, USDA said in its latest forecast.
The ethanol industry could face the same difficulties hitting biodiesel producers if Congress doesnt extend the 45-cent blenders tax credit by the end of 2010, the president of the Renewable Fuels Association (RFA) said last Tuesday.
Agco, which makes farm equipment under the Massey Ferguson, Challenger, Fendt and Valtra brand names, said it believed Europe and North America were stabilizing, but it still needed to reduce inventories in those markets by idling some facilities..
House Agriculture Committee Chairman Collin Peterson, D-MN, has cosponsored a House bill that would block the Environmental Protection Agency (EPA) from regulating greenhouse gases through the Clean Air Act.
A desire to continually improve Beef Quality Assurance (BQA) on their operations while successfully encouraging others around them to implement BQA was evident this week as two producers were honored with the annual national BQA award which was...
Biofuels makers have been waiting for the rules which are designed to implement a 2007 law that mandated an ever-increasing amount of biofuels be added to transportation fuel. This year, 12.95 billion gallons of renewable fuel must be part of the supply, up almost 17 percent from last year.
USDA trimmed its food inflation forecast for 2010, projecting prices at grocery stores and restaurants will rise at the same rate. USDA lowered the con- sumer price index for all food to gain 2.5 percent to 3.5 percent from its December forecast of 3 percent to 4 percent.
If you want to talk to a beef producer who really knows how to manage pastures, you cant do much better than Missouris John Wood. Forages are more than just one part of his herds feed regime; they are the only part.
With the potential of higher production costs and shift in crop acreage, the National Corn Growers Association (NCGA) shifted its position last Wednesday to oppose the House climate legislation that passed last June.
Cargill Chairman and Chief Executive Greg Page noted the agribusiness gi ants earnings in the first half of the fiscal year were up 50 percent from the last half of the previous fiscal year amid cost controls and tapping both developed and faster-growing emerging markets.
The correlation between the Dow Jones Industrial Average and the monthly close of the Reuters/Jefferies CRB Index (which tracks a basket of commodities) is a very strong 93 percent, and between the dollar and the CRB is a negative 99 percent, Newsom said.