What You Need to Know Today:
Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facility and its Eagle Mountain, Utah, case-ready plant. The company also plans to pursue the sale of its Pasco, Washington, facility. Two oil tankers owned by the UAE’s state-owned oil and gas company ADNOC were attacked while transiting the Strait of Hormuz, with the UAE accusing Iran of carrying out the attacks. The Pro Farmer Crop Tour begins Monday, August 17, and runs through August 20, providing the market with one of the first major independen...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
