|COW97 Ag News from Brownfield|
|Syngenta officials discuss plans for future growth|
|Wed, 28 Jun 2017 02:14:41 +0000|
With their acquisition by ChemChina complete, top officials of Syngenta say they want to double the size of the company over the next ten years.
At a media briefing in Switzerland this week, Syngenta leadership discussed their plans for future growth in seed, biotech and crop chemicals. They say key drivers will be further expansion in emerging markets, notably China; the stepping up of digital agriculture offers; and ongoing investment in new technologies to increase crop yields.
|EPA to repeal and replace WOTUS|
|Wed, 28 Jun 2017 01:45:12 +0000|
The Trump Administration has taken the next step in rescinding the controversial Waters of the U.S. Rule (WOTUS).
EPA administrator Scott Pruitt says his agency intends to write a new Clean Water Rule that returns power to the states and provides regulatory certainty to U.S. farmers and businesses.
Trump issued an executive order in February asking Pruitt to consider repealing WOTUS, which has drawn criticism from many ag groups and has been tied up in litigation for months.
|NCBA urges NAFTA negotiators to “do no harm”|
|Wed, 28 Jun 2017 01:18:10 +0000|
The National Cattlemen’s Beef Association is urging NAFTA negotiators to preserve access to Canadian and Mexican markets. NCBA President-Elect Kevin Kester told a U.S. Trade Representative’s hearing Tuesday it is difficult to improve upon duty-free unlimited access and urges them not to jeopardize access to those markets.
Kester also told the hearing the U.S. should not return to country of origin (COOL) labeling, which he calls “protectionist” and would put the U.S.
|Cattle futures pressured by beef, profit taking|
|Tue, 27 Jun 2017 21:06:12 +0000|
Chicago Mercantile Exchange live cattle futures were sharply lower on the sharply lower midday boxed beef and profit taking. Monday’s gains were done in pretty low volume, without a lot of fundamental backing. Live and feeder cattle both had expanded trade limits. June was down $1.87 at $119.60 and August was $3.25 lower at $115.02.
Feeder cattle were sharply lower on the drop in midday boxed beef and profit taking. Contracts were overbought following Monday’s jump, especially considering last week’s on feed numbers and the recent firm to higher trend in corn.
|Closing Grain and Livestock Futures: June 27, 2017|
|Tue, 27 Jun 2017 20:59:00 +0000|
Jul. corn closed at $3.59 and 1/4, up 1/4 cent
|Milk futures lower, cash dairy narrowly mixed|
|Tue, 27 Jun 2017 19:55:08 +0000|
Class III milk futures at the Chicago Mercantile Exchange were down on follow through selling and demand concerns. July was $.01 lower at $15.88, August was down $.10 at $16.67, September was $.10 lower at $16.87, October was down $.05 at $17.07.
Cash cheese blocks were unchanged at $1.525. The last unfilled bid was on one load at $1.51. The last uncovered offer was for on load at $1.525. Barrels were steady at $1.3675.
|Minneapolis wheat supported by spring crop conditions|
|Tue, 27 Jun 2017 19:43:33 +0000|
Soybeans were modestly higher on commercial and technical buying. The USDA’s national condition rating declined slightly over the past week, but overall, the U.S. crop is in good shape. Demand continues to be strong with new acreage and quarterly stocks numbers out Friday. Soybean meal was weak and bean oil was higher on the adjustment of product spreads.
Corn was fractionally higher on commercial and technical buying. The U.S. corn condition rating held and while near term weather conditions look good, the longer term outlooks are a little more uncertain.
|Tyson launches new animal well-being initiative|
|Tue, 27 Jun 2017 19:06:51 +0000|
Tyson Foods has launched a new initiative to improve the care of chickens on the farm and at its processing plants.
The initiative includes what Tyson calls “the most extensive third-party remote video auditing system” in the meat industry. Tyson says it has also added to its team of animal well-being specialists and is introducing a pilot project for controlled atmosphere stunning (CAS) at two of its poultry facilities this year.