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Food and Beverage Agriculture

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  • NEW YORK— McDonald's and its supplier Tyson Foods say they've cut ties with a chicken farmer after an advocacy group released a video taken with a hidden camera that the group said showed abusive practices at its farm. Tyson Foods Inc. said in a statement that it was investigating the situation, but that it terminated the farmer's contract "based on what we...

  • Aug 27- A Delaware judge on Thursday said David Murdock, the billionaire chief executive of Dole Food Co, is liable to shareholders for $148.2 million of damages for having shortchanged them when he took the fruit and vegetable producer private in 2013.. In his 106- page decision, Laster also held Dole's recently retired chief operating officer, C. Michael Carter,...

  • *Wheat forecasts for Russia, Ukraine and EU raised. LONDON, Aug 27- Global grain supplies will reach historic highs in the 2015/ 16 season, the International Grains Council said on Thursday, a development that could make world food prices even cheaper. The IGC raised its forecasts for wheat crops in Russia, Ukraine and the European Union and also upwardly revised its...

  • Grain mostly higher and livestock higher Thursday, 27 Aug 2015 | 10:47 AM ET

    CHICAGO— Grain futures were mostly higher in early trading Thursday on the Chicago Board of Trade. Wheat for December delivery lost 2 cents to $4.9220 a bushel; December corn was. 25 cent higher at $3.7340 a bushel; December oats were 4.25 cents higher at 2.20 a bushel; while November soybeans gained 10 cents to 8.75 a bushel. October live cattle was 2.23 cents higher...

  • GRAINS-Soybeans higher as China alarm ebbs Thursday, 27 Aug 2015 | 8:01 AM ET

    *Soybean market sensitive to China as top importer. *Wheat curbed by supply, expected Black Sea sale to Egypt. PARIS/ SYDNEY, Aug 27- U.S. soybean futures rose more than 1 percent on Thursday, tracking a broad rally in commodities and equities as investors were reassured by policymakers following the market plunge on fears of a sharp downturn in China.

  • *Soybeans recoup nearly all losses from previous session. *Corn firms, wheat rallies as market sentiment improves. Soybeans have suffered heavy losses this week on concerns that China- the world's largest buyer of soybeans- is seeing an economic slowdown.

  • But the USDA has yet to give the clearance that would allow any chicken sites in Iowa, the top egg-producing state, to bring in replacements. The USDA clears farms on a case by case basis after testing to make sure the virus has been eliminated. Minnesota and Iowa turkey farms, infected before some of the chicken farms, have begun restocking thanks to a faster cleanup...

  • Farm profits to fall second consecutive year Wednesday, 26 Aug 2015 | 4:47 PM ET

    DES MOINES, Iowa— It will be a less profitable year for farmers as low grain, milk and hog prices cut into income, U.S. Department of Agriculture officials say. Net farm income is expected to decline 36 percent to $58.3 billion, the USDA said in a report released Tuesday. "A lot of the cash reserves that we've built up over the past few years, that's what we're burning...

  • Monsanto abandons takeover bid for Swiss rival Syngenta Wednesday, 26 Aug 2015 | 11:16 AM ET

    WASHINGTON— Agricultural business giant Monsanto is abandoning its takeover bid for competitor Syngenta AG after the Swiss chemical producer rejected its latest offer of nearly $47 billion. A combination with Basel- based Syngenta would have made Monsanto the world's largest producer of farming chemicals, in addition to its market-leading seed business.

  • Grain lower and livestock lower Wednesday, 26 Aug 2015 | 10:28 AM ET

    CHICAGO— Grain futures were mostly lower in early trading Wednesday on the Chicago Board of Trade. Wheat for December delivery lost 2.50 cents to $4.97 a bushel; December corn was 1.25 cents lower at $3.7820 a bushel; December oats were 2 cents lower at 2.1720 a bushel; while November soybeans lost 2.25 cents to 8.7540 a bushel. October live cattle was. 33 cent lower...

  • KHC hit with turkey bacon recall Wednesday, 26 Aug 2015 | 8:00 AM ET
    KHC hit with turkey bacon recall

    Kraft Heinz recalls two million pounds of turkey bacon from shelves to ensure consumer safety.

  • Spain kicks off 70th annual 'Tomatina' battle Wednesday, 26 Aug 2015 | 8:00 AM ET
    Spain kicks off 70th annual 'Tomatina' battle

    Spaniards paint their town red in its annual tomato tossing battle.

  • *Corn firm amid uncertainty over size of U.S. crop. HAMBURG/ SYDNEY, Aug 26- U.S. soybeans fell on Wednesday on concern that Tuesday's interest rate cuts may not be enough to stimulate growth in China, the world's largest soybean importer. Corn and wheat rose, rebounding from losses on Tuesday.

  • Soaring onion prices in India create headache for Modi Wednesday, 26 Aug 2015 | 12:01 AM ET
    NEW DELHI, INDIA - AUGUST 24: Delhi Pradesh Congress Women Workers Protest against BJP Government on Onion and others Food Price Hike at BJP office in New Delhi.

    High onion prices are a challenge to Indian Prime Minister Narendra Modi ahead of state elections, the Financial Times reports.

  • *Soybeans give back some gains from previous session. Soybeans recovered slightly on Tuesday from heavy losses this week when China cut interest rates and banks' reserve requirements for the second time in two months after a plunging stock market sent shockwaves around the globe. "Soybeans are again reflecting the broader trends," said Phin Ziebell,...

  • SYDNEY, Aug 26- U.S. soybeans fell on Wednesday, losing much of their gains from the previous session as nervousness over the outlook for the Chinese economy pressured prices despite the latest stimulus step by Beijing. *Chicago Board of Trade November soybeans fell 0.34 percent to $8.74-3/ 4 a bushel, having firmed 0.43 percent on Tuesday. *China cut interest rates...

  • Farm income seen falling 36% in 2015 Tuesday, 25 Aug 2015 | 5:18 PM ET
    Three farm tractors in a freshly cut cornfield near Visalia, California.

    According to USDA, net farm income is forecast to be $58.3 billion in 2015. That's far worse than the government's February outlook.

  • TURNER, Maine— An egg producer says it's going to keep the current management in place at Maine's largest egg farm. Pennsylvania- based Hillandale Farms signed a lease to run the farms that were previously operated by a Land O'Lakes subsidiary. Hillandale Farms reached the agreement last month.

  • *USDA corn, soybean conditions match expectations. WINNIPEG, Manitoba, Aug 25- U.S. soybeans rebounded on Tuesday off a more than six-year low, helped by China's decision to cut interest rates, although fears of a cooling economy in the world's largest buyer of the oilseed kept gains in check. Bargain buying and a bounce in other commodities, such as crude oil, nudged...

  • Grain higher, livestock higher Tuesday, 25 Aug 2015 | 10:27 AM ET

    CHICAGO— Grain futures were higher in early trading Tuesday on the Chicago Board of Trade. Wheat for December delivery gained 2.50 cent to $5.1040 a bushel; December corn was. 50 cent higher at $3.8120 a bushel; December oats was 2.50 cents higher at 2.2340 a bushel; while November soybeans gained 5.50 cents to 8.7960 a bushel. October live cattle was. 20 cent higher...