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Agriculture

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  • US bird flu epidemic is waning: USDA official Tuesday, 26 May 2015 | 2:12 PM ET
    No trespassing signs are posted on the edge of a field at a farm operated by Daybreak Foods which has been designated 'bio security area' on May 17, 2015 near Eagle Grove, Iowa.

    The U.S. poultry industry is confronting a record bird flu outbreak, which has led to the death or culling of 40 million birds.

  • EU wheat hit by Chicago slump, euro underpins Tuesday, 26 May 2015 | 1:21 PM ET

    A corresponding drop in the euro, however, helped keep losses in Europe more restrained than in Chicago. December milling wheat, the new-crop benchmark and most active contract on Euronext, settled 1.50 euros or 0.8 percent lower at 182.50 euros a tonne. "If tonight's U.S. crop progress report does not raise any fresh concerns, the pullback has every chance of...

  • *Wheat to 1-1/ 2 week low on strong dollar, technical selling. *Corn down on lower wheat, good Midwest crop weather. Wheat traders are awaiting reports on the extend of crop damage following torrential rains in Texas and Oklahoma over the long holiday weekend.

  • Grain mixed, livestock mixed Tuesday, 26 May 2015 | 10:56 AM ET

    CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for July delivery was down 8.5 cents to $5.0675 a bushel; July corn was 2.5 cents lower at $3.5750 a bushel; July oats were unchanged at $2.4250 a bushel; while July soybeans gained 4.75 cents to 9.29 a bushel. August live cattle was. 53 cent higher at $1.5265 a pound; August...

  • GRAINS-U.S. wheat eases as dollar curbs weather rally Tuesday, 26 May 2015 | 8:27 AM ET

    *Wheat market eyes USDA crop report for signs of rain damage. SINGAPORE/ PARIS, May 26- Chicago wheat futures edged lower on Tuesday as traders awaited a government crop update to assess any damage from heavy rain, while a rising dollar put pressure on U.S. commodities. Soybeans ticked up, steadying from their lowest in nearly eight months during the previous...

  • *OIE warns U.S. bird flu viruses could spread to Mexico. PARIS, May 26- An epidemic of bird flu that has devastated U.S. poultry flocks this year is likely to be under control within four months as the United States steps up measures to contain the virus, the head of the World Organisation for Animal Health said. However, there is a high risk that strains of the virus will...

  • PORTLAND, Maine— After eyeing a piece of haddock on the supermarket counter, a customer scans a code and finds out the fish was caught in the waters of Georges Bank and learns the name of the fishing boat— and maybe even sees a picture of the smiling, rain-slickened fisherman who reeled it in. Welcome to the future of buying New England seafood. In an era when many...

  • HONOLULU— Demonstrators spent Saturday planting coconut trees and waving signs in rallies across the Hawaiian Islands as part of an international day of protests against agriculture business Monsanto. The protesters complained about the impacts that companies like Monsanto have on the community when they spray fields with chemical pesticides.

  • CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take such a public stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in...

  • CHICAGO, May 22- The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled. "Coming up with new products is really what keeps us up at night," said Chris Cuddy, president of corn processing.

  • Deere by the numbers   Friday, 22 May 2015 | 2:17 PM ET
    Deere by the numbers

    Checking in on Deere profits, and the outlook for the agriculture industry, with Vishal Shah, Deutsche Bank, and Eli Lustgarten, Longbow Research.

  • Deere challenged by stronger dollar   Friday, 22 May 2015 | 2:15 PM ET
    Deere challenged by stronger dollar

    CNBC's Mary Thompson provides insight to Deere's revenue and profit in the second quarter.

  • Wal-Mart urges meat suppliers to curb antibiotic use Friday, 22 May 2015 | 1:42 PM ET

    CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take a stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in other...

  • Nevertheless, total egg production rose slightly in April, supported by a greater output of eggs for hatching into meat-producing birds and more egg-laying hens, the USDA reported. The USDA's Animal and Plant Health Inspection Service has since confirmed cases in 54 Iowa flocks containing more than 26 million birds, most of them egg-laying hens.

  • Trader: Deere goes above $100   Friday, 22 May 2015 | 12:41 PM ET
    Trader: Deere goes above $100

    FMHR trader Josh Brown thinks Deere goes higher, while Stephen Weiss takes a bearish stance.

  • For the corn lobby, which represents corn-based ethanol producers, the EPA's proposals will signal whether Big Oil is winning a battle over market share or whether the political tide can be turned back in ethanol's favor despite opposition from car manufacturers, among other industries. "It would be crazy not to acknowledge the blend wall," said Jeremy Martin of...

  • No sunny side: Bird flu squeezing egg prices Friday, 22 May 2015 | 12:10 PM ET
    Eggs

    Normally a low-cost egg producer, the U.S. might be looking to import more costly eggs as the bird flu outbreak spreads.

  • Making wine from wastewater: No, it's not a joke Friday, 22 May 2015 | 12:00 PM ET
    Green Island Vineyards grows Pinot Noir grapes for top Napa Valley wineries, and uses treated wastewater to irrigate.

    "California has a lot of growing up to do on how to use water well," says a Napa wine grape grower who uses recycled wastewater to irrigate his vines.

  • CHICAGO, May 22- Deere& Co on Friday reported a higher-than-expected quarterly profit and raised its full-year outlook after cost cuts helped compensate for weakening demand for its farm equipment. "We are pleased to see Deere management proactively attacking costs... amid the agriculture downturn," Edward Jones equity analyst Matt Arnold wrote in a note for...

  • Grain lower, livestock mixed Friday, 22 May 2015 | 10:53 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $5.22 a bushel; July corn was 2.75 cents lower at $3.6225 a bushel; July oats were unchanged at $2.4425 a bushel; while July soybeans fell 3.5 cents to 9.35 a bushel. August live cattle was. 05 cent lower at $1.5085 a pound; August feeder...