Edition:
United States

Karl Plume

U.S.-China trade war rattles agribusinesses, especially Bunge

Feb 20 2019

CHICAGO U.S. President Donald Trump's trade war with China has roiled agricultural markets and given the world's top grain merchants the one thing they have long claimed was essential to turn a trading profit: volatility.

Tyson Foods quarterly sales miss on lower pork sales

Feb 07 2019

Tyson Foods Inc reported weaker-than-expected first-quarter sales on Thursday as the largest U.S. meat processor was stung by weaker pork prices and sales volumes and lower chicken prices.

Exclusive: China buys U.S. soybeans a day after trade talks - traders

Feb 01 2019

Chinese state-owned firms bought at least 1 million tonnes of U.S. soybeans on Friday, a day after high-level bilateral talks yielded progress toward a trade deal and a Chinese commitment to buy more U.S. soybeans.

Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant

Jan 30 2019

Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion (£7.64 billion) Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised. | Video

Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant

Jan 30 2019

Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised. | Video

Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant

Jan 30 2019

Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised. | Video

China buys more U.S. soy as officials meet for trade talks

Jan 07 2019

CHICAGO Chinese importers made their third large U.S. soybean purchase in the past month on Monday, as officials from both countries meet this week for the first face-to-face talks since agreeing to a 90-day trade war truce on Dec. 1, two traders with knowledge of the deals said.

Inside China's strategy in the soybean trade war

Dec 27 2018

(This September 19 story corrects word order in paragraph 20.)

REFILE-RPT-INSIGHT-Inside China's strategy in the soybean trade war

Dec 27 2018

BEIJING/CHICAGO, Sept 19 The executive from one of China's biggest soybean crushers sat on a panel at a Kansas City agricultural exports conference, listening to an expert beside him explain why China would remain dependent on U.S. soybeans to feed its massive hog herds.

LIVESTOCK-Nearby live cattle rise on firm cash market prices

Dec 21 2018

By Karl Plume CHICAGO, Dec 21 Chicago Mercantile Exchange live cattle futures ended mixed on Friday, with firm cash cattle markets supporting actively traded nearby months. Forecasts for possible winter weather in the U.S. Plains next week, which could slow down weight gains and cattle marketings, added further support. Feedlot cattle in Nebraska traded at mostly $119 per cwt on Thursday, up $1 from last week. Offers for cattle at southern Plains feedlots held firm at $121 to $122 per cwt, with trading expected on Friday afternoon. "All in all, the cattle market looks really firm right now, even though market-ready supplies in the cash market are higher than a year ago," said Doug Houghton, analyst with Brock Associates Inc. "If you look out at these smaller placements, you're looking at smaller cattle supplies in the late spring and into summer that could boost prices," he said, referring to a U.S. Department of Agriculture (USDA) cattle supply report released a day earlier. The USDA pegged the supply of all cattle on feed as of Dec. 1 at 102 percent of a year ago while cattle placed on feed in November were at 95 percent of a year ago. CME February live cattle rose 0.350 cent to 122.700 cents per pound. Deferred contracts were up 0.250 to down 0.625 cent. Feeder cattle futures ended mixed as higher corn prices limited buying interest. CME January feeder cattle futures ended down 0.075 cent at 147.350 cents while March futures were 0.075 cent higher at 145.525 cents. Nearby lean hog contracts eased on weak cash hog prices, while deferred contracts firmed on a slightly smaller-than-expected U.S. hog breeding herd. The USDA said on Thursday afternoon the U.S. hog herd and supplies kept for breeding were both at below expectations, at 102 percent of a year ago. The most active CME February hog futures contract ended down 1.250 cents at 61.100 cents per pound. Deferred contracts were down 0.550 cent to up 0.475 cent. (Reporting by Karl Plume; Editing by Richard Chang)

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