The European Bank for
Reconstruction and Development is hitting its lending limit with
Kazakhstan's sovereign wealth fund, risking a sharp drop off in
its annual 1 billion euro lending programme to the country.
Asia Pacific Resources
International Limited (APRIL) has suspended forestry operations
at its Indonesian pulp and paper subsidiary after the government
cancelled a long-term work plan citing environmental
Chicago Mercantile Exchange lean
hog futures rose on Thursday, hitting their highest level
in two months led by steadily climbing prices for market-ready,
or cash, hogs as packers competed for supplies, said traders.
December hogs finished 0.500 cent per pound higher
at 64.250 cents, and February ended 0.475 cent higher at
Daily hog slaughters have consistently made new records,
partly because new pork processing plants in operation are
buying animals to maintain market share and make good on meat
orders, a trader said.
Soon farmers may be faced with less money for their hogs as
higher prices for them wear down packer profits, and retailers
switch to promoting more beef following the conclusion of
October National Pork month, a trader said.
LIVE CATTLE SOFT BEFORE REPORT
Nearby CME live cattle settled modestly lower, pressured by
this week's less-than-expected cash prices and caution before
the U.S. Department of Agriculture's monthly Cattle-On-Feed
report on Friday, said traders.
"The market was just biding time until Friday's report,"
said Oak Investment Group President Joe Ocrant.
October live cattle, which will expire on Oct. 31,
finished 0.275 cent per pound lower at 111.200 cents. Most
actively-traded December closed down 0.500 cent to
This week packers paid mostly $110 per cwt for cash cattle
in the U.S. Plains that a week earlier moved at $111, said
Processors balked at paying more for supplies after two or
three weeks of higher cash prices trimmed their margins,
although those profits remain high historically, said analysts
They said processors have ample supplies now, but those
numbers could decline after some ranchers and feedlots moved
animals to market ahead of schedule to avoid possibly lower
prices in the weeks ahead.
Buy stops and technical buying pulled up CME feeder cattle
contracts. Feeder cattle futures' discounts to CME's feeder
cattle index for Oct. 18 at 155.08 cents provided added market
October ended up 0.625 cent per pound to 153.150
(Reporting by Theopolis Waters; Editing by David Gregorio)
Argentine farmers are expected to expand corn planting by 5.2 percent this season, the government said on Thursday, as the free-market policies of President Mauricio Macri encourage crop rotation after decades of over-planting soy.
The World Health Organization's cancer agency dismissed and edited findings from a draft of its review of the weedkiller glyphosate that were at odds with its final conclusion that the chemical probably causes cancer.
Lab experiments on a new strain
of the H7N9 bird flu circulating in China suggest the virus can
transmit easily among animals and can cause lethal disease,
raising alarm that the virus has the potential to trigger a
global human pandemic, researchers reported on Thursday.