Edition:
United Kingdom

Agriculture Headlines

Monsanto loses bid to stop Arkansas ban on farm chemical

An Arkansas judge on Friday dismissed a Monsanto Co lawsuit aiming to stop Arkansas from blocking the use of a controversial farm chemical the company makes, dealing a blow to its attempts to increase sales of genetically engineered seeds.

LIVESTOCK-Live cattle rally on stronger Plains cash market

Chicago Mercantile Exchange live cattle futures climbed to fresh three-month highs on Friday as firming beef packer bids at U.S. Plains feedlot markets fueled expectations of higher cash cattle sales this week. Tighter supplies of market-ready cattle on feedlot showlists this week helped to support the cash market. Trading later developed near the futures market close. "The market rallied all week anticipating higher cash trade," said Midwest Market Solutions President Brian Hoops. "Feedlots really had a bullish mentality with the smaller cattle numbers and the fact that packers were short-bought so they priced the showlists accordingly," he said. Feedlot cattle traded in Kansas and Texas at $129 to $130 per cwt, up from $125 to mostly $126 a week earlier, according to trade sources. Several weeks of harsh winter weather in the Plains had slowed cattle weight gains, which limited slaughter-ready supplies for packers. Those cattle, however, will ultimately reach market weight in the coming weeks. That, traders said, weighed on deferred futures contracts. CME February live cattle ended up 0.825 cent per pound at 130.100 cents. Actively traded April gained 0.400 cent to 127.650 cents and June rose 0.075 cent to 118.675 cents. Feeder cattle futures closed narrowly mixed, with prices anchored by cash market headwinds as demand for feeders is slowing seasonally. March feeders were down 0.100 cent per pound at 149.725 cents while April futures rose 0.100 cent to 152.400 cents. CME lean hog futures declined on technical selling and pressure from easing cash market prices. Cash hogs in the closely followed Iowa and southern Minnesota market dropped by 41 cents per cwt on Friday. Actively traded CME April lean hogs settled 1.575 cents per pound lower at a 4-1/2 month low of 68.150 cents after failing at midweek to break above chart resistance at their 200-day moving average. May futures were 0.975 cent lower at 74.925 cents. (Reporting by Karl Plume Editing by Matthew Lewis)

BRIEF-Monsanto Paid $2.5 Million In Cash For CEO

* MONSANTO - SPECIAL AWARDS WERE PAID IN CASH ON FEB 13, IN AMOUNT OF $2.5 MILLION FOR CHAIRMAN & CEO AND $250,000 FOR OTHER NAMED EXECUTIVE OFFICERS Source text: (http://bit.ly/2C7d81Q) Further company coverage:

Grain movements at northern Brazil ports jumped 80 pct in 2017

The amount of soy and corn moved through Brazil's new port terminals in the country's north reached 51.2 million tonnes in 2017, 80 percent more than a year earlier, as traders increase shipments through the terminals that are closer to export destinations.

//