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Australian countryside near Bendigo, northwest of Melbourne. (CIA.gov)
Livestock, Reuters

Australia to defer decision on China land deal

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Sydney | Reuters — The Australian government is deferring until after an upcoming federal election a politically sensitive decision on whether to allow the sale of one of the country’s biggest cattle empires, S. Kidman and Co., to a Chinese-led consortium. Australian Treasurer Scott Morrison rejected a previous foreign-led offer for the ranching company — […] Read more
(Photo courtesy ARS/USDA)
Hogs, Livestock, Reuters

Russian farming firm to test investor appetite

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Moscow | Reuters — Russian farming conglomerate Rusagro launched a secondary share offering on Thursday which will test foreign appetite for Russian assets. Share sales by Russian companies have been rare since Western sanctions imposed in 2014 over Ukraine cut access to foreign capital markets and after a sharp drop in global oil prices, the […] Read more
Mount Roraima, Venezuela. (Cia.gov)
Livestock, Reuters

Venezuela ordered to pay U.K. firm for ranch takeovers

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Caracas | Reuters –– An international arbitration centre has ordered Venezuela to pay British cattle company Vestey Group nearly US$100 million for the nationalization of cattle ranches, pilling fresh pressure on the cash-strapped leftist government. Venezuela’s late president Hugo Chavez in 2005 sent in soldiers to seize major ranches and repopulate rural areas largely abandoned […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle close lower, hogs higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures lost ground again on Tuesday, pressured by more long liquidation following the morning’s wholesale beef price setback, said traders. April live cattle closed 1.15 cents/lb. lower at 127.325 cents, and June ended down 0.6 cent/lb. at 118.575 cents (all figures US$). On Wednesday, live cattle […] Read more
(Danone.ca)
Dairy Cattle, Livestock, Markets, Reuters

Danone sales rise as dairy product demand revives

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Paris | Reuters — Danone on Tuesday reported stronger than expected first-quarter sales and said it was on track to deliver higher sales and profits this year despite challenging conditions in Brazil and Russia. The world’s largest yogurt maker, whose brands include Actimel and Activia, reported a 3.5 per cent increase in first-quarter like-for-like revenue, […] Read more
(Dave Bedard photo)
Livestock, Poultry/Eggs, Reuters

Costco plans chicken plant in Nebraska

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Reuters — Costco Wholesale Corp. is considering building a poultry-processing plant in Nebraska, according to a local development council, a move that would give the retailer tighter control over its chicken supplies. The facility, if built in Nebraska’s Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Fund selling drops CME live cattle limit down

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Monday, with nearby contracts down by their three-cent-pr-pound daily price limit, shaken by sell stops and fund liquidation, traders said. April and June live cattle ended down by the three-cent limit at 128.475 and 119.175 cents/lb., respectively (all figures US$). Live […] Read more

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