Insights and Stories of Tom Polansek

Sep. 13, 2024 at 5:34 pm CDT

Traders booked profits ahead of the weekend, after the markets previously found support from gains in equities and improved processor margins that should boost demand for slaughter-ready cattle. Beef processors were earning $54.30 for each head of cattle they slaughtered, after losing money on each animal just a month ago, HedgersEdge.com data shows.

By Reuters, Tom Polansek

Sep. 11, 2024 at 2:35 pm CDT

Energy production and agricultural exports out of the U.S. Gulf of Mexico were disrupted, and oil refineries in Louisiana slowed operations ahead of Hurricane Francine's landfall later on Wednesday, according to official and operator reports.

By Erwin Seba, Marianna Parraga, Reuters, Tom Polansek

Sep. 9, 2024 at 5:05 pm CDT

Chicago Mercantile Exchange live cattle and feeder cattle futures rallied on short covering on Monday, analysts said, as the markets recovered from a slide last week.

By Reuters, Tom Polansek

Aug. 30, 2024 at 10:10 am CDT

The U.S. Department of Agriculture is testing to confirm possible cases of bird flu in dairy cattle in California, the nation's biggest milk-producing state, USDA said on Friday.

By Reuters, Tom Polansek

Aug. 20, 2024 at 1:15 pm CDT

Nearly three dozen North American agriculture groups, in a joint letter to the U.S. and Canadian governments today, urged action to avoid a rail stoppage.

By Promit Mukherjee, Reuters, Tom Polansek