Insights and Stories on Reuters

Aug. 13, 2014 at 2:15 am CDT

Chicago | Reuters — Beef Products Inc. will reopen a Kansas processing plant on Monday to boost production of “lean finely textured beef,” which critics call “pink slime,” as wholesale beef prices soar with a shrinking U.S. cattle herd. The reopening of the Garden City, Kansas, plant comes more than […]

By P.J. Huffstutter

Aug. 13, 2014 at 1:11 am CDT

Chicago | Reuters –– China has barred pork imports from six U.S processing plants and six cold storage facilities effective on Wednesday to enforce its ban on the use of a feed additive that promotes lean muscle growth, the U.S. Department of Agriculture said Tuesday. China currently requires third-party verification […]

Aug. 12, 2014 at 5:55 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished down sharply on Tuesday, pressured by preliminary sales of slaughter-ready or cash cattle at lower prices, traders said. August ended down the three-cents-per-pound daily price limit at 149.625 cents (all figures US$). October finished 2.775 cents lower, at 147.675 […]

By Theopolis Waters

Aug. 12, 2014 at 4:14 pm CDT

Reuters — Soybean futures slid on Tuesday after the U.S. Department of Agriculture projected that domestic supplies of the oilseed would be bigger than expected at the end of the next marketing year. Chicago wheat futures were pressured by the department’s higher view on global stocks, while corn futures turned […]

By Rod Nickel

Aug. 11, 2014 at 6:08 pm CDT

Moscow | Reuters — Moscow’s sweeping sanctions on European food have sent Russian restaurateurs, retail chains and food producers scrambling for alternative supplies and bracing for Soviet-style shortages. The tit-for-tat trade restrictions — a response to U.S. and EU sanctions imposed over Russia’s actions in Ukraine — have hurt farmers […]

By Alissa de Carbonnel, Olga Petrova