Red meat exports higher than last year

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Red meat exports reached 193,000t in the first six months of this year; 21% higher than the same period in 2010. Beef sales led the way, with a 39% increase, said a report from the Agriculture & Horticulture Development Board. "The majority of beef shipments were cow beef into the Netherlands and Ireland, up 55%…


ADM to acquire nine Wisconsin grain elevators

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CHICAGO, – U.S. agricultural processor Archer Daniels Midland (ADM.N) acquired five grain elevators in Wisconsin and contracted to acquire four more in the state, the company said in a release on Wednesday. ADM also assumed the lease for another Wisconsin elevator, expanding its grain storage capacity with the series of deals by about 20 million…


Launch of UK’s first ever Potato Week

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The first ever ‘Potato Week’ takes place from 1-7 October in the UK and is a chance for everyone involved in growing, supplying, retailing and serving potatoes to educate and inspire consumers. Introduced by Potato Council, the Week builds on the success of Potato Day held in 2010. This kick-started the ‘Many Faces of Potatoes’…


GM wheat research in full flow

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After several years of being the forgotten crop in the global development of genetically modified crops, wheat is suddenly smack bang in the middle of most biotech programmes. It was 2004 when Monsanto decided to plug on Roundup Ready wheat, with media reports at the time citing a lack of consumer acceptance as a key…


Wheat prices improve as US maize fears grow

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Strong export demand for UK wheat and ongoing concerns for the US maize crop have driven wheat prices higher again this week. The London feed wheat futures November 2011 contract closed at £174/t on Tuesday (30 August), up about £5/t on last week’s two-month high. Domestic markets followed gains in the US, where a crop…


New project considers alternatives to soya

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A new project has been launched to reduce the livestock industry’s reliance on imported protein sources, including soya. As part of the ENBIO LINK project, which started in October 2010, the use of distillers’ dried grains with solubles (DDGS) is being investigated as an alternative to imported protein sources. The main project aims are: •…


CME: 2011 Beef & Pork Packer Margins Up

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US – In the past, record-high livestock prices such as we have seen this year usually meant that packers lost money by the boatload — but not so in 2011, write Steve Meyer and Len Steiner. Packer margins in both the beef and pork sectors have been exceptionally good for much of the year and…


Morning markets: wheat leads crop price fall into month-end

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Can the sellers get the upper hand this time? For a second day, early deals witnessed bears getting some traction in agricultural commodity markets, notably in wheat, which set course for a third day of losses, on a neutral day for external markets. (Tokyoshares closed up a smidgen, but oil and copper futures were marginally…


Wet weather delays spring barley harvest

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Six weeks into the harvest season and variable weather, including some heavy rain, sees standing crops remaining in Westcountry fields as September arrives. Rain shortened harvesting days to three or four in parts of the region, limiting working time to five or six hours in many cases. But despite the rain causing disruptions in the…


US corn harvest estimate ‘500m bushels too big’

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Officials are overestimating the American corn harvest by more than 500m bushels (13m tonnes) – thanks largely to overoptimistic area projections, Linn Group analysts said, as the countdown begins in earnest to the next keynote US crop report. The Chicago-based broker pegged the US corn yield at 149.1 bushels per acre, below the US Department…


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