Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Commodities

News : Commodities
Latest NewsCompaniesMarketsForexCryptocurrenciesCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

LIVESTOCK HIGHLIGHTS: Top Stories of the Day

share with twitter share with LinkedIn share with facebook
share via e-mail
01/22/2020 | 06:50pm EST

TOP STORIES

Dairy Trade Responds to Starbucks; Pledges Sustainability -- Market Talk

10:37 ET - Trade group Dairy Management says milk farmers are doing their part to be more sustainable as companies zero in on dairy as a carbon contributor. Starbucks cites dairy as a major contributor to its carbon emissions as the coffee giant seeks to cut waste output in half by 2030. "Dairy can and will play an important role in achieving sustainability in supply chains and global food production. From an environmental and nutrition standpoint, it is not an either-or," says Krysta Harden, the group's head of environmental strategy. The environmental impact of producing a gallon of milk is falling as a result of better farm techniques, the trade group says. (heather.haddon@wsj.com; @heatherhaddon)

Lab-Grown Meat Startup Grabs $161 Million for Expansion

Memphis Meats Inc., a startup that uses animal cells to grow edible meat in a laboratory, has raised $161 million to commercialize its lab-grown chicken, beef and other products.

The Berkeley, Calif.-based company plans to use the Series B financing to build a pilot production facility and triple its workforce. The company hasn't sold its products to the public yet, and has focused on research and development of lab-grown, or "cultured" versions of beef, chicken and duck.

STORIES OF INTEREST

McDonald's Ups Worker Benefits with App -- Market Talk

0804 ET - McDonald's says its releasing an app to help workers better advance in their careers and make the most of company benefits. The tool is part of the burger giant's program to give workers job advice and college tuition assistance of up to $3,000 after 90 days of employment. Restaurants are increasing rolling out benefits for workers as they fight to attract and maintain staff given low unemployment. McDonald's says it has given $90M in tuition assistance to thousands of workers since 2015. (heather.haddon@wsj.com; @heatherhaddon)

Conagra Aims to Make 100% of Plastic Packaging Renewable, Recyclable or Compostable by 2025 >CAG

Conagra Brands on Wednesday said it will work to make 100% of its current plastic packaging renewable, recyclable or compostable by 2025.

The Chicago packaged-foods company said the move it part of its efforts to reduce the overall use of plastic under its corporate social responsibility and environmental, social and governance initiatives.

G. Willi-Food CEO Michael Luboschitz Resigning for Personal Reasons

G. Willi-Food International said Wednesday that Michael Luboschitz submitted his resignation as chief executive for personal reasons, effective March 20.

The kosher foods company said it is currently searching for a replacement for Mr. Luboschitz as CEO.

FUTURES MARKETS

Livestock Mixed; Hogs Rise on Swine Fever Fears -- Market Talk

15:57 ET - Livestock futures end mixed -- with April live cattle futures on the CME dropping 0.4% to $1.26775 per pound while lean hog futures rose 1% to 74.525 cents per pound. The cattle market stayed generally quiet, waiting for Friday's Cattle on Feed report. For hogs, a case of African swine fever found near the German/Polish border pushed futures up -- as European hogs being stricken with the disease would become a serious wrinkle for a global hog supply already seriously impacted by the disease decimating Chinese production. (kirk.maltais@wsj.com; @kirkmaltais)

CASH MARKETS

 
Estimated U.S. Pork Packer Margin Index - Jan 22 
All figures are on a per-head basis. 
 
Date     Standard Margin       Estimated margin 
         Operating Index         at vertically - 
                             integrated operations 
 
Jan 22       +$ 49.99            +$ 34.34 
Jan 21       +$ 49.26            +$ 33.61 
Jan 20       +$ 46.89            +$ 31.01 
 
* Based on Iowa State University's latest estimated cost of production. 
A positive number indicates a processing margin above the cost of production of the animals. 
 
Beef-O-Meter 
This report compares the USDA's latest beef carcass composite 
values as a percentage of their respective year-ago prices. 
 
                                 Beef 
          For Today             Choice   99.4 
      (Percent of Year-Ago)     Select  100.1 
 
USDA Boxed Beef, Pork Reports 
 

Wholesale choice-grade beef prices Wednesday rose 45 cents per hundred pounds, to $214.96, according to the USDA. Select-grade prices fell $1.45 per hundred pounds, to $212.02. The total load count was 157. Wholesale pork prices rose 34 cents, to $77.71 a hundred pounds, based on Omaha, Neb., price quotes.

Stocks mentioned in the article
ChangeLast1st jan.
CLASS III MILK FUTURES (DC) - CMG (ELECTRONIC)/C1 0.30% 17 End-of-day quote.-12.16%
CLASS IV MILK?FUTURES (GDK) - CMG (ELECTRONIC)/C1 0.00% 16.28 End-of-day quote.-3.04%
CONAGRA BRANDS, INC. 0.27% 29.88 Delayed Quote.-12.73%
DRY WHEY?FUTURES (DY) - CMG (ELECTRONIC)/C1 0.00% 37.25 End-of-day quote.13.05%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.02% 140.775 End-of-day quote.-3.13%
G. WILLI-FOOD INTERNATIONAL LTD. 0.00% 13.15 Delayed Quote.10.04%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.06% 120.175 End-of-day quote.-2.73%
MCDONALD'S CORPORATION -0.26% 215.08 Delayed Quote.8.84%
NONFAT DRY MILK FUTURES (GNF) - CMG (ELECTRONIC)/C1 0.32% 124 End-of-day quote.1.85%
STARBUCKS CORPORATION -1.71% 88.6 Delayed Quote.0.77%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Commodities"
02:13aTeck Resources adjusted profit slumps on lower coal sales volumes
RE
02:12aBAIDU : From coal to cars - what big data is China tracking to put virus-hit businesses back on track?
RE
12:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
02/20Oil falls as coronavirus spread beyond China heightens demand fears
RE
02/20Oil falls as coronavirus spread beyond China heightens demand fears
RE
02/20Fires and climate fears rattle Australia's giant coal lobby
RE
02/20PTT Public 4Q Net Profit Fell Due to Weaker Gas, Coal Businesses
DJ
02/20Vale Reports 4Q Net Loss of $1.56 Billion After Impairment Charges on Nickel, Coal Mines
DJ
02/20LIVESTOCK HIGHLIGHTS : Top Stories of the Day
DJ
02/20Dollar slams yen and safe-haven status, gold gains
RE
Latest news "Commodities"