agriculture News Updates

The U.S. Department of Agriculture on July 8 reported sales of 472,000 metric tons of soybeans for delivery to China.

As the deadly New World screwworm spreads through Texas, posing significant risk to the U.S. cattle herd, experts are still wondering how it got there.

State-owned firm Cofco has booked at least six cargoes of U.S. soybeans for loading between September and October, Bloomberg reported.

The European Commission, the bloc’s executive arm, wants 35% of oilseeds and protein crops used in animal feed to be EU-grown by 2035.

The two have agreed in principle to include agricultural products in a reciprocal tariff reduction framework following talks, China’s Ministry of Commerce said.

Four cases of the New World screwworm have been confirmed on the same Texas property, marking the largest cluster of detections to be reported in the U.S.

Weekly fertilizer exports through Hormuz have climbed back from near zero for most of the war to almost 530,000 tons in the week ended June 21, Kpler data shows.

While the screwworm doesn’t affect food safety, it poses a risk to the U.S. cattle industry, as drought and high production costs have culled the nation’s herd to a 75-year low.

Even once there is more clarity on the resumption of trade through the waterway, market watchers expect movement of fertilizer to be gradual as hundreds of vessels stranded in the region compete for access.

The world’s largest meat supplier also said it is closing a value-added facility in Memphis, Tenn., which packages various proteins.