agriculture News Updates

President Trump asked the Justice Department to start an investigation into the meatpacking industry, accusing it of driving up the price of beef through collusion and other means.

It’s unclear if the next few months will mark a turning point for the struggling farm machinery sector, with minimal details on the U.S.-China trade deal for manufacturers.

The country’s Finance Ministry confirmed it would end tariffs imposed March 4 on soybeans and other U.S. agricultural products including corn, wheat, sorghum and chicken, effective Nov. 10.

The state alleged JBS misled the public about reducing the impact of its operations on the environment. JBS said the settlement “does not reflect an admission of wrongdoing.”

Wheat futures in Chicago jumped as China seeks its first U.S. shipments of the grain in more than a year, following orders for soybeans last week as part of a trade truce between the two nations.

Chinese and U.S. officials reached a broad framework agreement over the weekend in Malaysia, paving the way for Chinese leader Xi Jinping and President Donald Trump to finalize a trade deal.

Agricultural trade was among a range of issues that American and Chinese negotiators said they came to terms on, setting the table for leaders Donald Trump and Xi Jinping to finalize a deal.

Cargill is turning to artificial intelligence to ensure it gets more beef from its processing plants as the U.S. cattle herd dwindles to the lowest level in seven decades.

China last year purchased $13 billion of U.S. soybeans — more than 20% of the entire crop — for animal feed and cooking oil, but still hasn’t booked a single shipment from this fall’s huge crop.

Agricultural economists say Argentine beef accounts for such a small slice of beef imports — only about 2% — that even doubling that wouldn't change prices much.