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Showing results for Hocking Grain & Livestock, Inc.
...Earthworm now works with 30 major suppliers in Europe that provide agricultural products like grains, oil seeds, potatoes and sugar beet to different food brands....
...A version of this article was first published by Nikkei Asia on April 10, 2021. ©2021 Nikkei Inc. All rights reserved....
...Mr Stone currently runs Cargill’s animal nutrition business, which makes feed for livestock, poultry and fish....
...Cargill has invested heavily in feed rations for livestock, poultry and fish, betting on rising protein demand....
...After the two economies traded tit-for-tat tariff plans, US meat producers were trudging higher on a fall in the price of soyabeans, one of the grains used to fatten up livestock destined for slaughter (...
...Livestock futures went from 32 to 46 per cent automated, precious metals climbed from 46 to 54 per cent and crude oil increased from 54 to 63 per cent....
...The company noted that last year’s record corn and soyabean crops in the US “were met with robust demand stemming from domestic and international growth in livestock production”....
...The ballooning stocks have masked the strong Chinese demand for grains, meat and livestock feed, according to leading food traders, with international prices remaining subdued amid plentiful supplies worldwide...
...With livestock requiring more resources per calorie than other foods, demand for grains and feedstocks is also likely to rise....
...Livestock numbers, he says, have already dropped by half....
...In the past few weeks, grain futures have halted months of decline on fears that storms in the grain belt could trim otherwise ample supplies....
...New York-listed Bunge and the Saudi Agricultural and Livestock Investment Company (Salic) will pay C$250m ($202m) for the stake, the investors said on Wednesday....
...The need to feed herds and flocks is also spurring greater world trade of grains such as sorghum and barley, primarily used in livestock feed....
...But meat is not internationally traded as much as grain and oil, meaning the core of CME’s livestock market still consists of US-based ranchers, processors and consumers....
...China is already the world’s top importer of soyabeans, used as feed for livestock, snapping up the lion’s share of this harvest from the US, Brazil and Argentina....
...Oilseed crushing plants – a pillar of soyabean demand – have increased output to meet foreign demand for soya meal, a livestock feed ingredient....
...These increases are driven by livestock products, and livestock requires more resources per calorie than other foods....
...The US Department of Agriculture projects world trade in “coarse grains” used to feed livestock – such as corn and barley – will rise 25 per cent to 179m tones in the next decade....
...Enticed by high prices for steaks, bacon and chicken, livestock and poultry companies are expanding....
...Art Liming, futures specialist at Citigroup in Chicago, said the wheat data suggested livestock farms were again feeding their animals corn, rather than wheat, as their prices diverged....
...But for a company that is concerned about the quality of its supply chain, Smithfield’s model may make sense, said Steve Meyer, president of livestock consultancy Paragon Economics....
...Marubeni of Japan also bought US-based grain trader Gavilon in a bet on China’s commodity imports....
.... = Cheaper grain and oilseeds will bring relief to the food industry, especially livestock and poultry companies....
...At a time when analysts question America’s ability to curb its appetite for scarce grain, the closure is evidence it can....
...So-called demand rationing, the painful process of livestock culling and plant shutdowns, should keep grain stocks from falling to critically low levels....
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