Page 12 - Chicago Editing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

7/28/2021 (Adds details) CHICAGO, July 28 (Reuters) - The U.S. Department of Agriculture has confirmed the deadly hog virus African swine fever (ASF) in samples from pigs in the Dominican Republic, the agency said in a statement on Wednesday. This represented the first detection of the disease in the Western Hemisphere in about 40 years, according to the National Pork Producers Council, a U.S. industry group. The findings raise concerns about the global spread of the disease, which devastated China's hog herd after being detected there in 2018. ASF is not dangerous to humans but is almost alw...

Julie IngwersenTom Polansek 3 minute read CHICAGO, July 28 (Reuters) - The U.S. Department of Agriculture confirmed the deadly hog virus African swine fever in samples from pigs in the Dominican Republic, the agency said on Wednesday, fueling concerns about the disease creeping closer to the United States. The positive tests represent the first detection of the disease in the Americas in about 40 years, according to the National Pork Producers Council, a U.S. industry group. No cases have ever been found in the United States. However, infections in the Dominican Republic highlight the risk fo...

Article content CHICAGO — The $22 trillion market for U.S. Treasury securities may get a reality check from the Federal Reserve this week following a plunge in interest rates that bucked expectations of higher yields this year as the economy rebounds from the COVID-19 pandemic. Yields, which move inversely to prices, have been in a downward trend since the last Federal Open Market Committee meeting in June. The market initially perceived the Fed as being a bit hawkish as policymakers last month projected an accelerated timetable for rate hikes and opened discussions on ending crisis-era bon...

7/7/2021 By Tom Polansek CHICAGO, July 7 (Reuters) - Chicago Mercantile Exchange live cattle futures approached a four-week low on Wednesday as U.S. beef prices declined. The drop in futures extended a 4% setback from a contract high that most-active August live cattle reached last month. Prices for beef shipped to wholesale buyers in large boxes have also weakened, with choice cuts dropping by $1.78 to $284.90 per cwt on Wednesday, according to the U.S. Department of Agriculture. Prices for select cuts fell by $1.23 to $262.08 per cwt. "The beef market is stalled out," said Don Roose, pres...

7/6/2021 By Tom Polansek CHICAGO, July 6 (Reuters) - Chicago Mercantile Exchange feeder cattle futures climbed on Tuesday as a steep slide in grain prices made animal feed costs look cheaper, traders said. Traders are keeping a close eye on the grain markets after supply fears drove prices to eight-year highs during the spring. Corn and soy futures surged last week when the U.S. Department of Agriculture (USDA) issued lower-than-expected plantings estimates but tumbled on Tuesday on improving U.S. crop weather. High feed costs can squeeze profit margins for cattle and hog producers and someti...