LIVESTOCK HIGHLIGHTS: Top Stories of the Day
Chipotle Aims to Reduce Waste by 5% by 2025
Chipotle Mexican Grill Inc. said it aims to reduce overall waste
by 5% by 2025 compared with 2020 as the company laid out its
The burrito chain Thursday said it also plans to partner with
growers to convert more than 400 acres of conventional farmland to
organic farmland through transitional growing methods by 2025. It
said it aims to purchase more than 37 million pounds of produce
from local farmers in 2021.
Pig Farmers Line Up for Covid-19 Vaccines -- Market Talk
1507 ET - Reluctance among rural US residents to get Covid-19
vaccines has been a challenge to federal efforts to boost
inoculations, but one of the country's biggest agricultural groups
say there's been no resistance among hog farmers. "Our producers
are used to dealing with animal health, and they understand the
importance of vaccines," says Neil Dierks, CEO of the National Pork
Producers Council. Vaccines and pharmaceuticals have become
increasingly important for farmers, as more and more livestock and
poultry are raised in large-scale operations. (email@example.com;
STORIES OF INTEREST
General Mills in Sustainability-Linked Revolving Credit
General Mills said it entered into a sustainability-linked
revolving credit facility.
The food company on Thursday said it renewed its five-year $2.7
billion revolving credit facility, which now includes a pricing
structure tied to environmental impact metrics.
General Mills said it receives a pricing adjustment based on its
performance against environmental criteria during the credit
US Grain Shipments Rebound -- Market Talk
12:22 ET - After a recent slide, domestic grain shipments posted
a gain for the week ended April 3, according to the USDA's latest
grains transportation report released Thursday. The USDA says that
US Class I railroads originated 25,679 grain carloads for the week,
up 5% from the previous week and 23% more than last year.
Meanwhile, barge grain movements totaled 902,995 tons for the week
ended April 10, up 16% from the previous week and 114% higher than
the same period last year. (firstname.lastname@example.org; @kirkmaltais)
Kerry Group Suspends Discussions With Kerry Co-Operative
Kerry Group PLC said Thursday that it has suspended discussions
with Kerry Co-Operative Creameries Ltd. regarding a potential
The Ireland-based food company--which houses Dairygold butter,
Charleville cheese and Richmond sausages among its brands--said
that the decision is part of a strategic review of its
dairy-related businesses in Ireland and the U.K.
Hog Futures Slump to Close Session -- Market Talk
1519 ET - Lean hog futures trading on the CME finished down 2.8%
to $1.047 per pound. Livestock traders were disappointed with low
export sales of US pork, which totaled 17,200 metric tons. "Top
buyers were Mexico and Japan. Trade was quick to note there were no
sales to China," says Karl Setzer of AgriVisor. With Chinese hog
prices starting to rebound, traders appear to be questioning the
country's appetite for US hogs. Meanwhile, live cattle futures
closed trading down 0.3% to $1.1965 per pound.
Estimated U.S. Pork Packer Margin Index - Apr 15
All figures are on a per-head basis.
Date Standard Margin Estimated margin
Operating Index at vertically -
Apr 15 +$ 11.65 +$100.28
Apr 14 +$ 7.37 +$ 92.69
Apr 13 +$ 13.46 +$ 97.92
* 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.
This report compares the USDA's latest beef carcass composite
values as a percentage of their respective year-ago prices.
For Today Choice 122.0
(Percent of Year-Ago) Select 124.4
USDA Boxed Beef, Pork Reports
Wholesale choice-grade beef prices Thursday rose $3.71 per
hundred pounds, to $276.62, according to the USDA. Select-grade
prices rose $1.12 per hundred pounds, to $268.43. The total load
count was 103. Wholesale pork prices rose $3.53, to $112.38 a
hundred pounds, based on Omaha, Neb., price quotes.
(END) Dow Jones Newswires
April 15, 2021 17:36 ET (21:36 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.