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U.S. wheat posts fifth straight loss on higher than expected crop ratings (NYSEARCA:WEAT)

U.S. wheat futures extend losing streak as harvest progresses, with good crop condition and limited demand scenarios causing market pressure.

Livestock feed demand is upending global trade flows

Jevtic/iStock/Getty Images Bloomberg | Apr 30, 2021 By Isis Almeida, Michael Hirtzer and Kim Chipman Feeding the world’s chickens, pigs and cows has gotten so expensive it’s upending global trade flows. As grain prices surge, American chicken giant Perdue Farms Inc. took the rare step of buying soybeans, an American staple, from rival Brazil. BRF SA, Brazil’s top poultry producer, turned to neighboring Argentina for corn, while feed makers in China and the U.S. are buying wheat more commonly used for bread. These tactics and others by the world’s top food companies highlight how tight the global market has become. A gauge of grain prices is at an eight-year high, boosting the cost of feeding animals and signaling higher meat prices could be coming for consumers. Still, keeping up with rising meat demand as the world recovers from the pandemic has industry executives saying the rally is far from over.

Livestock feed demand is upending global trade flows

Livestock feed demand is upending global trade flows

Feeding Chickens Is So Costly It's Changing Global Trade Flows

(Bloomberg) Feeding the world’s chickens, pigs and cows has gotten so expensive it’s upending global trade flows. As grain prices surge, American chicken giant Perdue Farms Inc. took the rare step of buying soybeans, an American staple, from rival Brazil.