|Day's Range||54.500 - 54.875|
OTTAWA (Reuters) - Canadian producer prices rose by 0.2 percent in October from September, thanks largely to increased demand for meat, fish and dairy products, Statistics Canada said on Friday. Of the 21 major commodity groups, 10 rose, six fell and five were unchanged. The meat, fish and dairy sector posted a 0.9 percent gain as prices for fresh and frozen pork jumped 3.6 percent. Prices for cheese and cheese products grew by 1.5 percent. Petroleum products edged up by 0.2 percent, as higher prices for diesel fuel and light oil fuels helped overcome lower prices for gasoline. ...
Initial projects will be located in North Carolina, Virginia and Utah. Energy produced from hog farms will be used to power local businesses and heat residential homes. A joint venture to capture the methane emissions from hog farms and turn them into renewable energy has been formed by Dominion Energy and Smithfield Foods.
In a bid to win back farming states, the Trump administration announced a major policy change, allowing higher concentrations of ethanol in fuels year-round
OTTAWA (Reuters) - Canadian producer prices fell 0.5 percent in August, pulled down for the second consecutive month by lower prices for primary non-ferrous metal products, Statistics Canada said on Friday. Analysts in a Reuters poll predicted a 0.3 percent decrease from July, when prices declined by 0.2 percent after six monthly gains in a row. Lower prices for aluminum and cooper and their alloys helped drag down the primary non-ferrous metal products sector by 3.4 percent, the largest month-on-month decrease since July 2017. Graphic - Canada producer prices: http://link.reuters. ...
Prices for many commodities -- from gold to livestock -- are under pressure and that's funneled through to some companies in the commodities space that might be unfairly maligned. Will Rhind, founder of GraniteShares exchanged-traded funds, says the stronger dollar is one of the major factors pressuring commodity prices. Most commodities are dollar-denominated, making the goods more expensive for buyers outside of the U.S. Trade wars are a concern, too, Rhind adds.
Several companies, including Ford Motor Company (F), Harley-Davidson (HOG), and Tesla (TSLA), saw higher input costs in the second quarter. Higher steel prices and physical aluminum premiums have been among the reasons US companies are facing cost pressures. Meanwhile, the Trump administration seems to be performing a balancing act for now.
By David Alire Garcia MEXICO CITY (Reuters) - Mexico will impose a 20 percent tariff on U.S. pork imports, two industry officials with direct knowledge of the plan told Reuters on Monday, for the first time providing details of the country's retaliatory measures to U.S. President Donald Trump's tariffs on steel and aluminum. Last week, Mexico said the retaliatory tariffs would apply to pork legs and shoulders from U.S. suppliers, which account for about 90 percent of the country's $1.07 billion annual imports of the cuts. "It's a 20 percent (tariff) on legs and shoulders, fresh and frozen ... with bones and without bones," said Heriberto Hernandez, president of Mexico's leading pork producers association OPORPA, following a briefing earlier on Monday with Economy Minister Ildefonso Guajardo and his team.
While much of the oil market has been focused on Saudi Arabia’s desire for $100 oil, it appears that the impact of Donald Trump has been overlooked
Investing.com - Crude oil prices settled nearly 3% lower on Monday as escalating trade war fears prompted investors to flee riskier assets, offsetting recent data pointing to possible tightening in domestic output.
Oil prices fell on Monday, as concern of a trade war between the U.S. and China resurfaced. Crude oil futures slumped 1.57% to $63.92 a barrel by 10:27 AM ET (14:27 GMT). Brent crude futures, the benchmark for oil prices outside the U.S., fell 65 cents, or 0.94%, to $68.69 a barrel.
By Theopolis Waters and Michael Hirtzer CHICAGO (Reuters) - American consumers are snapping up plentiful low-cost pork, but U.S. farmers are worried that trade spats with key export markets in China, Mexico and Canada could hurt a lucrative part of their pork business. U.S. goods in general are attractive to foreign buyers thanks to the recent drop in the dollar.