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CHICAGO, March 8 (Reuters) - Chicago Mercantile Exchange
live cattle slid to a seven-week bottom on Thursday, led
by fund liquidation, traders said.
Futures' discount to this week's slaughter-ready, or cash,
cattle prices freed contracts from session lows, they said.
April closed 1.200 cents per pound at 121.775 cents.
June finished 1.550 cents lower at 113.275 cents.
CME live cattle struggled to escape trade war fears despite
President Donald Trump dialing back talk of stiffer metal
The White House has made preliminary plans for a meeting on Monday between rivals in the corn and oil industries to discuss potential changes to the nation's biofuels policy, two sources familiar with the planning told Reuters.
LOS ANGELES, March 8 (Reuters) - Yum Brands Inc's
KFC chain is returning to a former supplier for more than
one-third of its UK restaurants after a switch to a new firm
caused widespread chicken shortages that forced the temporary
closure of hundreds of restaurants.
KFC on Thursday said it would switch the distribution
contract back to Bidvest Logistics, from DHL and partner QSL,
for up to 350 restaurants in the north of the UK. It will
continue to work with DHL and QSL for the remainder of its
roughly 900 restaurants in the UK and Ireland.
Investors are reacting negatively to today’s soybean USDA Supply/Demand numbers.
(Updates U.S. market activity to close)
By Michael Hirtzer
CHICAGO, March 8 (Reuters) - U.S. corn futures jumped 1.6
percent to a seven-month high on Thursday after the Department
of Agriculture showed smaller-than-expected stockpiles in the
wake of increased exports and demand for ethanol, traders said.
* Australian fine wool prices hits record high of A$18kg
* Farmers unable to fully capitalise amid shearer shortage
* Parts of Australia are in peak shearing season
* Australia dominates export wool clothing market with 90
By Jonathan Barrett and Colin Packham
President Donald Trump pressed ahead with the imposition of 25% tariffs on steel imports and 10% for aluminum on Thursday but exempted Canada and Mexico.
President Donald Trump signed executive orders enacting new steel and aluminum tariffs on Thursday.
(Recasts to add comments by trade minister, context)
By Bruno Federowski and Anthony Boadle
BRASILIA, March 8 (Reuters) - The Brazilian government will
try to negotiate its way out of newly announced U.S. tariffs on
steel and aluminum imports but could take stronger action to
protect its industry if those talks fall through.
TOKYO, March 9 (Reuters) - The United States' decision to
impose tariffs on steel and aluminium was "regrettable" and will
likely have a "big impact" on economic ties between Japan and
the United States, Japanese Foreign Minister Taro Kono said in a
statement on Friday.
Kono said the decision would also impact the global economy,
adding that Japan would respond appropriately upon examining any
impact on Japanese companies and World Trade Organization (WTO)