World Agrinews

Cattle futures rose to the highest level in more than two weeks on signs of declining supplies available to U.S. beef processors. Hog futures also gained.

Just because Brazil decided to lift import tariffs on foreign ethanol doesn't mean the U.S. should follow suit, groups representing U.S. ethanol producers said Tuesday.

National Commodities Supply Corp., or Conab, on Wednesday estimated Brazil's 2009-10 soy crop at 67.4 million metric tons.

Soybeans rose the most in a week on speculation that an end to the global recession will boost demand for the oilseed to make food and animal feed. Economies will recover at various speeds, led by China and India, the Organization for Economic Cooperation and Development said. The Asian countries are the world’s biggest consumers of vegetable oil made from soybeans. U.S. payrolls in March rose the most since March 2007, signaling a rebound in the job market.