TOP STORIES

ADM Restructures to Spotlight Growth Businesses -- Market Talk

12:56 ET - Archer Daniels Midland realigns its business units to help build focus on the agricultural giant's effort to build a higher-profit business, beyond trading and processing farm commodities like soybeans and high-fructose corn syrup. ADM revamps its corn processing unit, now called "Carbohydrate Solutions," which will also include its milling business. That move shrinks ADM's agricultural services division, now called "Origination," following years of pressure from back-to-back big harvests. The flavorings business that ADM has sought to build through acquisitions will now be called "Nutrition," adding in ADM's animal feed and enzymes divisions. "Oilseeds" remains the same. ADM shares down 0.3%, versus a 1.7% decline in the S&P 500. (jacob.bunge@wsj.com; @jacobbunge)

STORIES OF INTEREST

Grubhub Expands Pact With Yelp, Aiming for Cheaper Deliveries

Grubhub Inc. and its rivals say they need to get bigger to cut delivery fees that are sometimes higher than the price of a burger and fries.

That is partly the goal of the expanded partnership that Grubhub and Yelp Inc. plan to announce on Monday, which will double to more than 80,000 the number of U.S. restaurants on the review website and app that offer Grubhub delivery.

Grubhub is racing DoorDash, UberEats and many regional startups to be the dominant delivery business for Americans who are eating more meals at their homes and offices. Grubhub and rival Seamless merged in 2013.

Trade Associations to Petition Trump Administration to Halt China-Tariff Plans

WASHINGTON -- Forty-five trade associations, representing a wide swath of the U.S. economy, are petitioning the Trump administration to halt plans to levy tariffs on China and to work instead with other nations to press Beijing to end restrictions on foreign firms.

Imposing heavy tariffs, said a letter by the trade groups, "would trigger a chain reaction of negative consequences for the U.S. economy, provoking retaliation; stifling U.S. agriculture, goods, and services exports; and raising costs for businesses and consumers."

FUTURES MARKETS

Livestock Futures Start Week Lower

Livestock futures fell as supply pressures weighed down both cattle and hog markets.

Cattle futures for April delivery fell 0.9% to $1.20225 a pound at the Chicago Mercantile Exchange. April lean hog contracts slid 3.5% to 63.15 cents a pound.

CASH MARKETS

 
Zumbrota, Minn Hog $3.00 Lower At $36.00 - Mar 19 
 
Barrow and gilt prices at the Zumbrota, Minn., livestock market are 
$3.00 lower at $36.00 per hundredweight. 
 
Sow prices are $2.00 lower. Sows weighing 400-450 pounds are at 
$34.00-$36.00, 450-500 pounds are $34.00-$36.00 and those over 500 pounds 
are $38.00-$40.00. 
 
The day's total run is estimated at 100 head. 
 
Prices are provided by the Central Livestock Association. 
 
 
Estimated U.S. Pork Packer Margin Index - Mar 19 
 
All figures are on a per-head basis. 
 
Date     Standard Margin       Estimated margin 
         Operating Index         at vertically - 
                             integrated operations 
                                      * 
Mar 19       +$27.28             +$ 24.09 
Mar 16       +$26.94             +$ 25.02 
Mar 15       +$22.47             +$ 25.81 
 
* 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. 
 
Beef-O-Meter 
This report compares the USDA's latest beef carcass composite 
values as a percentage of their respective year-ago prices. 
 
                                 Beef 
          For Today             Choice  100.5 
      (Percent of Year-Ago)     Select  101.6 
 
USDA Boxed Beef, Pork Reports 

Wholesale choice-grade beef prices Monday fell 72 cents per hundred pounds, to $224.87, according to the USDA. Select-grade prices rose 43 cents per hundred pounds, to $217.29. The total load count was 78. Wholesale pork prices fell 43 cents, to $71.61 a hundred pounds, based on Omaha, Neb., price quotes.

(END) Dow Jones Newswires

March 19, 2018 17:25 ET (21:25 GMT)