Michael Hirtzer

United States

Journalist at Bloomberg News

Journalist @Bloomberg in Chicago. Previously verified. Musings my own. Email mhirtzer at bloomberg dot net.

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Articles

Five Key Charts to Watch in Global Commodities This Week

1 week ago | bloomberg.com | Kevin Orland |Michael Hirtzer

Oil’s plunge under US President Donald Trump’s second term has picked up steam. (Bloomberg) -- Oil prices are at 2021 levels. Copper is rushing to the US, leaving Asian and London inventories at historically low levels. And, boy is it hot and dry around the world — which is good for US farmers but not so much for those in Europe. Here are five notable charts to consider in global commodity markets as the week gets underway.
Farm Machinery’s Slump Lingers as Tariffs Add Risks

1 week ago | ttnews.com | Michael Hirtzer

Government Business Equipment May 1, 2025 4:07 PM, EDT Top Tractor Makers CNH Industrial and AGCO Each Report Lower First-Quarter Sales AGCO Corp. tractors in Louisville, Ky. (Luke Sharrett/Bloomberg News) [Stay on top of transportation news: Get TTNews in your inbox.] Farmers are still delaying equipment purchases a President Donald Trump’s tariffs cloud demand for crops and risk further extending a yearslong slump in the sector.
Farm Machinery’s Slump Lingers as Tariffs Add New Risks (1)

1 week ago | news.bloomberglaw.com | Michael Hirtzer

Farmers are still delaying equipment purchases as US President Donald Trump’s tariffs cloud demand for crops and risk further extending a years-long slump in the sector. Top tractor makers CNH Industrial NV and AGCO Corp. each reported lower first-quarter sales Thursday, and pointed to the potential of reduced demand for farmers, which would give them less to spend on machines to plant, harvest and treat their fields.
Farm Machinery’s Slump Lingers as Tariffs Add New Risks (1)

1 week ago | news.bloombergtax.com | Michael Hirtzer

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Farm Machinery’s Slump Lingers as Tariffs Add New Risks

1 week ago | bloomberg.com | Michael Hirtzer

AGCO Corp tractors in Louisville, Kentucky. (Bloomberg) -- Farmers are still delaying equipment purchases as US President Donald Trump’s tariffs cloud demand for crops and risk further extending a years-long slump in the sector. Top tractor makers CNH Industrial NV and AGCO Corp. each reported lower first-quarter sales Thursday, and pointed to the potential of reduced demand for farmers, which would give them less to spend on machines to plant, harvest and treat their fields.
ADM layoffs upend trader's global commodity desk in Switzerland

2 weeks ago | chicagobusiness.com | Isis Almeida |Michael Hirtzer |Clarice Couto

Archer-Daniels-Midland Co. is cutting jobs at its global commodity desk after a probe into its accounting practices wiped out billions from the agriculture giant’s value, according to people familiar with the matter. At least eight traders based in Rolle, Switzerland, have been let go in recent rounds of layoffs, said the people, who asked not to be named because the information is private. These include managers responsible for buying and selling grains, vegetable oils and freight.
ADM Layoffs Upend Trader’s Global Commodity Desk in Switzerland

2 weeks ago | bloomberg.com | Isis Almeida |Michael Hirtzer |Clarice Couto

An Archer-Daniels-Midland Co. manufacturing facility in Decatur, Illinois. (Bloomberg) -- Archer-Daniels-Midland Co. is cutting jobs at its global commodity desk after a probe into its accounting practices wiped out billions from the agriculture giant’s value, according to people familiar with the matter. At least eight traders based in Rolle, Switzerland, have been let go in recent rounds of layoffs, said the people, who asked not to be named because the information is private.
China cancels US pork shipments after tariffs raise prices

2 weeks ago | spokesman.com | Michael Hirtzer

Tariffs are starting to hit American meat exports, with China making its biggest cancellation of pork orders since 2020, according to Thursday data from the US Department of Agriculture. The cancellation of 12,000 metric tons of US pork was the most since the Covid-19 pandemic roiled global supply chains. For the week, overall US pork export sales fell to the lowest level since October.
中國對美國豬肉訂單取消量創疫情以來最高

2 weeks ago | hk.news.yahoo.com | Michael Hirtzer

Yahoo 娛樂圈· 54歲「TVB御用惡人」彭皓鋒患直腸癌3期醫生：如果不做手術最多只有一年命現年54歲嘅「TVB御用惡人」彭皓鋒（Peter），前年7月證實患上直腸癌第三期，但因腫瘤位置接近肛門，如果接受切除腫瘤手術，有機會終身背著造口袋，對家人做成負擔，所以暫無開刀打算。現時與腫瘤並存嘅佢，一直保持積極心態，積極面對治療，近日佢喺小紅書上載影片透露近況。 28Hse.com· 港漂女383萬買「無契樓」睇電視才驚覺「中伏」直斥：「大騙局！」上月...
China Cancels US Pork Shipments After Tariffs Raise Prices

2 weeks ago | bloomberg.com | Michael Hirtzer

A worker arranges boxes of imported pork from the US at a cold storage warehouse in Shanghai on March 5. (Bloomberg) -- Tariffs are starting to hit American meat exports, with China making its biggest cancellation of pork orders since 2020, according to Thursday data from the US Department of Agriculture. The cancellation of 12,000 metric tons of US pork was the most since the Covid-19 pandemic roiled global supply chains.