Missouri Minute: Trade dispute clouds Bayer’s earnings picture; farmers face depleted feed supply from drought

Here are today’s top headlines from across Missouri:

US-China trade dispute clouds earnings picture for Monsanto parent Bayer

Bayer said it is difficult to predict 2019 earnings in its agriculture business, which now includes Creve Coeur-based Monsanto, as a result of the ongoing trade dispute between the U.S. and China. The head of Bayer’s crop science division said the company could potentially benefit if more American farmers begin planting corn to avoid the Chinese tariff on soybeans enacted in response to U.S. tariffs. Read more

Farmers face depleted feed supply from drought

Despite recent rainfall, more than half of Missouri is still experiencing some level of drought as of the latest Drought Monitor report, and that has decimated the feed supply for farmers raising livestock. Missouri hay production is at its lowest level in 30 years. Read more

American Piping Products bought by Chicago private equity firm

American Piping Products, a Chesterfield-based supplier of steel pipe, tubes and fittings, has been acquired by Center Rock Capital Partners, a Chicago-based private equity firm. American Piping is one of the largest privately held companies in the St. Louis area, with 2017 revenue of $155 million and more than 100 employees. Read more

McDonald’s workers in KC, St. Louis strike over sexual harassment

McDonald’s workers in Kansas City and St. Louis went on a one-day strike Tuesday, joining workers from eight other cities across the U.S. in protesting the fast-food chain’s handling of workplace sexual harassment. Spurred to act by the #MeToo movement, the workers rallied outside restaurants Tuesday. Read more

Platte County faces credit downgrade over Zona Rosa debt

Platte County has seen its credit scores plummet this month as it faces the prospect of defaulting on debt obligations used to finance the Zona Rosa shopping center. Last month, the Platte County Commission discussed possibly skipping a scheduled December debt payment on the struggling Kansas City shopping center. Ratings agencies caught wind of that conversation and have downgraded Zona Rosa’s bonds significantly. Read more

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