Reading Time: < 1 minute Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange eased for a fifth consecutive session on Tuesday, pressured by a combination added seasonal supply and deflated demand as China faces protests over COVID-19 lockdowns. “This three-week period, we’re pushing a large supply of hogs through the system,” said Rich Nelson, chief strategist […] Read more
U.S. livestock: February hogs fall on high supply, export demand concerns
Cattle futures up but seasonal pressures await
U.S. livestock: CME live cattle, lean hogs ease
Beef supply drawdown 'quite substantial' in October
Reading Time: < 1 minute Chicago | Reuters — Live cattle futures at the Chicago Mercantile Exchange fell on Wednesday during thin pre-Thanksgiving trade, though analysts said market fundamentals remains supportive. The Chicago Board of Trade (CBOT) will be closed on Thursday for the U.S. Thanksgiving holiday. Reductions in beef cold storage supplies last month should be supportive after the […] Read more
U.S. livestock: CME live cattle, lean hogs ease
Cold storage adds versus year-earlier
Reading Time: < 1 minute Chicago | Reuters — Live cattle futures at the Chicago Mercantile Exchange eased on Tuesday on softer holiday demand, after climbing to three-week highs a day prior due to tighter-than-expected cattle supplies, traders said. “With a short week, you won’t have to have as aggressive a cash trade to fill out the packer needs for […] Read more
U.S. grains: Wheat soars on new data, Russia’s annexation move
Corn climbs on smaller stocks; soybeans dip after bigger-than-expected stocks
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat spiked on Friday, supported by a drastic cut to U.S. production estimates by the Agriculture Department, and Russia’s annexation of parts of Ukraine followed by increased U.S. sanctions. Corn climbed on smaller-than-expected U.S. stockpiles, while soybeans sank after USDA noted increased stores of the oilseed. The most-active wheat contract […] Read more
U.S. livestock: CME live cattle lower, underpinned by tight supply
October lean hogs also lower
Reading Time: < 1 minute Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange eased on Friday, pressured by softening cash trade across the U.S. Plains, though markets remain supported by tightening supplies as producers continue to liquidate their herds, analysts said. “Our short-term supply issues are still front and centre. We’re running two-three per cent […] Read more
U.S. grains: Soybeans firm on exports, mixed harvest results
CBOT wheat eases after earlier gains; Russia's annexation plans in focus
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures inched higher on Thursday, supported by strong export sales after lower trade much of the week as harvest progresses across the U.S. Midwest, though some farmers report lower-than-anticipated yields, analysts said. Corn and wheat eased ahead of Friday’s U.S. Department of Agriculture (USDA) quarterly U.S. grain stocks and […] Read more
U.S. livestock: CME December hogs ease
U.S. hog herd shrinks; cattle futures firm
Reading Time: 2 minutes Chicago | Reuters — Benchmark December lean hog futures on the Chicago Mercantile Exchange eased on Thursday ahead of the U.S. Agriculture Department’s quarterly hog and pigs report, released after the market closed. CME October hogs firmed 0.75 cent at 89.45 cents/lb., but most-active December hogs fell 0.1 cent to 75.725 cents/lb. (all figures US$). […] Read more
U.S. grains: Wheat up on new concerns for Black Sea supplies
Corn, soybeans up on slow harvest
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures climbed on Tuesday after a day-earlier slide, underpinned by renewed fears about Black Sea supplies, traders said. Soybeans and corn also firmed, supported by slower-than-expected progress in the U.S. harvest. The most-traded wheat contract on the Chicago Board of Trade (CBOT) gained 63-1/4 cents to $8.93-3/4 a bushel, […] Read more
U.S. livestock: CME live cattle firm on strong cash trade
Nearby hogs lower despite cash strength
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle strengthened on Tuesday, underpinned by strong cash markets and tight supplies of market-ready cattle, though recession fears limit gains, traders said. “We saw some pretty strong cash trade in the western corn belt yesterday,” said Alan Brugler, president of Brugler Marketing. “Our long-term bias is higher, […] Read more
U.S. grains: Wheat falls on Russian production outlook
Exports underpin U.S. soybeans
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most […] Read more
A message from April Stewart, Country Guide's Associate Editor
