Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures rebounded on technical buying on Friday, though declining wholesale beef prices and weaker cash markets have weighed on prices, analysts said. CME December live cattle LCZ25 rose 1.025 cents to end at 234.50 cents per pound. CME November feeder cattle FCX25 rose 3.025 cents to end […] Read more
U.S. livestock: Cattle rebound on technical buying
U.S. livestock: CME cattle fall on profit-taking
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on profit-taking on Thursday, though hopes for the border reopening to Mexican cattle imports have also put a damper on prices. On Tuesday, the U.S. Food and Drug Administration announced it had approved Dectomax-CA1, an injectable anti-parasitic medication, to prevent and treat screwworm in cattle. […] Read more
U.S. grains: Soybeans rebound as market weighs China prospects
Reading Time: 2 minutes Chicago soybean futures ticked higher on Thursday, continuing the previous day’s rebound as the market assessed chances for a resumption in Chinese demand following comments by U.S. President Donald Trump.
U.S. livestock: Cattle choppy amid weak cash market, tight supply
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures traded both sides of unchanged on Wednesday as mixed-to-weaker cash markets and a continued tight supply of cattle buffeted futures, analysts said. Industry experts said the U.S.-Mexico border is likely to be closed to cattle imports for the foreseeable future as the flesh-eating screwworm parasite spreads. […] Read more
U.S. grains: Chicago grains, soy rebound after Trump announces meeting with Xi
Reading Time: 2 minutes Chicago soy futures rebounded on Wednesday from below the psychological $10 threshold after U.S. President Donald Trump said soybeans will be a major topic of discussion when he meets with Chinese President Xi Jinping in four weeks.
U.S. grains: Soybeans, corn fall on harvest pressure
Reading Time: 2 minutes U.S. corn and soybean futures were lower on Monday in choppy trade, pressured by the expanding Midwest harvest of both crops, but uncertainty about quarterly government stocks data due on Tuesday kept a floor under prices, analysts said.
U.S. livestock: Hog futures slide in technical correction
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures ticked lower on Monday in a technical pullback after futures surged in the previous session, traders said. The U.S. Department of Agriculture in its quarterly Hogs and Pigs report on Thursday said the nation’s inventory on September 1 was 74.5 million head, down 1.3 per […] Read more
U.S. livestock: Cattle futures higher on screwworm news
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Monday after news that New World screwworm, a flesh-eating parasite, was detected 70 miles from the U.S.-Mexico border, analysts said. Analysts believed the news would mean the U.S.-Mexico border will be closed to feeder cattle imports for the foreseeable future. “It’s bullish […] Read more
U.S. grains: Soybeans drop on lack of Chinese demand, wheat hits contract lows
Reading Time: < 1 minute Chicago | Reuters – soybeans fell to a six-week low on Monday, as a phone call last week between U.S. President Donald Trump and Chinese President Xi Jinping provided no signs of progress on negotiations over agricultural exports, analysts said. Wheat fell on expectations of plentiful global supplies. Corn also dipped as dealers awaited the […] Read more
U.S. grains: Soy, corn futures weaken on harvest pressure, firm dollar
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean and corn futures fell on Thursday on seasonal pressure as the harvest expanded in the heart of the Midwest and the dollar firmed, making U.S. grains less competitive globally, analysts said. Uncertainty about biofuel demand weighed on soyoil futures as well. Chicago Board of Trade November soybeans SX25 settled […] Read more
A message from April Stewart, Country Guide's Associate Editor
