Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday on bargain buying, a day after the benchmark December contract fell to a 10-month low, traders said. CME December lean hog futures settled up 2.075 cents at 76.5 cents/lb. (all figures US$). Front-month October hogs ended up 3.8 cents, at 90.8 […] Read more
U.S. livestock: CME hogs up off 10-month low on bargain-buying
Live cattle also up on technical buying
U.S. grains: Soy sags on recession fears, firm dollar
Corn inches higher, wheat down on day
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended down about one per cent on Wednesday on macroeconomic worries as the dollar bounced and brokers awaited more information on the size of the U.S. harvest, analysts said. Wheat futures closed lower after a choppy session but corn eked out a higher close as traders awaited fresh […] Read more
U.S. livestock: CME lean hogs, live cattle retreat on technical selling
Funds net long in hogs, cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange benchmark December lean hog futures fell about four per cent on Tuesday, hitting a 10-month low on technical selling and worries about consumer demand for meat, traders said. Brokers shrugged off strength in outside markets including crude oil and Wall Street equity markets, which firmed as fears eased […] Read more
U.S. grains: Corn, soy rise on broad commodities strength
Chicago December wheat dips
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed higher on Tuesday, following broad strength in commodity and equity markets tied to easing concerns about the global economy, traders said. The dollar index retreated from two-decade highs set last week, softening after Australia’s central bank surprised investors with a smaller-than-expected interest rate hike. The […] Read more
U.S. livestock: CME December hogs extend slide on long liquidation
Cattle futures down on demand concerns
Reading Time: 2 minutes Chicago | Reuters — Benchmark December lean hog futures on the Chicago Mercantile Exchange continued their slide on Wednesday, hitting a nine-month low on recession worries and long liquidation. CME October hogs ended up 0.675 cent at 89.375 cents/lb. (all figures US$). But most-active December hogs fell 0.425 cent to settle at 75.825 cents/lb. after […] Read more
U.S. grains: Wheat up on war worries
Corn, soy also firm despite recession fears
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose more than three per cent on Wednesday, supported by fears of escalating conflict between major grain exporters Russia and Ukraine, as well as dry conditions in the U.S. Plains crop belt, analysts said. Corn followed wheat futures higher and soybeans closed up fractionally, shaking off pressure from […] Read more
U.S. livestock: CME hogs tumble to nine-month low on recession fears
Chicago live cattle end mixed
Reading Time: 2 minutes Chicago | Reuters — Benchmark December lean hog futures on the Chicago Mercantile Exchange fell for a fifth consecutive session on Tuesday, touching a nine-month low as fears of a recession hurting consumer demand for meat triggered another round of long liquidation, traders said. Sliding prices for cash hogs and wholesale pork added to bearish […] Read more
U.S. grains: Wheat rises on short-covering, Ukraine worries
Soy turns lower; corn ends up but down off day's high
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose 1.6 per cent on Tuesday as worries about escalating conflict in Ukraine and a pause in the U.S. dollar’s run-up to 20-year highs spurred a round of short-covering, traders said. Corn futures also firmed but pared gains by the close, and soybean futures turned lower on technical […] Read more
U.S. grains: Wheat, corn, soybeans sag on recession fears
Projections raised for Russian wheat crop
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than two per cent and corn and soybeans followed the weaker trend on Monday, as fears of a global economic downturn, a rising dollar and expectations of a bumper wheat crop in Russia weighed on commodity markets, analysts said. Forecasts for favourably dry weather for the […] Read more
U.S. livestock: CME cattle, hog futures fall to multi-month lows
Recession fears eat at demand expectations
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a two-month low on Monday and the benchmark December lean hogs contract hit an eight-month low as worries about the U.S. and world economy triggered a round of long liquidation, analysts said. “This market is looking for positive news, and not finding a lot. […] Read more
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