Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday on profit-taking after a two-session climb and pressure from softening cash hog prices, traders said. CME benchmark October lean hogs settled down 2.075 cents at 91.525 cents/lb. and December hogs ended down 1.625 cents at 83.875 cents/lb. The CME Lean Hog Index, […] Read more
U.S. livestock: CME lean hog futures follow cash hogs lower
Live cattle down, feeder cattle mixed
U.S. grains: Corn dips but still posts monthly gain
CBOT soy lower, wheat up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined for a second session on Wednesday on profit-taking at the end of the month and mounting recession worries, but the market nonetheless gained eight per cent during August due to eroding U.S. and European crop prospects. Soybean futures ended lower after a back-and-forth session. But wheat turned […] Read more
U.S. grains: Corn down on recession fears, profit-taking
Corn falls off two-month top; soy, wheat also down
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, wheat and soybean futures fell on Tuesday, joining broad declines in commodities and equity markets as traders fretted about the health of the global economy. Profit-taking also weighed on corn futures, a day after the benchmark December contract notched a two-month high linked to declining U.S. crop production prospects. […] Read more
U.S. livestock: Cattle futures climb on bargain-buying
CME lean hogs also higher
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday on bargain-buying, a day after the October contract hit a 3-1/2 week low, traders said. A setback in prices for corn, a key feedgrain, added support. But rallies were capped by broad declines in commodities, including crude oil, and Wall Street equity […] Read more
U.S. livestock: Lean hog, live cattle futures down on profit-taking
CME September feeder cattle also down
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed lower on Friday on cooling wholesale pork prices and profit-taking at week’s end, a day after the benchmark October contract set a life-of-contract high. Cattle futures also set back on profit-taking, but the most-active October live cattle contract posted a second straight weekly advance, […] Read more
U.S. livestock: Hog, cattle futures up on broad commodities rally
Lower-than-expected inflation data provides boost
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Wednesday, with the October contract hitting a life-of-contract high on brisk pork demand and broad strength in commodities on signs of decelerating U.S. inflation, traders said. Livestock and other commodities rose along with Wall Street equity markets as lower-than-expected U.S. inflation data drove […] Read more
U.S. grains: Wheat falls 3 percent as Ukraine shipments resume; corn, soy also sag
Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures fell more than 3 percent on Tuesday as the resumption of maritime grain exports from Ukraine tempered global grain supply concerns, and the dollar <.DXY> rallied, making U.S. grains less competitive globally. Corn and soybean futures also fell on better-than-expected weekly U.S. crop conditions. All three markets sagged late in the […] Read more
U.S. livestock: Live cattle, feeder cattle futures rise; lean hogs end lower
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged higher on Monday, supported by rising feeder cattle values and firm wholesale beef prices as Labor Day, the last big grilling holiday of summer, approaches. CME August live cattle futures LCQ2 settled up 0.325 cent at 136.775 cents per lb and the most-active October […] Read more
U.S. livestock: Cattle futures end higher on firm beef prices
Futures up before new USDA figures released
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, supported by strong beef prices and positioning ahead of U.S. government reports released after the close of the market, traders said. CME August live cattle futures settled up 1.65 cents at 137.375 cents/lb. and most-active October ended up 2.025 cents at […] Read more
U.S. grains: Wheat falls six per cent on Ukraine grain export deal
CBOT corn sags, soy rallies
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell nearly six per cent on Friday to their lowest level since February after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said. Corn fell almost two per cent on the news but soybean futures closed higher, rebounding from […] Read more
A message from April Stewart, Country Guide's Associate Editor
