Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures closed higher on Tuesday for a third straight session, lifted by surging wholesale beef prices and optimism that coronavirus vaccines could trigger an economic recovery, bolstering demand for meat, traders said. Wall Street’s Dow Jones industrial average hit a record high above 30,000 on upbeat COVID-19 vaccine news, […] Read more
U.S. livestock: Cattle futures follow beef prices, Dow higher
Chicago lean hogs end mixed
U.S. farmers seed more winter wheat as grain prices rally
Reading Time: 3 minutes Chicago | Reuters — U.S. farmers expanded seedings of winter wheat this autumn for the first time in eight years as strong demand and dry weather in several producing countries fuels higher prices for the grain, farmers and analysts said. Winter wheat, seeded in the Northern Hemisphere in autumn for harvest in June, is the […] Read more
U.S. grains: Wheat up on crop ratings
Corn drifts lower, soybeans down day after touching $12
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures climbed to two-week highs on Tuesday as a surprise decline in winter wheat condition ratings raised concerns about supplies of the food grain, traders said, while corn futures ticked lower ahead of Thursday’s U.S. Thanksgiving holiday. Chicago Board of Trade March wheat futures settled up 13 cents at […] Read more
U.S. livestock: Live cattle futures up two per cent
U.S. feedlot data, beef prices supportive
Reading Time: < 1 minute Chicago | Reuters — U.S. cattle futures closed higher on Monday, buoyed by Friday’s supportive monthly Cattle on Feed report, rising wholesale beef prices and strength on Wall Street tied to hopes for a COVID-19 vaccine, traders said. “All of the above (suggest) optimism for the meat market,” said Jason Roose, analyst and broker with […] Read more
U.S. grains: Soy touches US$12 mark on Brazil weather
CBOT March corn, wheat also up
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to US$12 a bushel on Monday for the first time in four years as dry conditions in parts of Brazil and Argentina stoked concerns about supplies of the oilseed, analysts said. Corn advanced, also lifted by worries about dryness in South America, and wheat futures followed the […] Read more
U.S. grains: Corn declines on long liquidation
Soybeans lower, wheat rallies
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined on Monday as funds scaled back long positions ahead of the U.S. presidential election, and forecasts called for optimal weather in the Midwest, where farmers are wrapping up the harvest of corn and soybeans, analysts said. Wheat futures turned higher, rallying on bargain-buying after a five-session slide. […] Read more
U.S. livestock: Live cattle up with wholesale beef prices
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures inched higher on Monday as rising wholesale beef prices buoyed the market in light-volume trade, analysts said. Chicago Mercantile Exchange December live cattle futures settled up 0.25 cent at 108.55 cents/lb. (all figures US$). “That’s still the underlying factor — (cattle) weights are not as big as […] Read more
U.S. livestock: Live cattle edge higher in subdued trade
Chicago hogs end mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Friday for a fourth straight session, supported by follow-through technical buying after Thursday’s strong close and brisk demand for beef, analysts said. But trading volume was thin as brokers waited for significant cash cattle trade to emerge. Fat cattle traded lightly in the southern […] Read more
U.S. grains: Wheat slides on profit-taking, weather
January soybeans up, December corn flat
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures fell on Friday for a fifth straight session, retreating from multi-year highs set last week, on fund-driven long liquidation and improving crop prospects in the southern U.S. Plains, analysts said. Soybean futures firmed on export demand while corn settled narrowly mixed, with the front December contract losing relative […] Read more
U.S. livestock: Live cattle futures jump on tightening supplies
Lower wholesale pork values drag on hogs
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Thursday on expectations that tight cattle supplies and rising demand for beef will buoy cash cattle markets, analysts said. Cash cattle traded lightly in the southern Plains this week at $106/cwt, the U.S. Department of Agriculture reported, even with last week (all figures US$). […] Read more
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