Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a three-month low on Tuesday, pressured by ample global supplies and technical selling, analysts said. Corn futures also hit a three-month low, turning down as wheat sagged and storms brought crop-friendly rains to the Midwest. But soybean futures clung to modest gains, supported by declining U.S. […] Read more
U.S. grains: Wheat slides on global supplies, drags corn lower
U.S. livestock: Cattle futures up on larger-than-expected weekly slaughter
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday after U.S. government data showed last week’s slaughter was bigger than the previous week’s, despite a fire that shuttered a Kansas beef plant. The U.S. Department of Agriculture estimated the weekly U.S. cattle slaughter through Saturday at 651,000 head, up from […] Read more
U.S. grains: Corn, soybeans slide on beneficial weekend rains
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 1.6 per cent on Monday and soybean futures also declined after much-needed rains crossed dry areas of the Corn Belt over the weekend, bolstering crop production prospects, analysts said. Wheat followed the softer trend. Chicago Board of Trade December corn settled down 6-1/4 cents at $3.74-1/2 per […] Read more
U.S. livestock: CME hogs book biggest one-week climb since April
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Friday and the most-active August contract recorded its biggest weekly gain since April, supported by expectations of thinning U.S. hog supplies, traders said. A glut of hogs has hung over the futures market for months, but traders see supplies starting to […] Read more
U.S. livestock: Lean hogs end lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell about three per cent on Thursday on sluggish cash markets, traders said, retreating after a two-session surge that lifted the August contract to a near-three-week high a day earlier. CME August lean hogs settled down 2.55 cents at 79.175 cents/lb., one day after […] Read more
U.S. livestock: Hogs up on technical buying, cash values
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures neared a three-week high on Wednesday, buoyed by a mix of technical buying and ideas that a glut of U.S. hog supplies was showing signs of tightening, traders said. Fears of an expansion in Asia of the African swine fever (ASF) outbreak in China […] Read more
U.S. livestock: Hogs limit up on firming cash pork, China hopes
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures roared higher on Tuesday, with the most-active August and October contracts settling up by the daily three-cent-per pound limit on a mix of technical buying, firmer cash pork values and optimism about U.S. trade talks with China, traders said. CME’s most-active August lean hogs […] Read more
U.S. livestock: CME lean hogs down on ample supplies
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed lower on Monday for a third straight session as plentiful U.S. hog and pork supplies continued to weigh on the market, analysts said. CME’s most-active August lean hogs contract ended down 0.975 cent at 76.075 cents/lb. after dipping to 75.575 cents, its lowest […] Read more
U.S. livestock: CME live cattle jump on firmer cash trade
Reading Time: < 1 minute Chicago | Reuters –– Chicago Mercantile Exchange (CME) live cattle futures settled higher on Friday and set a one-month top, buoyed by higher cash cattle trades in northern states including Nebraska and Iowa, traders said. The U.S. Department of Agriculture (USDA) confirmed that more than 22,000 head of cattle traded Wednesday in Nebraska, mostly from […] Read more
U.S. livestock: CME lean hogs end down, live cattle up
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange (CME) lean hog futures closed lower on Wednesday on technical selling including profit-taking and long liquidation ahead of the U.S. Independence Day holiday, along with bearish supply fundamentals, traders said. CME’s benchmark August lean hogs contract ended down 0.6 cent at 78.375 cents/lb., turning lower after rising to […] Read more
A message from April Stewart, Country Guide's Associate Editor
