Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) nearby lean hog futures closed higher on Tuesday for a second session on technical buying after last week’s multimonth lows and hopes that a resumption of U.S.-China trade talks could spur export demand for U.S. pork, traders said. U.S. President Donald Trump and Chinese President Xi Jinping […] Read more
U.S. livestock: Nearby lean hogs firm on bargain-buying, China hopes
U.S. livestock: Lean hogs up on trade hopes, falling corn prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Monday on a mix of technical buying, falling corn prices and muted optimism about the weekend resumption of U.S.-China trade negotiations, traders said. “Lean hog futures (received) support from hopes of more Chinese buying after weekend talks went well,” INTL FCStone chief […] Read more
U.S. livestock: CME lean hogs up on bargain buying
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Wednesday in light bargain-buying after last week’s slide to three-month lows, but soft cash markets and ample hog supplies hung over the market and limited rallies, traders said. CME July lean hog futures settled up 0.15 cent at 81.625 cents/lb. and […] Read more
U.S. grains: Corn down second session after five-year high
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell about two per cent on Wednesday, sagging for a second straight session as an absence of fresh bullish news prompted investors to book profits after multi-year highs set this week. Soybean and wheat futures followed the weak trend, with a few analysts citing improving U.S. weather forecasts. […] Read more
U.S. livestock: CME live cattle closed mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Tuesday, with expectations for a weak cash trade pressuring the benchmark August contract while back months ended firm, traders said. Packers were not bidding aggressively for cattle, a factor that some traders took as a bearish signal. “The bids that were out […] Read more
U.S. grains: Corn down on profit-taking as planting ‘virtually done’
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined on Tuesday as government data showing a rain-delayed planting campaign was nearing an end encouraged a pause in a rally that took prices to a five-year high a day earlier. Wheat futures sank on profit-taking and competition for global export business. Soybeans edged higher, supported by ongoing […] Read more
U.S. livestock: CME lean hogs, live cattle firm on bargain buying
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose about two per cent on Monday on bargain buying after multi-month lows, but a large U.S. hog supply hung over the market, capping the rally, traders said. CME July lean hog futures ended up 1.7 cents at 83.05 cents/lb. after dipping to 80.525 cents, […] Read more
U.S. grains: Corn sets five-year high, soybeans up on poor weather
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures touched a five-year high on Monday and soybeans advanced, supported by forecasts for more rains in the Midwest where wet conditions have delayed plantings and cast doubts on production prospects, analysts said. Chicago Board of Trade wheat closed modestly higher after a choppy session. CBOT July corn settled […] Read more
U.S. livestock: CME lean hogs slide on fund liquidation
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell more than two per cent on Friday on long liquidation and slower-than-expected export demand for U.S. pork supplies, analysts and traders said. Traders have been anticipating a jump in U.S. pork exports this year as African swine fever, a deadly hog disease, ravages China’s […] Read more
U.S. grains: Corn reaches five-year high on crop uncertainty, firm cash
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures climbed to their highest level in five years on Friday as forecasts for more showers in the eastern Midwest next week clouded U.S. production prospects, analysts said. Soybeans also advanced on the weather worries and wheat closed higher after a choppy session. Chicago Board of Trade July corn […] Read more
A message from April Stewart, Country Guide's Associate Editor
