Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) fell the daily three-cent-per-pound limit on Monday as fears of a prolonged trade war between the U.S. and China triggered long liquidation, analysts said. China said it would impose higher tariffs on a range of U.S. goods, following Washington’s decision last […] Read more
U.S. livestock: Lean hogs limit down on trade war woes
U.S. grains: Corn higher on wet weather forecast
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose about one per cent on Friday as wet weather forecast for the Midwest crop belt prompted short-covering, analysts said, while soybeans fell to multi-month lows. Wheat futures firmed slightly but still recorded a weekly decline as ample global supplies anchored the market. Chicago Board of Trade July […] Read more
U.S. livestock: CME lean hogs post third weekly slide
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures declined on Friday, pressured by soft cash markets and long liquidation, traders said. The benchmark June lean hogs contract on the Chicago Mercantile Exchange recorded its third straight weekly decline after soaring to an April 5 contract high at 99.825 cents/lb. (all figures US$). The contract closed […] Read more
U.S. livestock: CME lean hogs limit down on disappointing export sales
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures plunged on Thursday, with the five most actively traded contracts settling down the daily three-cent-per-pound limit after weekly U.S. export data showed no new pork sales to China, traders said. Live cattle and feeder cattle futures on the Chicago Mercantile Exchange also declined, pressured by long liquidation […] Read more
U.S. grains: Soy higher after three-day skid
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed higher on Thursday, snapping a three-session slide, while corn and wheat rebounded from contract lows as fund-driven selling paused and forecasts signaled more U.S. planting delays, traders said. Chicago Board of Trade (CBOT) July soybeans settled up four cents at $8.72-3/4 per bushel (all figures US$). CBOT […] Read more
USDA won’t survey for volume of grain lost to March floods
Reading Time: < 1 minute Chicago | Reuters — The U.S. Department of Agriculture’s statistical arm will not collect data on the volume of harvested grain lost when farms from the Dakotas to Missouri were hit by flooding in March that burst grain storage bins, a government official said on Tuesday. However, figures in USDA’s regular quarterly stocks report for […] Read more
U.S. livestock: CME live cattle futures down on long liquidation
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell to a six-week low on Wednesday as lower cash beef prices and bearish technical signals prompted a round of long liquidation, traders said. Chicago Mercantile Exchange lean hog futures closed mixed, with nearby contracts turning higher and gaining against back months. Commodity funds hold net long […] Read more
U.S. grains: Corn, soy drop to multimonth lows
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to their lowest level in seven months on Wednesday and spot soybean futures hit a 5-1/2-month low on ample global supplies and dimming prospects for U.S. export business, analysts said. Wheat also declined, with Chicago Board of Trade futures hitting a one-month low while K.C. and Minneapolis […] Read more
U.S. livestock: Lean hog futures lower, live cattle follow suit
Reading Time: 2 minutes Chicago | Reuters – U.S. hog futures declined on Monday on a mix of softer cash hog prices and technical selling after a run-up to contract highs earlier this month, traders said. Chicago Mercantile Exchange live cattle futures followed hogs lower. The benchmark June lean hogs contract fell roughly 3 percent, settling down 2.975 cents at 93.775 […] Read more
U.S. grains: Wheat down on strong production prospects; corn, soy also weak
Reading Time: 2 minutes New York | Reuters – Chicago wheat futures fell more than 1 percent to a one-month low on Monday, pressured by generally favorable U.S. crop conditions and expectations of abundant global supplies, traders said. Corn fell in sympathy with wheat and on outlooks for improved planting weather in parts of the Midwest, and soybeans also […] Read more
A message from April Stewart, Country Guide's Associate Editor
