Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures rallied on Thursday to a record high on strong cash market prices and tight supplies linked to the U.S. suspension of Mexican imports due to the spread of screwworm south of the border. Live cattle followed feeders higher, posting new contract highs in deferred contract […] Read more
U.S. livestock: Feeder cattle rise to new highs on tight supply, strong cash prices
U.S. grains: Soybeans slip on profit-taking, China trade worries
Reading Time: 2 minutes U.S. soybean futures retreated on Thursday after two days of gains, pressured by profit taking and technical selling and on growing concerns about a promised farmer aid package and a breakthrough in U.S.-China trade negotiations.
U.S. livestock: Feeder cattle hit record high on tight supply, strong cash prices
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures scaled to a record high on Wednesday on strong cash market prices and tight supplies as the U.S. border remains closed to Mexican imports due to the northward spread of the parasitic pest screwworm. Live cattle followed feeders higher, supported by a rebound in wholesale […] Read more
U.S. grains: Soybeans gain on lackluster harvest sales, lower yield outlook
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a second straight day on Wednesday on expectations that U.S. harvest yields will be lower than the latest government forecast and on limited sales by farmers awaiting news from U.S.-China trade talks and details of government aid. Corn followed soybeans higher as an expected yield forecast […] Read more
U.S. livestock: Cattle futures gain on higher beef values, tight supplies
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed for a third straight session on Tuesday, propelled by rising beef prices and strong gains in the feeder cattle market, analysts said. Feeder cattle futures reached their highest point in six weeks on tight supplies of animals and an ongoing ban on Mexican imports […] Read more
U.S. grains: Soybeans tick up as market weighs crops, U.S.-China ties
Reading Time: 2 minutes U.S. soybean futures firmed on Tuesday on technical and seasonal buying after two sessions of losses, as traders monitored U.S. harvesting, Brazilian planting progress and updates on trade negotiations with China and a U.S. farmer bailout package.
U.S. grains: Soybean ease on harvest pressure, competition from Brazil
Reading Time: 2 minutes U.S. soybean futures eased on Monday on active harvesting across the Midwest farm belt and brisk early planting as well as exports in rival supplier Brazil, and as top importer China continues to shun U.S. supplies.
U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes
Reading Time: 2 minutes U.S. soybean futures closed lower on Friday as pressure from a fast-advancing U.S. harvest offset early-session support from hopes that upcoming U.S.-China talks could revive stalled soybean trade.
U.S. livestock: Live cattle drop as beef prices, packer margins erode
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on Wednesday on long liquidation by funds and as sinking beef prices and eroding packer margins weighed on the market. Feeder cattle futures also retreated in a technical correction after four consecutive sessions of gains that were fueled by concerns over tightening U.S. supplies. “We […] Read more
U.S. grains: Soybeans near six-week low as China shuns U.S. supplies
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures eased on Wednesday on export concerns as large sales of Argentine soy to China kept attention on the top importer’s lack of purchases from the U.S. Corn followed soybeans lower, although losses were limited by early harvest reports of smaller-than-expected yields in the heart of the Midwest Corn […] Read more
A message from April Stewart, Country Guide's Associate Editor
