Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures surged on Tuesday in a short-covering rebound from multi-month lows in the prior session, supported by the market’s steep discount to cash market prices. Feeder cattle futures rose by as much as the daily trading limit, triggering expanded limits for both feeders and live cattle for […] Read more
U.S. livestock: CME cattle up on short covering, discount to cash
Short covering also lifts CME hogs
U.S. livestock: Fund selling sends CME cattle to multi-month lows
February hogs touch contract low
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled sharply for a second straight session on Monday on fund long liquidation, technical selling and concerns about slowing beef demand and rising supplies. Actively traded February live cattle dropped to an eight-month low while several deferred-month contracts posted life-of-contract lows. January feeder cattle plunged more […] Read more
Bunge seeks antitrust approvals for Viterra merger in major jurisdictions
Commodities market competition healthy in Canada, U.S., CEO says
Reading Time: < 1 minute Minneapolis | Reuters — Bunge has filed for regulatory approvals for its merger with crop handler Viterra in “major jurisdictions” in North and South America, Europe and China, and has gotten the green light from some of its smaller markets including Colombia, CEO Greg Heckman said on Thursday. The merger, which would create a company […] Read more
Low water on Mississippi to persist despite improved drought outlook
Risk of getting stuck mean less grain per barge
Reading Time: 2 minutes Chicago | Reuters — Low water levels on the lower Mississippi River are likely to persist through at least January despite expected above-normal precipitation across the southern U.S. this winter, forecasters with the National Oceanic Atmospheric Administration (NOAA) said on Thursday. The severe to exceptional drought choking the lower Mississippi River valley is expected to […] Read more
U.S. livestock: Cattle retreat as energy rally dents beef demand outlook
Lean hog futures mostly also lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday as traders banked profits and squared positions ahead of the weekend as geopolitical turmoil riled energy markets and stoked concerns about beef demand. Crude oil rallied more than five per cent on Friday on the escalating Middle East conflict as the Israeli military […] Read more
U.S. grains: Soy, corn slip on profit taking, macro pressure
Exports lift wheat futures
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures retreated on Friday on profit-taking after hitting two-week highs in the previous session and as souring consumer sentiment and inflation worries hung over the market. Corn futures followed soybeans lower, but wheat rallied after the U.S. Department of Agriculture (USDA) reported stronger-than-expected weekly export sales and confirmed a […] Read more
U.S. livestock: Cattle, hogs down as Middle East war sparks risk-off selling
Smithfield to shut Charlotte, N.C. plant
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures retreated on Monday while lean hog futures fell for the first time in four sessions, pressured by risk-off selling as violence erupted in the Middle East over the weekend and riled global markets. The bloodiest fighting in years between the Palestinian Islamist group Hamas and Israel […] Read more
U.S. livestock: CME cattle touch contract highs on cash prices, tight supplies
Lean hogs mixed in technical trading
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to life-of-contract highs on Friday on firmer cash market prices and tight supplies of market-ready animals, traders said. Feeder cattle futures also posted contract highs across the board, drawing additional support from weaker feed corn prices. Feedlot cattle in the central and southern U.S. […] Read more
U.S. grains: Soybeans down on positioning, crush pace
CBOT wheat ends up on week
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Friday on technical selling and profit taking after two sessions of gains, and as a monthly crush report showed U.S. processors handled far fewer beans than expected in August. Corn futures followed soybeans lower, with both markets also pressured by improving crop conditions in Europe and […] Read more
U.S. livestock: CME cattle futures ease in technical setback after highs
Nearby lean hogs also down on technical selling
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures retreated on Wednesday in a technical selling and profit-taking setback after hitting highs earlier in the week, traders said. Higher feed corn prices and a weak tone to the cash beef market added pressure, they said. “This is technical after feeder cattle hit […] Read more
A message from April Stewart, Country Guide's Associate Editor
