Reading Time: < 1 minute Chicago | Reuters — CME lean hog futures fell sharply on Friday, with the most-active October contract notching a limit-down move as traders worried that seasonal growth in supplies will outstrip demand. Weakness in the cash market also spilled over into the futures, traders said. The demand concerns stemmed from uncertainty about potential purchases from […] Read more
U.S. livestock: CME hogs limit down on demand concerns
U.S. grains: Corn, soy, wheat rise but post big weekly losses
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Friday on a technical rebound as traders evened up positions after the grains market posted sharp declines during the week. The heavy weekly losses — corn posted its biggest weekly drop in percentage terms since June 2016 — stemmed from a surprise boost […] Read more
U.S. livestock: Hog futures sink to five-month low
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures fell to a five-month low on Thursday, pressured by big supplies that overwhelmed any optimism about news that China made its biggest purchases of U.S. pork in seven weeks, traders said. The world’s largest pork consumer bought 10,211 tonnes of U.S. pork between Aug. 2-8 […] Read more
U.S. grains: Corn futures break losing streak
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures steadied near a three-month low on Thursday as traders said the market was oversold following sharp declines stemming from a bearish U.S. Agriculture Department harvest forecast issued on Monday. Soybean futures traded higher overnight but turned lower after a weak export sales report. Soy futures settled near session […] Read more
U.S. livestock: Cattle futures mixed, hogs firm
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures were mixed on Wednesday, with deferred months mostly higher on bargain buying after hitting multiyear lows on Tuesday. But nearby live cattle contracts continued to weaken. The front-month contract hit its lowest level since October 2016 on expectations that the shutdown of a major beef […] Read more
U.S. grains: Corn, soybean futures fall
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 1.5 per cent on Wednesday, with investors shedding risky assets as concerns about the global economy spilled over into the grain markets. Forecasts for some rain in key growing areas of the U.S. Midwest in the coming weeks added to the pressure on the corn market and […] Read more
U.S. livestock: Cattle futures limit down again on Tyson fire
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures plunged to multiyear lows on Tuesday, with some contract months for both live cattle and fed cattle ending at their daily trading limits for the second day in a row. Traders said the market continued to weigh the impact of a fire at a key […] Read more
U.S. grains: Corn futures extend losses after USDA harvest view
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures sank for the second day in row on Tuesday, dropping 4.1 per cent to a three-month low as the U.S. Agriculture Department’s unexpected boost to its U.S. production forecast continued to weigh heavily on the market, traders said. Soybean futures made up most of the […] Read more
U.S. livestock: Cattle limit down after Tyson beef plant burns
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures dropped their daily trading limits on Monday after a fire at a major beef plant threatened to limit demand for the animals for months, traders said. Live cattle prices settled at their lowest since July 3 while feeder cattle contract dropped to their lowest since June […] Read more
South central North Dakota wheat tour sees yields seen above average
Reading Time: 2 minutes North Dakota | Reuters – Wheat yield potential in south central North Dakota is trending above average, with the crop benefiting from ideal weather following a wet spring that delayed planting, scouts on annual tour found on Tuesday. “This is really good wheat for out here,” said Dave Green, executive vice president of the Wheat […] Read more