Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed lower on Friday, following softening cash hog prices, traders said. CME February hog futures settled down 1.425 cents at 62.65 cents/lb., halting a three-session advance (all figures US$). Traders noted that hogs in the top cash market of Iowa and southern Minnesota traded […] Read more
U.S. livestock: CME hogs slip on weaker cash
U.S. livestock: Hogs, cattle rise as export hopes remain
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) hog and cattle futures closed mostly higher, supported by hopes for improved exports in the coming weeks, traders said. Technical buying also helped cattle futures, which were still trading close to contract highs hit earlier in the week. Traders also noted strength in the cash markets as […] Read more
U.S. livestock: Cattle ease after rally
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures rose 2.1 per cent to their highest in more than three weeks on Wednesday. Cattle futures were weaker, pressured by profit-taking after the front-month February live-cattle contract hit an all-time high on Tuesday. “There was no fundamental line item to go with it yesterday so […] Read more
U.S. livestock: Hogs rise on China hopes
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures were mostly higher on Tuesday, supported by prospects for improving export demand, traders said. The market was waiting for a pickup in deals from China due to the spread of African swine fever there. “That hope is still out there, but it’s elusive, and it’s up […] Read more
U.S. livestock: Cattle break losing streak on bargain buying
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose 1.2 per cent on Monday, rebounding from five straight sessions of declines on a round of bargain buying. Feeder cattle futures also closed higher after sinking to a one-month low during the session while lean hog futures eased. Cattle also received support from news […] Read more
Early winter weather puts U.S. safe-haven corn planting in doubt
Reading Time: 3 minutes Chicago | Reuters — Illinois farmer Brent Johnson had planned to bump up his corn acreage by 10 per cent in 2019 and plant fewer soybeans as a way to shelter himself from the lower soy prices caused by U.S. President Donald Trump’s tariff war with China. But some early winter storms caused him to […] Read more
U.S. livestock: February hogs down, cattle up ahead of USDA data
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures edged higher while hog futures eased slightly on Thursday as traders awaited the release of two key U.S. government reports. The U.S. Agriculture Department reports, released after the market closed, showed that the U.S. hog herd was slightly lower than analysts were expecting, at 102 per […] Read more
USDA keeps domestic soy stocks view steady
Reading Time: 2 minutes Chicago | Reuters — The U.S. Agriculture Department on Tuesday left its estimate for domestic soybean supplies unchanged but boosted its outlook for world stocks amid rising expectations for the South American crop. U.S. soybean ending stocks for the 2018-19 marketing year were pegged at 955 million bushels, the government said in its monthly supply […] Read more
U.S. grains: Bargain buying boosts soy futures
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Tuesday, bouncing back from a sharp decline in a round of bargain buying after prices sank in the previous session to their lowest since Nov. 8, traders said. Wheat futures were mixed with short-covering boosting the most-active soft red winter wheat contracts after prices traded near […] Read more
U.S. grains: Soy drops as trade concerns rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 2.1 per cent on Monday, hitting their lowest since Nov. 8, as a lack of consensus at a meeting of Asia-Pacific leaders cooled hopes of Washington and Beijing resolving a trade dispute that has disrupted U.S. soybean exports to China. Wheat prices also fell sharply, shedding 1.7 […] Read more