Reading Time: 2 minutes Chicago | Reuters — Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about three per cent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline […] Read more
U.S. cattle placements spike in August
U.S. livestock: CME October hogs fall to contract low
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange October lean hog futures fell sharply to a contract low on Thursday, weighed down by a months-long decline in cash prices and abundant supplies, traders said. Deferred hog futures contracts as well as most live cattle and feeder cattle contracts also eased on technical selling and profit-taking. Traders […] Read more
U.S. livestock: Live cattle surge on cash optimism, technical buying
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures notched their biggest gains in 11 months on Wednesday, boosted by optimism for higher cash cattle prices and technical buying, traders and analysts said. Higher cattle sales at a weekly online auction helped to trigger the rally. Feeder cattle and lean hog futures also were […] Read more
U.S. livestock: Feeder cattle hit two-month high
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures gained on technical buying on Tuesday, with feeder cattle rising to a two-month high and lean hogs climbing by as much as 2.6 per cent, traders said. Fresh news remained scant, but traders were more optimistic about higher cash prices for both cattle and hogs. Declining prices for […] Read more
U.S. livestock: Hog futures ease on big supplies, spreading
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly lower on Monday, pressured by bear-spreading and big U.S. supplies that continued to weigh on cash markets, traders said. The front-month October hogs contract notched the biggest declines, easing 0.975 cent, or about 1.7 per cent, to settle at 60 cents/lb. (all figures […] Read more
U.S. livestock: Hog futures surge on technical bounce
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged more than three per cent on Friday while live cattle gained about one per cent, lifted by chart-based and investment fund buying, traders and analysts said. Hog futures had tumbled to a roughly 11-month low on Wednesday, before stabilizing on Thursday and then rising […] Read more
U.S. livestock: Hog futures fall to 11-month low
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures tumbled to an 11-month low in a bear-spreading selloff linked to big U.S. hog supplies and declines in cash markets, traders said. Live cattle futures also eased on spreading and worries beef packers might be hesitant to pay higher prices for cattle when supplies were […] Read more
U.S. livestock: Cattle, hogs narrowly mixed on pre-USDA consolidation
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures were flat to narrowly mixed on Monday as investors consolidated positions ahead of a government livestock and crop report due on Tuesday, traders and analysts said. Some live cattle contracts eked out small gains following modestly higher sales in U.S. Plains cash […] Read more
U.S. grains: Corn hits contract low ahead of big harvest
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell to contract lows for the fifth straight session on Tuesday on technical selling linked to the approaching harvest of a bumper U.S. crop, traders and analysts said. CBOT wheat futures also notched life-of-contract lows before reversing slightly higher on bargain buying while soy prices […] Read more
U.S. grains: Wheat, corn drop to contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures dropped to life-of-contract lows on Monday, weighed down by technical selling and abundant global supplies, traders and analysts said. Chicago Board of Trade September wheat futures fell about 2.4 per cent, settling down 9-1/2 cents at $4, in a bear-spreading decline as some investors dumped spot […] Read more
A message from April Stewart, Country Guide's Associate Editor
