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Author Archives P.J. Huffstutter

Rep. Collin Peterson, chairman of the House agriculture committee, speaks to reporters at the Reuters Financial Regulation Summit in Washington on April 27, 2009. (File photo: Reuters/Mike Theiler)
General, Reuters

U.S. House ag leader loses election, unsettling Midwest farm sector

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Reading Time: 2 minutes Chicago | Reuters — Democratic U.S. Rep. Collin Peterson, chair for the House of Representatives’ agriculture committee, failed to win re-election in Minnesota on Tuesday, a loss some agriculture leaders said could hurt the U.S. Midwest grain belt. Though Democrats retained control of the House and therefore will again chair the committee, Peterson’s exit could […] Read more
CME October 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs up on another swine fever case in Germany

Cash cattle values firming

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Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures rose on Thursday as Germany confirmed one more case of African swine fever in a wild boar, fueling market hopes that China will boost U.S. pork imports. The new case follows six others confirmed in wild boars, not farm animals, in the past week. While no farm animals […] Read more
CME December 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures fall as China’s hog herd rebounds

CME December live cattle rise

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Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures fell on Wednesday, as the futures market continues to cool in the wake of last week’s rally and on news that the size of China’s hog herd is quickly growing. Hog futures soared last week after Germany reported its first case of African swine fever (ASF) and China […] Read more
CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures mixed on pork export questions, cattle supplies

U.S. beef packer margins down on week

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Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures had a mixed performance on Tuesday, as the supply of cattle being offered for sale continued to shrink and traders wrestled with uncertainty over pork export demand. An additional five cases of African swine fever (ASF) were initially found in dead wild boars in Germany. Initial tests were […] Read more
CME December 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs fall, cattle up on technical trading, profit-taking

Hogs 'stretched out technically last week'

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures slid on Monday on technical selling and profit-taking, as the trade began to question whether Chinese demand for U.S. pork will boom after rival supplier Germany confirmed a single case of African swine fever in a wild boar. U.S. pork packer margins eased but still were solid, […] Read more
Subject: Storage grain bin silos in a field of matured corn crop in harvest time.
Crops, Reuters, Weather

Minnesota fields thrive, Iowa storm damage continues on crop tour

By ,
Reading Time: 2 minutes Chicago | Reuters — Scouts on an annual U.S. Midwest crop tour continued to see fields battered by an Aug. 10 derecho storm in central Iowa on Thursday, with corn stalks snapped and ears littering the ground due to the hurricane-like winds. In Iowa, crop prospects swung wildly from field to field, according to scouts […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle rise on higher beef prices, grilling demand

CME October hogs also settle higher

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to advance Friday, supported by increasing beef prices and expectations of continued meat demand going into the Labour Day weekend, traders said. Beef prices usually rise heading into the September holiday, when consumers often barbecue either at home or with family and friends. Beef […] Read more
CBOT December 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn eases on profit-taking

Traders question USDA numbers, raising uncertainty

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn inched slightly lower on Friday, as traders questioned federal acreage data and assessed the extent of storm damage in the U.S. Midwest. Prices slipped early in the day, after a rally in the previous session pushed corn futures to a four-week high. Soybeans also fell after jumping to a […] Read more
CME October 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle gain as slaughter rates, beef exports rise

October lean hogs up three-quarters of a cent

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to rally Thursday, holding to a nearly six-month peak in prices, as exports to China also grew, traders said. China was a big buyer of U.S. beef in the latest week, with sales of 1,927 tonnes for the period through Aug. 6, the most […] Read more

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