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P.J. Huffstutter


Stories by P.J. Huffstutter

(Photo courtesy Canada Beef Inc.)
Markets, Reuters

U.S. livestock: Cattle futures lower, hogs mixed on technical trading

Traders expect this week's prices in cash market to be higher than last week

By P.J. Huffstutter, Reuters February 7, 2024
Reading Time: < 1 minute Chicago Mercantile Exchange cattle futures turned lower on profit-taking on Wednesday, even as rising wholesale beef prices and a firming cash market continued to offer support to the market, traders said.

CBOT soybeans ZSH24 on Feb. 5. (Barchart)
Markets, Reuters

U.S. grains: Soybeans move higher on technical trading ahead of government reports

Strong dollar weighed heavy on wheat; corn pressured by sluggish exports

By P.J. Huffstutter, Reuters February 5, 2024
Reading Time: < 1 minute Chicago Board of Trade soybeans futures on Monday rose on technical trading ahead of a slew of key government crop reports, after the most-active contract Sv1 touched the lowest price since December of 2020, traders said.


U.S. livestock: CME cattle futures turn lower on profit-taking
Markets, Reuters

U.S. livestock: CME cattle futures turn lower on profit-taking

Lean hogs also turn lower after recent rally faced fundamental resistance

By P.J. Huffstutter, Reuters February 5, 2024
Reading Time: < 1 minute Chicago Mercantile Exchange cattle futures ended the day lower on Monday, as market participants sought to take profits after live cattle futures hit a nearly three-month high in the previous session, traders said.

CBOT Soybeans ZSH24 on Jan. 16 with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Soybean futures firm as traders wrestle with Brazilian output forecasts

Conflicting South American soy crop forecasts roil trade; market processing USDA crop production report

By P.J. Huffstutter, Reuters January 16, 2024
Reading Time: < 1 minute Chicago Board of Trade soybean futures ended higher on Tuesday on a technical bounce, amid a day of volatile trading and a flurry of news with conflicting pricing guidance, traders said.


Corn ZCH24 on Jan. 12 with 20-day moving average. (Barchart)
Markets, Reuters

U.S. grains: Corn plunges on robust supplies, sluggish US demand

Soybeans fell to lowest price in 26 months on larger Brazilian crops, U.S. yield

By P.J. Huffstutter, Reuters January 12, 2024
Reading Time: 2 minutes Chicago corn futures plunged to a three-year low on Friday after the U.S. Department of Agriculture reported that U.S. corn stocks swelled to their highest levels since 2018

Live cattle LEG24 on Jan. 12, with 20-day moving average. (Barchart)
Markets, Reuters

U.S. livestock: live cattle, lean hogs fall amid weather, demand woes

Feeder cattle firmed amid dropping corn futures

By P.J. Huffstutter, Reuters January 12, 2024
Reading Time: < 1 minute Chicago Mercantile Exchange lean hog and live cattle futures were mostly down on Friday as concerns about winter weather and sluggish export demand had some investors shedding their positions.


The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets, Reuters

U.S. grains: Soybeans fall on demand concerns, Brazilian crop outlook

Corn, wheat futures were steady to up

By P.J. Huffstutter, Reuters January 10, 2024
Reading Time: 2 minutes Chicago soybean futures fell on Wednesday, shedding gains from the previous session, amid growing market concerns about export demand and improving weather for Brazil's oilseed crop.

Lean hogs LEG24 as of Dec. 29. (Barchart)
Markets, Reuters

U.S. livestock: CME cattle, lean hog futures mixed to lower

China's beef purchases supports live cattle

By P.J. Huffstutter, Reuters December 29, 2023
Reading Time: < 1 minute Chicago Mercantile Exchange (CME) livestock futures were mostly mixed to lower on Friday, on limited technical trading and less-than-robust beef export news ahead of the New Year's holiday.


CME live cattle futures LEG24 on Dec. 28 with moving averages for 20, 50 and 100 days. (Barchart)
Markets, Reuters

U.S. livestock: CME cattle, lean hog futures weighed by demand questions

Plains blizzards and cold winter weather stressed animals and impacted weight gain

By P.J. Huffstutter, Reuters December 28, 2023
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) livestock futures mostly ended lower on Thursday, as a sluggish cash market weighed on nearly all cattle markets and hog traders continued to wrestle with concerns about demand for hefty pork supplies, analysts said.

Photo: File
Markets, Reuters

U.S. livestock: CME lean hog, cattle future contracts mixed

Live cattle futures eased on profit-taking and weaker-than-expected cash trades

By P.J. Huffstutter, Reuters December 28, 2023
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) feeder cattle futures firmed on Wednesday, seeing a boost from weakness in the grain market and as the trade tried to spur ranchers to rebuild their herds, analysts said.


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