Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures fell sharply on Thursday, amid fund liquidation, growing concern over consumer demand and signs of prices falling in the cash market. Traders and funds scrambled to shed some of their long positions, after betting the bull market in cattle futures would continue well into the […] Read more
U.S. livestock: Cattle sell-off sends nearby contracts plunging
CME hogs mixed in choppy trade
U.S. livestock: Cattle futures rally late in session on technical buying
Hogs down on technical selling
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures saw a choppy day of trading on Wednesday, before rallying later in the session on short-covering and technical buying, traders said. December live cattle futures dipped below its 200-day moving average of $177.50 before bouncing up (all figures US$). January 2024 feeder cattle futures also […] Read more
U.S. livestock: CME cattle futures mixed as packer margins stay in red
December lean hogs up off Tuesday's contract low; deferred months lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures were mixed on Wednesday, as beef packer margins stayed in the red and cash cattle prices were expected to be steady to higher, traders said. Hog futures were also mixed on the day. February and May lean hog futures dipped to new contract lows on sluggish […] Read more
U.S. grains: Wheat firms on bargain buying, corn follows suit
Soybeans hit three-week high
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rose for the first time in three sessions on bargain buying on Wednesday, with corn futures following, traders said. Wheat futures also gained a mid-session boost on rekindled market speculation that India, a leading wheat producer, may be tight on supplies. India raised the price at which it […] Read more
U.S. grains: Soybeans hold firm with harvest, domestic demand in focus
Corn eases as harvest watched, wheat retreats from two-week high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures firmed for a second straight session on Tuesday amid thin technical trading, as strong domestic demand eased concerns about supplies growing as the U.S. harvest continued. Corn inched down while traders monitored the U.S. harvest progress, as investors watched Israel’s war with Palestinian militant group […] Read more
U.S. livestock: CME cattle futures rise on supply concerns
Chicago lean hogs slump
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid ongoing concern over animal weights shrinking and a steady stream of heifers being sent to slaughter, traders said. Rising cash cattle prices also gave the beef market a boost on the day, traders said. The U.S. Department of Agriculture said meat processors […] Read more
U.S. livestock: CME cattle futures end mixed after hitting new highs
CME lean hogs mostly higher
Reading Time: 2 minutes Chicago | Reuters — Most of the Chicago Mercantile Exchange feeder and live cattle futures hit new contract highs again on Tuesday, as tight U.S. supplies and forecast of a strong cash market added fuel to a bull rally, traders said. But by the end of the session, both live and feeder cattle futures were […] Read more
U.S. grains: Corn choppy, wheat hits new contract low
Market eyes USDA's monthly supply-demand report for price direction
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures were choppy and wheat futures slid to the lowest level since May on Monday as traders scrambled to adjust their positions ahead of a key government crop report. Corn futures firmed late in the session on short-covering, and as market players debated how big the cuts to the […] Read more
U.S. livestock: CME feeder cattle, deferred live cattle hit new highs
October lean hogs also close higher
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures and deferred live cattle futures hit new contract highs on Monday, as tight U.S. supplies going into next year continued to fuel the bull market, traders said. Even Chicago Mercantile Exchange’s October and December live cattle futures surged within $1 of their contract highs, fueled by optimism […] Read more
U.S. grains: Soybean, grains futures drop as traders shed risk
Corn, soy harvests set to be smaller than expected
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and grain futures turned lower on Friday as improving growing weather led investors to anticipate that U.S. Midwest crop conditions will improve, traders said. Corn and soybean futures had a particularly choppy trading session as a flurry of bearish signs prompted investors to shed risks at the end of […] Read more
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