Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures slid on Friday as rising interest rates and currency pressures weighed on U.S. exports and forecasts of warm, dry weather opened a window for Midwestern farmers to get their crop planted. Recent rainfall in South America could boost Brazil’s south-central corn crop, which on Friday was […] Read more
U.S. grains: Soybeans, corn slide on Midwest weather forecasts
Wheat tumbles after rally, poised for weekly gain
U.S. livestock: CME live cattle, hogs slip on demand concerns
Inflation on U.S. retail meat a worry
Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle and hog futures slumped on Friday, as investors worried about the prospect of food inflation weighing heavy on U.S. consumer meat demand as the summer grilling season gets underway, analysts said. Benchmark June lean hogs settled the day down 2.975 cents, to 104.1 cents/lb. (all figures US$). […] Read more
No poop for you: Manure supplies run short as fertilizer prices soar
Ontario honeywagon maker all sold out
Reading Time: 5 minutes Chicago | Reuters — For nearly two decades, Abe Sandquist has used every marketing tool he can think of to sell the back end of a cow. Poop, after all, needs to go somewhere. The Midwestern entrepreneur has worked hard to woo farmers on its benefits for their crops. Now, facing a global shortage of […] Read more
U.S. livestock: CME cattle rise on weaker feed values
Lean hog futures slip
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Friday as nearby grain futures slumped, even as the cash trade continued to be disappointing and investors kept a close eye on diplomatic efforts to end Russia’s invasion of Ukraine, traders said. CME cattle futures were also supported as retail demand for beef perked […] Read more
U.S. livestock: CME hogs, feeder cattle slide
Technical trading, higher grain values drag on futures
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs and feeder cattle futures fell on Thursday on a flurry of technical trading, as feed prices rebounded and investors scrambled to find stable footing amid continued volatility in commodity markets. Live cattle inched up, while cash cattle saw limited action in the southern Plains, with some […] Read more
U.S. grains: Wheat futures limit down as USDA cuts exports
Corn pressured by oil prices, soybeans pare gains
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures hit their daily trading limit on the downside for the second straight day on Wednesday, as the U.S. government cut domestic wheat exports and global markets continue to be roiled by supply disruptions stemming from Russia’s invasion of Ukraine. Soybean futures turned lower after the U.S. Department of […] Read more
U.S. livestock: CME feeder cattle firm, live cattle ease as grain markets roiled
Hog futures up on supply concerns
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures rose on Wednesday, and live cattle futures prices slipped for another session, as Russia’s invasion of Ukraine continued to send agricultural commodity markets into a tailspin, traders said. But a whipsaw in prices for grains used for livestock feed weighed on the day’s livestock complex, […] Read more
U.S. grains: Soybeans surge on weather concerns
CBOT wheat rises after slide
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures surged on Friday, reaching highs not seen since last summer, as the market anticipated drought losses in South America that could curb global export supplies. Wheat rose after a two-day slide, attracting bargain-buying and traders hunting for short-covering, as investors closely monitor a standoff between Russia and the […] Read more
U.S. livestock: CME cattle futures up with daily slaughter levels
Hogs up on technical buying, cash prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Friday as daily processing levels began to rebound, a sign that COVID-related staffing woes may be easing, traders said. Meatpackers have struggled with staffing shortages due to the surge in Omicron coronavirus infections, traders said, limiting production in recent weeks. Beef processors slaughtered an […] Read more
U.S. livestock: Live cattle futures drop on profit-taking; lean hogs fall
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Thursday on profit-taking after a previous session rally resulted in several contracts hitting new highs, traders said. CME February live cattle settled down 0.750 cent at 139.975 cents per pound. Feeder cattle futures, which were supported by a slump in Chicago corn futures, […] Read more
A message from April Stewart, Country Guide's Associate Editor
