Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures dipped on Tuesday, as questions continued to grow about whether pork export demand from China will surge and eat through massive domestic stockpiles, traders said. Meanwhile, cattle futures rose as the cash market showed hints of increased demand from packers hungry to supply grocery stores and restaurants […] Read more
U.S. livestock: Hogs down, cattle up on demand issues
Cash cattle values hint at increased demand
U.S. grains: Soybeans fall on crop development
Wheat lifts on short-covering
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slid on Monday on reports of healthy crop development across much of the U.S. Midwest, as concerns about a potential bumper crop cooled market enthusiasm over recent strong Chinese demand. Private exporters reported the sale of 390,000 tonnes of soybeans to China for delivery in the 2020-21 marketing […] Read more
U.S. livestock: Futures up as meat production grows
Live cattle up off last week's lows
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose on Monday, after plunging to their lowest price in more than a month last week, amid signs of meat production increasing — even as cash market prices continue to strain livestock producers’ profits. Chicago Mercantile Exchange August live cattle rose 0.675 cents, to 96 cents (all […] Read more
USDA limits review requirements of some biotech farm products
Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture announced on Thursday a rule that will simplify or waive agency reviews of certain biotech farm products, including plants and seeds that have been genetically modified or engineered. As a result, some products could be sold to farmers without a USDA review — a move that […] Read more
More Mexican beef headed to U.S. dinner tables as supply crunch bites
"I think we're going to leap past Canada this year"
Reading Time: 3 minutes Mexico City/Chicago | Reuters — More Mexican steaks and other beef cuts are headed north of the border after the coronavirus outbreak has hobbled U.S. meat processing plants, potentially offsetting fears of shortages affecting businesses from fast-food chains to grocery stores but angering U.S. ranchers. The Mexican industry chalks up the export growth to new […] Read more
U.S. livestock: Futures surge on technical buying as plants reopen
CME cattle futures close limit up
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures rose on Wednesday amid a flurry of technical buying — with some live and feeder cattle futures surging to daily trading limits — as investors said they were keeping a close eye on signs of packing plants reopening in the wake of coronavirus infections among workers. […] Read more
U.S. livestock: Cattle, hog futures inch up as plants reopen
Rising wholesale prices support futures
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog and live cattle futures closed higher on Monday, as meat processing facilities began to open after closures of more than 20 plants due to coronavirus illnesses among workers. Rising pork and beef cutout prices have also helped give futures a boost on Monday, said Mark Schultz, chief analyst […] Read more
Piglets aborted, chickens gassed as pandemic slams meat sector
"We have to have less hogs somehow"
Reading Time: 5 minutes Chicago | Reuters — With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant […] Read more
U.S. announces coronavirus aid for farmers, food buys for poor
Direct payments, mass purchases planned
Reading Time: 2 minutes Chicago | Reuters — President Donald Trump on Friday announced a $19 billion relief program to help U.S. farmers cope with the impact of the coronavirus, including $16 billion in direct payments to producers and mass purchases of meat, dairy, vegetables and other products (all figures US$). The U.S. Agriculture Department is partnering with regional […] Read more
U.S. livestock: Futures slide as COVID-19 worries roil market
Concerns over meat processing pace drag on cattle, hogs
Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures slumped again on Thursday, volatility roiling the market as it faced resistance over surging stocks and growing concerns that meat packers will close plants in the COVID-19 coronavirus pandemic. Lean hog future prices slipped for a second session on concerns about the domestic glut of hog supplies and […] Read more
A message from April Stewart, Country Guide's Associate Editor
