Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures surged for a second straight session on Wednesday, as investors kept snapping up deep discounts in futures prices, traders said. Lean hog future prices slipped, as concern continued to mount over a glut of domestic pork supplies and uncertainty on how quickly the U.S. sow herd is shrinking. […] Read more
U.S. livestock: Bargain-buying investors rally cattle futures, again
CME June lean hogs down on day
U.S. livestock: Futures surge as investors snap up discounts
June live cattle limit up off Monday's limit-down drop
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures surged on Tuesday — with live cattle futures up to their 4.5-cent expanded limit — as steep discounts in futures prices over the current cash markets wooed investors to buy back in, traders said. Feeder cattle also jumped to their normal trading day limits, as the sector overall […] Read more
U.S. livestock: Live cattle futures drop as pandemic roils markets
Technical buying lifts hogs, feeder cattle
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures plunged to their daily trading limit on Monday — with prices for the front-month contract hitting the lowest seen since December 2009 — as beef inventories remain robust with much of the U.S. restaurant industry shuttered due to the pandemic. April live cattle were down the 4.5-cent […] Read more
Trump’s ag department sets 30 per cent biofuel goal for 2050
Reading Time: 2 minutes Washington | Reuters — The U.S. Department of Agriculture on Thursday announced a goal for biofuels to make up 30 per cent of U.S. transportation fuels by 2050, a move that could bolster an industry that has been otherwise battered by the Trump administration. Refineries are currently required to blend 20.09 billion gallons of biofuel […] Read more
U.S. grains: Soybeans up as China pledges to fulfill purchases
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a sixth straight session on Monday on expectations that Beijing will meet the purchasing targets agreed in the Phase One trade deal with Washington, although concerns about the coronavirus outbreak in China capped gains. The most active soybean futures contract on the Chicago Board Of Trade […] Read more
U.S. livestock: Live cattle, hogs slip on concerns over export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed lower on Monday as optimism over export demand began to cool, and live cattle futures fell as pressure from slumping cash prices continued to weigh on the market, traders said. Benchmark April lean hog futures on the Chicago Mercantile Exchange (CME) settled down 1.175 cents at […] Read more
U.S. grains: Prices narrowly mixed as traders assess Mideast risk
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and grain futures were narrowly mixed on Wednesday as traders’ jitters eased after Iran and the United States signalled a de-escalation of tensions after an Iranian missile attack against U.S. forces in Iraq. Investors also continued to square positions ahead of a key U.S. Department of Agriculture (USDA) crop […] Read more
U.S. grains: Markets remain cautious, rangebound ahead of holiday
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures were mixed on Tuesday, slipping at one point from a six-week high hit in the previous session, as grain markets remained cautious and positive trade news with China weighed against disappointing export sales data, traders said. The market has high expectations of top-consumer China ramping up soy purchases […] Read more
U.S. livestock: Hog futures slip ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters – U.S. hog futures eased back on Monday, ahead of a quarterly government report that is expected to show a healthy boost to the size of the U.S. hog herd, traders said. The U.S. Department of Agriculture’s quarterly Hogs and Pigs report is expected to show the herd increased 2.9 percent in […] Read more
Grain flow shifts from China trade war may last years, CHS says
Reading Time: 2 minutes Chicago | Reuters — The U.S.-China trade war has accelerated Brazilian efforts to erode the United States’ share of the world soybean export market, and some of the shifts in global grain flows could last for years, according to executives at CHS Inc., the largest U.S. farmer co-operative. Even with a so-called ‘Phase One’ trade […] Read more
A message from April Stewart, Country Guide's Associate Editor
