Reading Time: 3 minutes U.S. live cattle futures closed higher on Monday following Friday’s U.S. Department of Agriculture’s (USDA) cattle-on-feed report that showed cattle placed in feedlots in September at a 16-year low, analysts and traders said. Feeder cattle futures were lower on waning demand for young cattle due to the lack of profit in the feeding business and […] Read more
U.S. live cattle up as placements tumble
U.S. soybeans fall, wheat pares gains on macro worries
Reading Time: 3 minutes U.S. soybean futures fell 0.7 per cent on Friday, halting a three-day rally, while wheat and corn pared early gains as fears about the health of the global economy prompted investors to exit riskier assets. General Electric and McDonald’s earnings disappointed and a perceived lack of progress on a Spanish bailout request reminded investors of […] Read more
U.S. soy jumps as U.S. harvest winds down
Reading Time: 3 minutes U.S. soybean futures soared two per cent on Thursday to post their biggest one-day advance in a month, notching gains for the third day in a row on strong cash basis markets, slow farmer selling and waning harvest of the country’s 2012 crop. Soybeans have gained more than one per cent for the week and […] Read more
U.S. soy gains as dollar stays under pressure
Reading Time: 3 minutes U.S. soybean futures reversed three days of declines on Wednesday gaining over one per cent on technical buying and bargain hunting as the dollar weakened. "The dollar stayed under pressure all day and I think that brought in some bottom-picking or bargain buying," said Sterling Smith, futures strategist for Citigroup. "There was late technical buying, […] Read more
U.S. soy firm on weak dollar, signs of China buying
Reading Time: 3 minutes U.S. soybean futures held firm Tuesday on bargain buying from 3-1/2-month lows the previous session, aided by a weak dollar and signs of Chinese purchases at cheaper prices. Gains were pared and the market ended well below the session highs on a lack of fresh buying interest in choppy dealings in a session marked by […] Read more
China buys at least 295K tonnes of Canadian spring wheat
Reading Time: 2 minutes China has purchased 295,000 tonnes of Canadian spring wheat over the past two weeks, Canadian industry sources with direct knowledge of the sales said, signaling China’s biggest appetite for the high-protein wheat in years. Some of the cargoes are expected to be delivered in November and others in January and later in Canada’s current 2012-13 […] Read more
U.S. soy breaks below $15 mark
Reading Time: 3 minutes U.S. soybean futures fell nearly two percent to a three-and-a-half-month low on Monday, breaking key technical support at the US$15 per bushel mark in a sell-off on anticipation of a bumper crop in South America and improving harvest yields in the United States. Soybeans are down 17 per cent, or $3, from the record high […] Read more
U.S. cattle, hogs gain on robust cash
Reading Time: 3 minutes U.S. cattle and hog futures rose on Tuesday on firm live and wholesale cash markets, while feeder cattle climbed on waning costs to feed livestock and on improved cattle grazing prospects in the southern U.S. Great Plains, analysts and traders said. Gains in each were once again slowed by cautious buying tied to ongoing concerns […] Read more
U.S. cattle up as beef firms
Reading Time: 3 minutes U.S. cattle futures were higher on Monday as beef markets firmed and on signs the number of cattle offered to packers were waning while firm pork markets lifted hog futures, analysts and traders said. Feeder cattle futures gained on short-covering from Friday’s limit plunge after corn futures soared their limit in a bullish reaction to […] Read more
Soaring corn drives U.S. feeder cattle down limit
Reading Time: 3 minutes U.S. feeder cattle futures fell their daily three-cent-per-pound daily trading limit on Friday as corn soared by its 40-cent-per-bushel limit, traders and analysts said. Live cattle fell on weak cash cattle and beef markets and on hog/cattle spreading. Hog futures gained on the spread activity as traders bought hogs while selling cattle due to the […] Read more
A message from April Stewart, Country Guide's Associate Editor
