Reading Time: 2 minutes Chicago | Reuters — Front-month live cattle futures fell to a nine-year low on the Chicago Mercantile Exchange on Monday under pressure from weak cash prices and large supplies. Cash cattle are expected to trade around $98/cwt this week in Texas and Kansas, down from $100 last week and $103 two weeks ago, according to […] Read more
U.S. livestock: Live cattle set nine-year low on weak cash prices, big supply
U.S. livestock: Cattle slide as traders eye weak cash prices
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures fell on Friday on weakness in the cash market, while hog futures ended mixed. Cattle futures and cash prices have tumbled since a fire at a Tyson Foods slaughterhouse at Holcomb, Kansas, this month removed a key buyer from the market. Some farmers have tried to delay cattle […] Read more
U.S. grains: Spring wheat sinks to 10-year low on burdensome supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures tumbled to a 10-year low on Friday under pressure from massive supplies, cutting prices for makers of artisanal breads, bagels and pizza crust. The decline hurts farmers across North Dakota, South Dakota and Minnesota who are in the process of harvesting a large crop for the second […] Read more
U.S. grains: Corn, soy set one-week highs on weather concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures touched one-week highs on Thursday as traders worried about the risk of frost damage to this year’s late planted U.S. crops, analysts said. Traders were also covering short positions after recent declines and ahead of the three-day Labour Day weekend. They remain nervous about the potential […] Read more
U.S. livestock: Hogs top one-week highs on China trade hopes
Reading Time: 2 minutes Chicago | Reuters — U.S lean hog futures shot to their highest prices in more than a week on Thursday on hopes for progress in trade negotiations with China. China’s commerce ministry said both sides are discussing the next round of talks scheduled in September, but progress would be determined by whether Washington could create […] Read more
U.S. grains: Corn, soy rise from multi-month lows
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures pushed higher on Wednesday because of uncertainty about the size of the autumn harvests and concerns that prices had dropped too low. The gains came after the most actively traded corn contract earlier in the session dropped to its lowest price in more than three months […] Read more
USDA to probe beef market after Tyson plant fire
Reading Time: 2 minutes Chicago | Reuters — U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods slaughterhouse in Holcomb, Kansas, shut the plant. Cattle prices have tanked because the fire temporarily eliminated a key buyer of livestock. Producers have worried that meat […] Read more
U.S. livestock: CME cattle down as USDA launches beef market probe
Reading Time: 2 minutes Chicago | Reuters — U.S live cattle futures fell on Wednesday on large domestic supplies, analysts said, as the U.S. Department of Agriculture launched an investigation into the wide gap with beef prices. Cattle prices have weakened recently after a fire at a Tyson Foods slaughterhouse in Kansas temporarily eliminated a key buyer of livestock. […] Read more
U.S. grains: Soy slumps on improved crop rating
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures retreated on Tuesday on improving crop prospects and a lack of progress in trade talks with China, the world’s top importer of the oilseed, traders said. Prices took a hit after soybeans climbed on Monday on short covering and hopes for easing tensions in the trade war between […] Read more
U.S. livestock: CME hogs, cattle drop on large supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures crumbled under the weight of large supplies and a lack of news about trade talks with China on Tuesday, while cattle futures also weakened. The declines were a turnaround from Monday, when hog futures climbed on hopes for easing tensions in the trade war between Washington and […] Read more