Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures sagged on profit-taking on Tuesday after a recent run-up to contract highs, traders said. Live cattle futures also slumped at the Chicago Mercantile Exchange. The most actively traded June hogs contract has pulled back about 7.5 per cent after setting a contract high on April 5 on expectations […] Read more
U.S. livestock: CME lean hog futures fall on profit-taking
U.S. grains: Soybeans turn higher after dropping to five-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures turned higher on Thursday after dropping to a five-month low on concerns about weak export demand and large harvests in South America. Corn futures ended near unchanged, while wheat futures touched a one-month low on a broadly favourable harvest outlook in the Northern Hemisphere. Positioning ahead of a […] Read more
U.S. livestock: Deferred hog futures set contract highs for fourth day
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back. Deferred feeder cattle futures also set contract highs. An outbreak of African swine fever in China fueled the temporary advances in deferred hog […] Read more
U.S. grains: Wheat futures edge higher in turnaround from losses
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday in a rebound from falls to one-month lows a day earlier on the Chicago Board of Trade and contract lows in Kansas City and Minneapolis markets. Soybean futures set a five-month low, while corn futures also eased. Tuesday’s wheat price drop attracted bargain buying and […] Read more
U.S. livestock: Deferred CME hog futures set contract highs
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures rallied to new contract highs in deferred months on Wednesday on projections that China will accelerate pork imports in the last half of the year, following an outbreak of an incurable swine disease. China is expected to import more pork to fill a hole in protein supplies left […] Read more
U.S. grains: Wheat futures tumble on increasing global supply estimates
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures slumped on Tuesday with strong crop ratings and increased forecasts for global harvests pushing Chicago Board of Trade wheat to a one-month low. Wheat prices came under pressure after the U.S. Department of Agriculture, in a weekly report issued late on Monday, rated 60 per cent […] Read more
U.S. livestock: Deferred CME hogs extend gains on China virus outbreak
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures closed mixed on Tuesday as front-month contracts stumbled in a setback from recent gains, while deferred contracts rose on expectations for increased demand from China due to an outbreak of a fatal hog disease. Gains in the market have been fueled by worries about an epidemic of African […] Read more
China eyes U.S. poultry, pork imports in trade talks
Reading Time: 4 minutes Reuters — China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork to meet a growing supply deficit, but it is not willing to allow a prohibited growth drug used in roughly half the U.S. hog herd, two sources with knowledge of the negotiations said. […] Read more
U.S. livestock: CME hogs push higher as herds in China suffer from virus
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures closed mostly higher on Monday on increasing expectations that China will need to import more pork to compensate for hogs killed in an outbreak of an incurable swine disease. The front-month contract, which is thinly traded, set its highest price in about 21 months as the market rose […] Read more
ADM says to seek early retirements, may cut jobs
Reading Time: 2 minutes Chicago | Reuters — U.S. grain trader Archer Daniels Midland said on Wednesday it will seek voluntary early retirements by some North American employees and may eliminate individual jobs as part of a restructuring of specific areas. The actions are needed to strengthen ADM’s core business and establish the company as a global leader in […] Read more