Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday spiked to their highest since mid-April 2016, driven by improved wholesale beef demand that may underpin cash prices this week, said traders. They said profit-taking pulled back-month futures down from new contract highs achieved earlier in the session. April live cattle closed 0.35 cent/lb. […] Read more
U.S. livestock: Strong beef demand lifts live cattle to one-year high
U.S. livestock: Cattle firm on discount to cash trades
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to a roughly 1-1/2 year high on Thursday, boosted by gains in cash cattle prices that widened futures’ discount to the cash market, dealers said. Feedlots bought a small number of cattle in Nebraska at $128/cwt, up $2 from last week (all figures US$). […] Read more
U.S. livestock: Live cattle sink on technical selling
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday on profit-taking and technical selling, although losses were limited by firm wholesale beef prices and the discount of futures to cash prices, traders said. April live cattle closed down 0.425 cent/lb. to 115.55 cents, slipping below the contract’s 50-day moving average around […] Read more
Canola’s rally pushes cash prices higher
Reading Time: < 1 minute CNS Canada — Canola cash prices notched gains with recent news out of the U.S., but the market remains rangebound, and near-term support is likely to run dry. Canola cash prices were supported by a two-day rally in the futures, said Mike Jubinville of ProFarmer Canada, but crushers have widened out the basis for nearby […] Read more
U.S. livestock: Initial cash prices drop CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Wednesday, pressured by softer wholesale beef values and some preliminary cash prices that fell short of expectations, traders said. They said sell stops and fund liquidation compounded market losses. February live cattle closed 0.9 cent/lb. lower at 116.775 cents, and April 1.75 […] Read more
More downside than upside for Prairie flaxseed bids
Reading Time: 2 minutes CNS Canada — Flaxseed prices remain strong in Western Canada, but that strength is relative and there are more bearish than bullish factors in the background which should weigh on values over the next few months. Spot flaxseed bids can currently be found in the $13-plus per bushel area, while new-crop is in the $11 […] Read more
Prairie farmers reluctant to sell into canola cash market
Reading Time: 2 minutes CNS Canada –– Prairie farmers are reluctant to sell into canola cash markets, in turn supporting basis levels recently as buyers have to work to entice farmer selling. “I think farmers are patient; they are not selling this market when you see minor dips,” said Jerry Klassen, manager for Swiss-based GAP SA Grains and Products […] Read more
A message from April Stewart, Country Guide's Associate Editor
