Reading Time: 2 minutes Chicago | Reuters — U.S. front-month hog futures surged on Monday, extending last week’s advances on expectations of additional export sales to China, where African swine fever has decimated the world’s largest hog herd, traders said. “We had that huge sale of pork to China last week, and the market is anticipating more sales,” said […] Read more
U.S. livestock: Hog futures rise on pork export optimism
U.S. grains: Corn down on disappointing export data
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Monday, halting a four-session rebound from contract lows set last week, as traders worried about export prospects for U.S. grains, analysts said. Soybeans and wheat futures also declined. Chicago Board of Trade (CBOT) May corn settled down 1-3/4 cents at $3.71-1/2 per bushel (all figures US$). […] Read more
U.S. seizes pork from China on swine fever concerns
Reading Time: < 1 minute Washington | Reuters — U.S. border agents have seized around one million pounds of pork from China, a spokesman for the agency said on Friday, over suspicions that it might contain African swine flu disease which has hit Chinese pork output. Federal agents have seized the supplies over the past week in New York. “The […] Read more
U.S. livestock: Hogs limit up as swine fever cuts Chinese herd
Reading Time: < 1 minute Chicago | Reuters –– U.S. hog futures rallied to a five-month high on Friday, closing at their daily trading limit on improving export prospects due to a sharp reduction in China’s domestic supplies, traders said. China’s pig herd slid 16.6 per cent in February from the previous year, as African swine fever swept the country, […] Read more
Canada to boost airport detector dog corps
Reading Time: 2 minutes With African swine fever top of mind, the federal government plans to more than double the total number of detector dog teams at Canada’s airports within five years. Agriculture Minister Marie-Claude Bibeau, speaking in Montreal Thursday, announced new funding of up to $31 million over five years to add 24 Food, Plant, and Animal Detector […] Read more
U.S. livestock: Hog futures rally on improving export prospects
Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures jumped 3.5 per cent on Thursday, supported by signs that exports could pick up due to rising Chinese demand, traders said. China bought 23,846 tonnes of U.S. pork last week, its biggest purchase in nearly two years, U.S. Department of Agriculture data showed on Thursday. Chinese hog prices […] Read more
U.S. grains: CBOT wheat rallies on short-covering
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rallied on Thursday for the second time in three days, hitting their highest in more than a week as investors scrambled to unwind short positions, traders said. The short squeeze came as the winter wheat crop in the U.S. has been breaking dormancy. “I think […] Read more
U.S. livestock: Hog futures mixed after hitting three-month high
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures were mixed on Wednesday, with the front-month contract easing on profit-taking after rallying to a three-month high while deferred contracts rose on expectations of tight supplies, traders said. Live cattle contracts were firm following two straight days of declines with concerns about a massive U.S. storm system […] Read more
U.S. grains: Wheat falls on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures eased 1.2 per cent on Wednesday, setting back on a mild round of profit taking after prices posted their biggest rally since last summer on Tuesday. Corn and soybeans ended higher after weakening overnight and early in the day session as traders moved to cover short positions amid […] Read more
ICE weekly outlook: Trade among issues hurting market
Reading Time: < 1 minute MarketsFarm — ICE canola futures are in trouble for a number of reasons, according to Exceed Grain senior marketing analyst Wayne Palmer. “We’re in a lot of trouble unless Trump signs this deal with China,” he said. Reports have stated the U.S. and China will sign a trade agreement at the end of March. U.S. […] Read more
A message from April Stewart, Country Guide's Associate Editor
