Reading Time: 2 minutes Chicago | Reuters – Cattle futures on the Chicago Mercantile Exchange rose for a second session on Wednesday in technical trading, as wholesale beef prices firmed, traders said. The U.S. Department of Agriculture quoted the choice boxed beef cutout value at $366.18 per hundredweight (cwt) on Wednesday morning, up $1.42 from a day earlier. Select […] Read more
U.S. livestock: CME cattle futures climb on technical trading, rising wholesale prices
U.S. grains: Soybeans regain ground on slowed South American harvest
Reading Time: 2 minutes Chicago | Reuters – Chicago soybean futures bounced on Wednesday on a slow start to the South American harvest. Meanwhile, talks between U.S. and Chinese officials boosted export sentiment and shifted attention from a diplomatic dispute over Greenland, analysts said. Wheat and corn also rebounded from drops a day earlier, with mixed weather conditions in […] Read more
U.S. grains: Chicago soybeans dip in choppy trading as Greenland dispute and global supply weigh
Reading Time: 2 minutes Chicago | Reuters – Chicago corn and soybeans slipped in choppy trading on Tuesday as tensions between Washington and Europe over Greenland unsettled investors and ample global supply hung over grain markets. A drop in the dollar and signs of brisk international demand, however, lent some support to Chicago prices as trading resumed after a […] Read more
U.S. livestock: Cattle rally after screwworm scare
Reading Time: < 1 minute Chicago cattle made modest gains on Tuesday while lean hogs ended mixed to start a shortened trading week. Most-active April live cattle closed at 234.575 cents a pound, up 0.600 cents. February live cattle settled at 232.375 cents per pound, up 0.225 cents. Most-traded March feeder cattle contracts gained 1.225 cents to close at 357.675 […] Read more
U.S. livestock: Feeder contracts surge, hogs rise
Reading Time: < 1 minute Chicago feeder cattle contracts surged on Thursday. Live cattle and lean hogs also made healthy gains. Most-active April live cattle closed at 238.425 cents a pound, up 1.100 cents. February live cattle gained 0.900 cents to settle at 236.050 cents per pound. Most-active March feeder cattle futures gained 4.850 cents to close at 364.550 cents […] Read more
U.S. grains: Corn, soybeans recover from 3-month low on technical bounce
Reading Time: 2 minutes Chicago | Reuters – Chicago corn and soybean futures steadied on a technical bounce on Wednesday after sliding to their lowest since October this week, with traders weighing larger-than-anticipated U.S. supply forecasts, Chinese demand and crop prospects in South America. Wheat futures were little changed as the market also paused following losses triggered by U.S. […] Read more
U.S. livestock: Cattle futures retreat on profit taking
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures slid on Wednesday on a round of profit taking following multi-month highs set during the previous session, analysts said. Cattle futures had climbed the previous day on a tight cattle supply and strong packer demand. “We were fairly overbought in the short term, so you saw […] Read more
U.S. livestock: Cattle, hogs rally
Reading Time: < 1 minute Chicago Mercantile Exchange cattle and hog futures rallied on Tuesday. Most-active April live cattle gained 2.900 cents to close at 238.975 cents a pound. February live cattle settled at 237.250 cents a pound, up 2.000 cents. Most-traded March feeder cattle gained 5.950 cents to settle at 362.125 cents per pound. April feeders closed at 360.600 […] Read more
U.S. grains: Corn, soybeans hit lowest prices since October on big supplies
Reading Time: 2 minutes Chicago | Reuters – U.S. corn futures slid to a three-month low on Tuesday, extending declines from the prior day triggered by the U.S. Department of Agriculture’s outlook for massive supplies following a record-large U.S. harvest. Soybeans touched a two-and-a-half-month low after the USDA on Monday trimmed its U.S. export view and raised its harvest […] Read more
U.S. grains: Corn drops to 12-week low on report of massive stocks, record harvest
Reading Time: 2 minutes Chicago | Reuters – U.S. corn futures plunged on Monday after the U.S. Department of Agriculture reported that U.S. farmers and grain companies held the most corn in storage ever as of December 1, after growers harvested a record-breaking crop that was even bigger than previously expected. During the trading session, the most-active corn futures […] Read more
A message from April Stewart, Country Guide's Associate Editor
