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CME July 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs down 10 per cent on week

Feeder cattle down on corn rally

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures dropped to contract lows again on Friday, as poor demand for U.S. pork continued to depress prices. The losses heap more pain on producers who have struggled with weak prices for pigs and high costs for expenses such as feed and labour. “Producers are losing their […] Read more
CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs sink to contract lows

Cattle futures up with beef sales, tight supplies

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled to contract lows on Thursday, as excess supplies and sluggish demand for U.S. pork fueled losses for a fifth consecutive session. Weak prices for pigs and high production costs continue to make it unprofitable to raise hogs, leading some analysts to project that producers will […] Read more
CBOT July 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Weak export demand, rising U.S. dollar pressure soy, corn

Markets consolidate before U.S. holiday weekend

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and grain futures eased on Thursday as a strong U.S. dollar added to concerns about lacklustre export demand, traders said. The dollar rose for a fourth straight session to a two-month high, making U.S. commodities look less attractive to importers. Favourable weather for planting of U.S. […] Read more
CBOT July 2023 soft red winter wheat with Bollinger bands (20,2), MGEX July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Profit-taking pressures wheat futures

CBOT corn firm, soy mixed

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Wednesday on a round of profit-taking as traders said the market lacked fundamental inputs to drive prices higher a day after a rally driven by renewed concerns over a Black Sea deal. Corn futures were firm for the second day in a row, with old-crop contracts […] Read more
CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures weak on bearish supplies

Chicago cattle futures firm

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the fourth day in a row on Wednesday, with a large supply base pressuring the market. Cattle contracts were firm, rising on a round of technical buying. After the close, the U.S. Agriculture Department said frozen U.S. beef stocks as of April 30 stood […] Read more
CBOT July 2023 soft red winter wheat with 20-day moving average, MGEX July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat up off two-year low, pulls corn higher

Soybeans down on profit-taking

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Reading Time: < 1 minute Chicago | Reuters — U.S. wheat futures rose 2.6 per cent on Tuesday, bouncing from their lowest in more than two years, on concerns that Ukraine’s exports were being restricted despite the extension of the Black Sea export deal, traders said. The gains in wheat lent support to corn futures, while soybeans retreated on profit-taking […] Read more
CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures fall on technical selling

Cattle trade sees pressure from rising corn futures

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Tuesday on technical selling as the market moved closer to values in the cash market, traders said. Cattle contracts also were lower, with traders noting pressure from strength in corn futures. Recent declines in both cattle and hogs have done little to spur a […] Read more
CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy futures rally

Wheat up off lowest level since March 2021

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rallied on Monday and wheat futures firmed as a round of bargain buying supported commodities prices after a bearish global supply picture pushed prices sharply lower this month. The benchmark Chicago Board of Trade wheat contract dropped below $6 a bushel for the first time in […] Read more
CME July 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures drop to contract lows on demand woes

CME cattle futures also lower

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures sank to contract lows on Monday, with the market under pressure from plentiful supplies and weak demand for pork at grocery stores and on the export market. “The story remains one of a slow-to-move product market,” brokerage StoneX said in a note to clients. Cattle futures […] Read more
CBOT July 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago futures roil as U.S. debt ceiling talks halt

Wheat turns down, after technical bounce early in session

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures slid sharply on technical trading on Friday, as investors rushed to liquidate their positions ahead of the weekend, traders said. The most-active soybean contract fell to the lowest prices seen since July — and several new-crop soybean contracts also plunged to new contract lows […] Read more

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