Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures inched lower on positioning on Tuesday as thin volumes led to a sideways, choppy trade. Hog futures rose as traders covered short positions ahead of the U.S. Department of Agriculture’s quarterly Hogs and Pigs report, which they had expected to show a 0.9 […] Read more
U.S. livestock: CME cattle futures lower after sideways trade
U.S. grains: Wheat ends higher on short covering though ample supply weighs
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures inched higher on Tuesday on positioning ahead of the holidays, though a massive global supply of wheat kept a lid on prices. Soybeans and corn spent the day chopping up and down, but gained some support from an end-of-year rally, which is typical as traders […] Read more
U.S. livestock: Hogs rise ahead of ‘Hogs and Pigs’ report
Reading Time: < 1 minute Chicago cattle futures continued to inch upward on Monday. Hogs also rose in anticipation of Tuesday’s Hogs and Pigs report. Most-active February live cattle futures closed at 231.425 cents a pound, up 0.625 cents. April live cattle settled at 231.075 cents a pound, up 1.075 cents. Most-active March feeder cattle closed at 340.500 cents a […] Read more
U.S. grains: Wheat leads grains higher with Russian strikes in focus
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled concerns about war risks to Black Sea grain trade, encouraging investors to cover short positions after an eight-week low last week. Soybeans were also higher, breaking a run of six falling sessions, as the oilseed […] Read more
U.S. livestock: ‘Cattle on feed’ report supports prices
Reading Time: < 1 minute Chicago cattle futures rose as the USDA’s ‘Cattle on Feed’ report showed inventories two per cent down from a year ago. Most-active April live cattle futures gained 1.850 cents to close at 230.000 cents a pound. June contracts settled at 223.825 cents per pound, up 1.725 cents. Most-active March feeder cattle futures gained 4.800 cents […] Read more
U.S. grains: Wheat trades near contract lows under ample global supply
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat futures ended higher on Friday, but hit their biggest weekly drop since June as abundant and cheap global supply kept prices near an eight-week low. Soybean futures declined for a sixth day, reaching their lowest price since October 24, as speculators continued to unwind long positions due to ample […] Read more
U.S. livestock: Cattle futures lower on falling beef prices, selling
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures tipped lower on Thursday as falling wholesale boxed beef prices and long liquidation pressured the market, analysts said. A decline in boxed beef prices has made meatpackers, whose margins continue to remain in the red, less willing to pay up for cattle. “The […] Read more
U.S. livestock: Hogs, cattle fall
Reading Time: < 1 minute Chicago Mercantile Exchange livestock futures fell across the board on Wednesday. Most-active February live cattle futures closed at 229.550 cents a pound, down 1.150 cents. April contracts also fell by 1.150 cents to settle at 229.125 cents. Most-active January feeder cattle contracts closed at 341.525 cents per pound, a loss of 1.800 cents. March futures […] Read more
U.S. grains: Wheat sets fresh eight-week low as ample global supply continues to weigh
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures fell for a fourth consecutive session on Wednesday, setting a new eight-week low, as ample supply and progress in peace talks between Russia and Ukraine triggered selling by speculative investors. Corn futures firmed on export demand, though pressure from the wheat market continued to weigh […] Read more
U.S. grains: CBOT wheat sets fresh lows on supply pressure, Ukraine ceasefire talks
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures extended losses for a third session on Tuesday, slumping to fresh lows as the most-active contract hovered near prices not seen since late October, while bumper harvests in Argentina and Australia underscored hefty global supplies. The Rosario Grains Exchange last week raised its production estimate […] Read more
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