Reading Time: < 1 minute Chicago | Reuters — CME Group hog futures rose on Tuesday, snapping a streak of five straight losing sessions on some mild short-covering, traders said. Gains were kept in check by concerns that demand for pork during China’s Lunar New Year celebrations will be lighter than usual due to rising COVID-19 cases in the country. […] Read more
U.S. livestock: Hog futures rise on short-covering
CME cattle futures also up
Klassen: Stronger deferred live cattle support feeder market
Cow-calf operators seen hesitant to expand
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calf prices were mostly unchanged compared to seven days earlier; however, there were pockets where buyers reported prices up $2-$3 on average. The Alberta calf market appeared to stage a minor recovery after softening over the past month. Manitoba markets […] Read more
U.S. grains: Wheat, corn up on Black Sea export concerns
Chicago January soy falls
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures rallied on Monday after a weekend attack that temporarily shut down key port for Ukrainian exports raised concerns about disruptions to grain shipments, traders said. Soybean futures dropped following rains in Argentina that alleviated concerns about crop shortfalls from that key export country. News that the […] Read more
U.S. livestock: CME February hogs hit two-month low
China COVID-19 concerns a factor; live cattle close higher
Reading Time: < 1 minute Chicago | Reuters — CME live hog futures fell to a two-month low on Monday, notching their fifth straight day of declines on concerns that Chinese pork consumption will fall during the country’s upcoming Lunar New Year celebrations, traders said. Cattle futures were firm, with strength in the cash market underpinning prices. Weakness in Chinese […] Read more
U.S. grains: Soybeans ease on global stocks
Exports, South American weather underpin soy; corn steady
Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans eased on Friday after the U.S. Department of Agriculture (USDA) increased its estimate of global ending stocks, though strong exports and South American weather concerns underpinned the market. Corn traded both sides of even, despite an increase in U.S. stockpiles, while wheat eased. The most-active soybean contract on the […] Read more
U.S. livestock: CME live cattle firm on cash resiliency
Lean hogs down on supply outlook
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange climbed on Friday, supported by resilient cash cattle prices across the U.S. Plains this week, traders said. “We had cash come right back,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. “Cash was a dollar better in the south.” Cash […] Read more
U.S. grains: Soybeans climb to 2-1/2 month highs on strong exports
Wheat eases on disappointing exports
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed on Thursday, supported by strong export demand, pushing the oilseed to nearly three-month highs. Wheat traded near even after Wednesday’s rebound from a one-year low, although prices remained capped by competition from record high Russian supplies. Corn followed soybeans higher. Movements in grains were limited as traders […] Read more
U.S. livestock: Cattle futures firm despite softer cash cattle
Hog futures down as exports disappoint
Reading Time: 2 minutes Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange climbed on Thursday, supported by sluggish corn futures, while live cattle gains were muted as meatpackers offered lower cash cattle prices this week, traders said. “They’ve backed off a bit in the cash market,” said Doug Houghton, technical analyst at Brock Capital Management. […] Read more
CBOT weekly outlook: Soy futures find support, but upside limited
Corn activity mainly bearish
Reading Time: < 1 minute MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some time away, “you might have […] Read more
U.S. livestock: CME live cattle ease on seasonal retail softness
February hogs lower despite export optimism
Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange dipped on Wednesday, as easing post-holiday retail demand, combined with strong cash cattle prices, eats into processor profitability. “This week specifically is when we transition to buying for a lower-demand period, post-holidays,” said Rich Nelson, chief strategist at Allendale Inc. “Packer margins are […] Read more
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