Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, extending a pull-back from four-month highs set this week as traders worried about the health of the world economy and softening demand for beef, traders said. CME October live cattle ended down 1.025 cents at 144.85 cents/lb. and the most-active December […] Read more
U.S. livestock: CME cattle, hogs sag on macroeconomic concerns
Economy raises concern for beef demand
U.S. grains: Wheat reaches two-month high on Ukraine worries
Corn firm, soy eases
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures set fresh two-month highs on Thursday, buoyed by risks of a deepening conflict in Ukraine and dry weather in crop areas of Argentina and the U.S. Plains, traders said. Commodity funds hold a net short position in Chicago Board of Trade wheat futures, leaving the market prone to […] Read more
U.S. livestock: CME hogs down on weak pork prices, macroeconomic fears
Chicago cattle also end lower ahead of report
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell nearly two per cent on Wednesday as falling wholesale pork prices and worries about the health of the global economy triggered a round of long liquidation, traders said. CME October lean hogs settled down 1.55 cents at 94.425 cents/lb. and most-active December hogs fell […] Read more
U.S, grains: Wheat climbs as Ukraine war escalation feared
Corn, soybean futures retreat
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures hit their highest in more than two months on Wednesday on fears of an escalation in the Ukraine war that has disrupted crucial Black Sea grain exports, but pared gains as worries about the health of the global economy pressured the wider commodities sector. Corn and soybean futures […] Read more
CBOT weekly outlook: War chatter part of market chaos
Stronger U.S. dollar weighs on futures
Reading Time: 2 minutes MarketsFarm — With the daily talk about Russia’s invasion of Ukraine, Scott Capinegro, president of Barrington Commodities at Barrington, Ill., has a special term for its effects on the Chicago Board of Trade (CBOT). “I call it the Putin rally,” he quipped, referring to Russian President Vladimir Putin, but lamenting the chaos the seven-month-old war […] Read more
U.S. grains: Wheat up on new concerns for Black Sea supplies
Corn, soybeans up on slow harvest
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures climbed on Tuesday after a day-earlier slide, underpinned by renewed fears about Black Sea supplies, traders said. Soybeans and corn also firmed, supported by slower-than-expected progress in the U.S. harvest. The most-traded wheat contract on the Chicago Board of Trade (CBOT) gained 63-1/4 cents to $8.93-3/4 a bushel, […] Read more
U.S. livestock: CME live cattle firm on strong cash trade
Nearby hogs lower despite cash strength
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle strengthened on Tuesday, underpinned by strong cash markets and tight supplies of market-ready cattle, though recession fears limit gains, traders said. “We saw some pretty strong cash trade in the western corn belt yesterday,” said Alan Brugler, president of Brugler Marketing. “Our long-term bias is higher, […] Read more
Klassen: Weaker Canadian dollar supports feeder market
Weather optimal for bringing in fresh replacements
Reading Time: 2 minutes Compared to last week, western Canadian yearlings traded steady to $2 higher on average while calves traded $2 higher to $4 lower. The calf market was hard to define due to limited numbers while larger supplies of yearlings were on offer in Manitoba this past week. Alberta packers were buying fed cattle on a dressed […] Read more
U.S. grains: Wheat falls on Russian production outlook
Exports underpin U.S. soybeans
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most […] Read more
U.S. livestock: CME live cattle mixed
Tight supplies underpin futures
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mixed to firmer on Monday, supported by diminished supplies of market-ready cattle that should be reflected in the U.S. Agriculture Department’s monthly Cattle on Feed report, due Friday. “It’s been a slow climb, but it’s also predicated on very large demand,” said Dennis Smith, […] Read more
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