Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell more than one per cent on Wednesday on technical selling, softer cash cattle markets this week and worries about export demand for U.S. beef, traders said. CME February live cattle fell 1.725 cents to settle at 136.575 cents/lb., just below the contract’s 50-day moving […] Read more
U.S. livestock: Cattle, hog futures down on meat export worries
China resuming some Brazilian beef imports
U.S. livestock: Cattle futures sag on weaker cash markets
CME lean hogs decline
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly lower on Tuesday on profit-taking after a two-session advance, softer cash cattle prices and weaker wholesale beef prices, traders said. CME February live cattle settled down 0.55 cent at 138.3 cents/lb. but stayed inside of Monday’s trading range (all figures US$). For feeder […] Read more
U.S. grains: Soybeans up as soymeal gains sharply against soyoil
CBOT corn up, wheat lower
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose about one per cent on Tuesday as soymeal futures soared on expectations of rising demand for the high-protein feed ingredient, analysts said. Chicago Board of Trade soymeal futures gained sharply against soyoil futures on meal/oil spreading, with soyoil falling to six-month lows on expectations that U.S. oil […] Read more
U.S. livestock: Cattle up off three-week low in technical bounce
Hogs ease
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, bouncing off a three-week low on technical buying, analysts said. CME February live cattle settled up 0.775 cent at 138.85 cents/lb., rebounding after a dip to 136.85 cents, just below the contract’s 40-day moving average and its lowest since Nov. 18. […] Read more
U.S. grains: Soy, corn down on technical selling, Argentine rains
CBOT wheat up off Friday's drop
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Monday and corn futures also declined on a mix of technical selling after last week’s advances and improving prospects for South American production, analysts said. Wheat futures rose on bargain-buying after dipping to a six-week low on Friday. Chicago Board of Trade […] Read more
Prairie cash wheat: Lower U.S. prices pull back bids
U.S. March wheat futures down on week
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada retreated by double digits for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while those for Canada Western Amber Durum (CWAD) declined more moderately. Significant decreases in U.S. wheat markets and a stronger Canadian dollar combined to weaken Prairie prices. Average CWRS (13.5 protein) […] Read more
U.S. grains: Wheat bounces from lowest in a month
Corn weak, soybeans firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rebounded from a one-month low on Friday, gaining 1.1 per cent on a round of bargain-buying and renewed interest on the export market, traders said. Soybeans also were firm but corn was weaker on a technical setback. News that Chinese buyers had booked a large amount of feed […] Read more
U.S. livestock: Hog futures extend rebound off 10-month low
Bargain buying supports cattle
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Friday, extending gains made a day earlier when the market rebounded from a 10-month low. The gains accelerated as prices surged through key resistance points, and the market closed near session highs. CME February lean hogs settled up 3.2 cents at 81.025 cents/lb. […] Read more
U.S. livestock: Hog futures climb with pork prices
Hog slaughter seen accelerating; beef export picture drags on cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded on Thursday from four sessions of losses, amid an accelerating slaughter pace and indications that pork prices may be near a bottom following a prolonged slide, traders said. The daily hog slaughter was slower-than-normal earlier this week, which some analysts said may be a […] Read more
U.S. grains: Wheat hits one-month low on USDA projections
Corn, soybean futures rise
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures slumped to a one-month low on Thursday after the U.S. Department of Agriculture forecast larger-than-expected global production and stocks in a monthly report that reinforced a recent spate of bearish news. Corn and soybean futures tracked wheat lower, but promptly rebounded from their lows on speculative and technical […] Read more
A message from April Stewart, Country Guide's Associate Editor
