Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle, feeder cattle and hog futures ended lower on Friday as profit-taking hit the livestock markets ahead of the weekend, traders said. Live cattle futures consolidated after setting contract highs this week, traders said. Most-active CME February live cattle finished 0.625 cent lower at 138.95 cents/lb. (all […] Read more
U.S. livestock: CME cattle, hogs end down on profit-taking
Futures decline despite higher beef prices
U.S. grains: Wheat rallies as global demand offsets virus worries
USDA confirms China buys U.S. soybeans
Reading Time: 2 minutes Chicago | Reuters — U.S. and European wheat futures jumped on Thursday as a series of import tenders and fears of rain damage to Australia’s harvest overshadowed concerns over the spread of the new coronavirus variant. Soybean and corn futures also advanced at the Chicago Board of Trade (CBOT). Global demand for wheat put renewed […] Read more
U.S. livestock: CME live cattle, hogs up with export demand
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures rose again on Thursday, as fresh export numbers underscored strong demand for meat. Meanwhile prices on feeder cattle futures were mixed, as trades in the cash market prices jumped, traders said. Cash cattle had traded earlier in the week at $137-$138/cwt in […] Read more
U.S. grains: Grain futures regain ground as COVID jitters ease
Corn, soy firm after also hitting near three-week lows with wheat
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures turned higher Wednesday, recouping some of their steep losses from the previous session, as investor concerns that the Omicron coronavirus variant would derail the global economy began to ease. Corn and soybeans also regained ground on end-user buying, traders said, following hopes of export buyers looking for deals […] Read more
U.S. livestock: CME cattle, hog futures finish higher
Investors' COVID concerns eased
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange livestock futures finished higher on Wednesday as the markets recovered after dropping the previous session to their lowest prices in more than a week. Prices rose as investors’ concerns eased about the Omicron coronavirus variant, which rattled commodity and financial markets on Tuesday, traders said. Chicago Board of […] Read more
CBOT weekly outlook: Markets ‘resilient’ in face of Omicron
Reading Time: 2 minutes MarketsFarm — While fears over the newly-identified Omicron COVID-19 variant caused a sharp downturn Friday in oil and equities, crop prices on the Chicago Board of Trade (CBOT) were not as hard hit. “This new COVID-19 variant has got some traders spooked in the market here in thinking there might be some economic slowdown and […] Read more
U.S. grains: Wheat extends slide as Omicron worries mount
Corn, soybeans also slip on virus fears
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat prices fell to a nearly three-week low on Tuesday, as concerns that the spread of the Omicron coronavirus variant could slow the global economy drove investors to reduce risk exposure. The entire grains complex felt pressure early in the session, after Moderna’s CEO cautioned that COVID-19 shots were unlikely […] Read more
U.S. livestock: CME live cattle fall from highs as Omicron rattles markets
Chicago February lean hogs also lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Tuesday as worries about the new Omicron coronavirus variant rattled commodity and financial markets. Losses pulled live cattle futures down from contract highs reached in recent sessions. CME lean hog futures also fell, along with U.S. grains and soybeans, after Moderna’s chief cast […] Read more
Klassen: Feeder market making seasonal lows
Surge of Canadian cattle exports expected
Reading Time: 2 minutes Compared to last week, western Canadian feeder markets were down $2-$4 on average. Prices for feeder cattle in the eastern Prairie regions were relatively unchanged from seven days earlier; however, values in Alberta and western Saskatchewan were down $4 to as much as $8 in some cases. This variation made the market hard to define. […] Read more
U.S. livestock: Cattle post new highs, retreat on profit-taking
Chicago lean hogs close mixed
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to multi-year highs on Monday but closed lower as profit-taking and technical selling clipped gains, traders said. The spread of a new coronavirus variant sparked demand worries as livestock traders feared renewed restrictions on travel and restaurant occupancy. But strong beef packer margins and […] Read more
A message from April Stewart, Country Guide's Associate Editor
