Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rebounded from prior-session losses on Friday, supported by signs of improving cash cattle prices and firming wholesale beef values, traders said. Prices, however, continued to struggle to break out of their recent trading range as concerns about slowing global economic growth and rising […] Read more
U.S. livestock: CME cattle rebound on improving cash markets, beef prices
CME lean hogs also up off Thursday losses
U.S. livestock: CME cattle, hogs drop in broader commodities sell-off
Investors take 'risk-off' approach, U.S. dollar surges
Reading Time: 2 minutes Chicago | Reuters — Cattle and hog futures on the Chicago Mercantile Exchange fell on Thursday, tracking broader market pressure amid worries about global growth and despite rising prices for beef and pork, traders said. Crude oil fell to its lowest levels since May and the U.S. dollar surged to a nine-month high, as rising […] Read more
U.S. grains: Corn, soy sag on broad commodities weakness
Forecasts call for rain in northwestern U.S. Midwest
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell about 2.5 per cent on Thursday, following broad declines in commodities including crude oil and metals tied to fears about slowing global growth, analysts said. Pressure also stemmed from forecasts for rains in northwestern portions of the Midwest that could improve production prospects, particularly for […] Read more
U.S. livestock: CME cattle up on firm cash market, beef prices
Speculative buying, cash pork prices lift lean hogs
Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange firmed on Wednesday on higher cash cattle and beef prices, while feeder cattle gained as rains were forecast to hit drought-parched grazing pastures in the western Midwest and northern Plains, traders said. The U.S. Department of Agriculture (USDA) reported moderately active cattle sales […] Read more
U.S. grains: Soybeans fall on technicals, U.S. weather
Wheat, corn futures end firm
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell Wednesday on technical selling and forecasts for welcome rains in northwestern portions of the U.S. Midwest, but wheat and corn futures edged higher. Chicago Board of Trade November soybeans settled down 8-1/4 cents at $13.53-1/4 per bushel (all figures US$). CBOT December wheat ended up 2-3/4 cents […] Read more
CBOT weekly outlook: Focus shifts away from USDA supply, demand estimates
Reading Time: 2 minutes MarketsFarm — Nearly a week after the U.S. Department of Agriculture’s (USDA) Aug. 12 release of its monthly supply and demand estimates, they still lingered in the minds of traders at the Chicago Board of Trade (CBOT). “Corn at $5.65 (per bushel), that’s where it’s trading right now, that is the fair market value for […] Read more
U.S. livestock: Lean hogs, live cattle end lower on uncertain demand
'Labour availability' still an issue for packers
Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange ended lower on Tuesday on long liquidation and uncertainty about demand for various cuts of pork, traders said. Benchmark CME October lean hogs settled down 1.1 cents, or 1.2 per cent, at 87.9 cents/lb., retreating from Monday’s nearly three per cent rise (all […] Read more
U.S. grains: Wheat tumbles on profit-taking off eight-year high
Chicago corn, soy follow
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than three per cent on Tuesday in a profit-taking setback after the most-active contract reached an 8-1/2-year high last week, traders said. Corn and soybean futures followed wheat lower, with soybeans retreating from early advances despite fresh export sales of U.S. soy. Chicago Board of Trade […] Read more
Klassen: Strong demand underpins yearling market
Western Canada will be seeking U.S. corn
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were unchanged to as much as $4 higher in some cases; calf markets traded $2-$3 on either side of unchanged as prices were quite variable across the Prairies. Major feedlot operators were extremely aggressive for yearlings. Larger groups of one-cut cattle were very well bid. April live […] Read more
U.S. grains: Wheat ends mixed, near 8-1/2-year high
Pro Farmer corn, soy tour begins in U.S.
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures took a breather on Monday after setting 8-1/2-year highs last week on concerns about tightening supplies in exporting countries hit by harsh weather. Russian agriculture consultancy Sovecon trimmed its forecast for Russia’s crop by 0.3 per cent from last week in the latest estimated reduction […] Read more
A message from April Stewart, Country Guide's Associate Editor
