Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle and feeder cattle futures jumped to their highest prices since August on Wednesday as traders predicted that cash prices will also increase. October live cattle futures closed up 1.025 cents at 100.375 cents/lb. at the Chicago Mercantile Exchange (CME). October feeder cattle advanced 1.1 cents to 138.4 cents/lb. […] Read more
U.S. livestock: Cattle futures top one-month peaks
U.S. grains: Corn sinks on weather, retreating crude oil
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Tuesday for the first time in four sessions on better-than-expected U.S. crop conditions and as crude oil prices, which fuelled the prior session’s rally, retreated. Soybeans also declined, despite the announcement of more sales to top importer China, as forecasts for continued warm weather across much […] Read more
U.S. livestock: Hogs fall from gains as cash prices ease
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures tumbled on Tuesday, with the most-active contract dropping by the daily maximum, due to weak cash prices and technical selling, traders said. Pork cutout values eased for carcasses, loins, bellies and other products, according to U.S. Department of Agriculture estimates. December lean hog futures dropped the daily […] Read more
U.S. grains: Corn firms as oil rally offsets Midwest weather
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Monday as support from surging crude oil prices more than offset pressure from favourable weather for late-developing crops. Signs of easing U.S.-China trade tensions also buoyed the market after confirmation on Monday of more Chinese purchases of U.S. soybeans that triggered a rally last […] Read more
U.S. livestock: Hogs rise on expectations for Chinese buying
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures climbed to their highest price since July on Monday on expectations for Chinese buying, while technical selling pushed down cattle futures. Meat traders anticipate China will increase pork imports to offset an expected shortage caused by an outbreak of African swine fever, a fatal pig virus that […] Read more
U.S. grains: Soybeans extend gains on big Chinese purchase
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures hit a six-week high on Friday as China’s first large purchase of U.S. beans in months and easing of some duties on U.S. exports fuelled hopes of a detente in the tariff war between Washington and Beijing. Corn also firmed as signs of a U.S.-China trade thaw sparked […] Read more
U.S. livestock: Hogs limit up again on China tariff exemption
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures climbed by an expanded daily limit on Friday as China said it would exempt U.S. pork from additional tariffs imposed during its trade war with the United States. The exemptions raised hopes for Chinese buying and were seen as the latest sign of easing Sino-U.S. tensions before […] Read more
CBOT weekly outlook: Expected U.S. soybean, corn yields down
Reading Time: 2 minutes MarketsFarm –– The U.S. Department of Agriculture (USDA) September supply and demand report saw downward revisions for corn and soybeans, but kept its estimates for wheat where they were in August. The department on Thursday released its new world agricultural supply and demand estimates (WASDE). “Prices rallied after the report came out because of the […] Read more
U.S. grains: Fresh sales to China fuel soy optimism
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped to a one-month high on Thursday on news of fresh export sales to China and signs of a possible easing of the U.S. trade dispute with the world’s biggest buyer of the oilseed. Corn and wheat futures also rose, following soybeans. Meanwhile, the U.S. Department of Agriculture […] Read more
U.S. livestock: Live cattle extend recovery from nine-year low
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures shot higher on Wednesday on short covering and technical buying as the market extended a rebound from a nine-year low this week. CME October live cattle futures ended up 2.35 cents at 98.5 cents/lb. (all figures US$). The market has climbed since October live cattle […] Read more
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