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(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets, Reuters

U.S. December feedlot cattle placements hit six-year high

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Reading Time: 2 minutes Chicago | Reuters — U.S. feedlots brought in 18 per cent more cattle in December than the year-earlier month, the U.S. Department of Agriculture said on Friday, which topped forecasts and reached a six-year high for that month. Higher prices for slaughter-ready, or cash, cattle last month improved profit for feedlots. That allowed them to […] Read more
(CMEGroup.com)
Livestock, Markets, Reuters

U.S. livestock: CME hogs tumble after again nearing six-month high

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended sharply lower on Thursday pressured by weaker initial cash prices and fund liquidation, but not before futures approached a six-month high for a second straight session, said traders. February hogs ended 1.675 cents/lb. lower at 65.85 cents (all figures US$). April closed 2.925 cents lower […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Corn up on strong exports, ethanol demand

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures touched a six-month high on Friday, buoyed by robust demand from exporters and ethanol producers, analysts said. Wheat followed corn higher in largely technical trade while soybeans eased on profit-taking. But all three markets posted weekly gains. Chicago Board of Trade March corn settled up 3-1/2 cents at […] Read more
Sonny Perdue with wife Mary during a rain prayer service in 2007. (SonnyPerdue.Georgia.gov)
Crops, Reuters

Trump to name ex-Georgia governor as ag secretary

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Reading Time: 2 minutes Washington | Reuters — U.S. President-elect Donald Trump will name former Georgia Governor Sonny Perdue as his nominee for secretary of agriculture on Thursday, a senior transition official saidn Wednesday. Perdue, 70, served on Trump’s agricultural advisory committee during his presidential campaign. His nomination, which must be confirmed by the Republican-led Senate, will complete Trump’s […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle up for third straight day

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday for a third day in a row, following the  morning’s wholesale beef price upswing and initial cash price strength, traders said. February live cattle closed 0.7 cent/lb. higher at 120.275 cents, and April closed up 0.4 cent to 119.4 cents (all […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soy, corn can’t keep their distance from Argentina

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Reading Time: 2 minutes CNS Canada — Soybean futures at the Chicago Board of Trade posted sharp gains over the past week, as weather concerns in Argentina and a bullish U.S. Department of Agriculture report sparked a rally. South American weather also underpinned the corn market — and both commodities will be following the forecasts out of the region […] Read more
(Keith Weller photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans extend rally

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Friday on follow-through buying on the U.S. Agriculture Department’s surprise cut to its domestic production estimate and ending stocks on Thursday, traders said. Soymeal led soybeans higher on concerns that forecasts for more rain in Argentina could limit the size of the soybean crop in the […] Read more
(Lisa Guenther photo)
Livestock, Markets, Reuters

U.S. livestock: Cattle ease on technical selling

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures fell more than one per cent on Thursday, extending losses to the second straight session on a technical sell-off as wholesale beef prices also continued to lose ground, traders and analysts said. Lean hogs were mixed at the Chicago Mercantile Exchange, with some front-month hog futures contracts rising […] Read more

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