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

U.S. livestock: CME live cattle grind to 16-month low

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday quietly slid to their lowest level since late May 2014, pressured by seasonally sluggish wholesale beef demand, traders said. Global economic worries that sent U.S. stocks tumbling, which triggered selling across various commodities. Monday’s CME live cattle rally was overdone and were “tethered […] Read more
(Stephen Ausmus photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Wheat, corn rise on short-covering bump

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Monday, with the benchmark Chicago Board of Trade soft red winter wheat contract gaining 1.8 per cent, on a round of short-covering by investment funds as well as technical buying, traders said. “If you are looking for a fundamental reason for today’s price rally, look elsewhere, […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Bargain hunting, USDA report boost CME live cattle

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Monday, fueled by bargain hunting and short-covering following a four-day losing streak, traders said. Spot-October closed one cent per pound higher at 137 cents, and December ended up 1.375 cents, to 139.75. Traders said CME live cattle were further supported by Friday’s […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME cattle repeat lows before USDA report

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday sank to new contract lows, and hit their lowest in 16 months, for a third consecutive session, pressured by lackluster wholesale beef demand, traders said. Investors exercised caution before the U.S. Department of Agriculture’s monthly Cattle on Feed report today at 2 p.m. […] Read more
U.S. consumers’ demand for organic foods, such as this California lettuce, has risen steadily in the past decade — particularly in California, which alone accounted for 41 per cent of U.S. organic sales in 2014. (Eric Brennan photo courtesy ARS/USDA)
General, Markets, Reuters

Sales from organic U.S. farms reached $5.5B last year

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Reading Time: 2 minutes Chicago | Reuters — Sales from organic U.S. farms reached US$5.5 billion last year, a 72 per cent increase from 2008, the U.S. Agriculture Department said in a report on Thursday that highlighted the consumer trend toward such products. The USDA data, compiled through farmer surveys, showed that milk was the top organic commodity in […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live, feeder cattle ease to 16-month low

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday hit a 16-month bottom, falling to contract lows for a second straight session, on lower wholesale beef values and further cash price weakness, traders said. Spot-October closed 0.75 cent/lb. lower at 136.85 cents, and earlier marked a contract low of 136.525 (all figures […] Read more
(USDA.gov via Flickr)
Corn, Crops, Markets, Reuters, Soybeans

USDA probes release of incorrect data that pressured crop prices

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Reading Time: 2 minutes Chicago | Reuters — A U.S. Agriculture Department (USDA) unit is reviewing its procedures after posting incorrect crop data online on Wednesday, an error that temporarily pressured grain prices. The Farm Service Agency (FSA) inadvertently issued the wrong data on crop acreage around 5 a.m. CT and posted corrected data four hours later. The agency […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Corn, wheat fall for second day on harvest, ample supply

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Reading Time: 2 minutes Chicago | Reuters — U.S. grains were lower on Wednesday, with both corn and wheat easing about one per cent for their second straight session of declines on pressure from the advancing corn harvest and plentiful global grain supplies. Soybeans reversed from earlier gains to turn narrowly lower, in light trading volumes in each commodity […] Read more

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