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Tag Archives USDA

(USDA.gov via Flickr)
Cereals, Corn, Crops, Markets, Reuters, Soybeans, Weather

USDA sees bumper corn, soy crops despite floods

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Reading Time: 2 minutes Washington | Reuters –– U.S. corn and soybean harvests were pegged above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states, the government said Wednesday. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion […] Read more
(Lisa Guenther photo)
Crops, Markets, Reuters

U.S. grains: Corn follows broad weakness as crop ratings stabilize

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Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures fell on Tuesday from two-week highs as stable crop ratings eased concerns about dry Midwest weather, while China’s devaluation of the yuan led to broad weakness in commodity markets. Wheat also slipped, one day after rallying in step with corn and soybeans despite signs of large […] Read more
(CMEGroup.com)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME lean hogs finish mixed

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished mixed on Tuesday, supported by futures’ discounts to CME’s recent hog index at US78.9 cents, but pressured by weak cash and wholesale pork values, traders said. Spot-August futures, which will expire on Aug. 14, closed up 0.075 cent/lb. at 76.725 cents, and most-active October 0.625 […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Softer fed cattle market weighs on feeder prices

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Reading Time: 2 minutes Western Canadian feeder cattle traded at similar levels to seven days earlier on very light volumes and little buying interest. Most auction barns were closed and cattle buyers are on holidays, so drawing market information is like the young cowboy at the high school dance — his mind is anywhere but on the markets. Limited […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME hogs down again as supply worries persist

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs extended losses into a fourth straight session on Monday as hefty supplies stifled cash and wholesale pork prices, traders said. Spot-August futures closed down 0.675 cent/lb. at 76.65 cents, and most-active October closed 1.15 cents lower at 62.975 (all figures US$). On Monday, packers processed 426,000 […] Read more
(Lisa Guenther photo)
Crops, Markets, Reuters

U.S. grains: Soybeans rally on eroding crop prospects

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Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures jumped more than two per cent on Friday and registered their first weekly gain in five weeks, helped by signs of improving export demand and expectations that the U.S. government will trim its harvest forecast in a monthly crop report next week. Corn and wheat futures firmed on […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Lower cash prices drop hog futures

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs slumped for a third consecutive session on Friday as hefty supplies continued to drag down prices for market-ready (cash) hogs, traders said. Spot-August futures finished 0.75 cent/lb. lower at 77.325 cents, and most-active October down 0.325 cent at 64.125 cents. Friday morning’s average hog price in […] Read more
(CMEGroup.com)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Bearish fundamentals sink CME hog futures

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs tumbled more than two per cent on Thursday following the morning’s cash hog and wholesale pork price retreat, traders said. Spot-August futures finished 2.15 cents/lb. lower at 78.075 cents, and most-active October down 2.325 cents at 64.45 cents (all figures US$). Thursday morning’s average market-ready (cash) […] Read more

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