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(USDA.gov via Flickr)
Crops, Markets, Reuters

U.S. corn, soy stocks grow less than expected

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Reading Time: 2 minutes Washington | Reuters — U.S. soybeans and corn stocks ballooned from a year ago but still missed market forecasts as strong demand ate into supplies, the U.S. Department of Agriculture said Tuesday. Wheat supplies were bigger than expected. U.S. wheat has struggled on the export market and weak prices for corn have cut demand for […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle rebound on short-covering

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday, supported by short-covering before the final trading session of the quarter on Tuesday, analysts said. June, which will also expire on Tuesday, finished 1.275 cents/lb. higher at 149.675 cents, and August up 1.35 cents, to 149.875 cents (all figures US$). “I think […] Read more
(USDA.gov via Flickr)
Hogs, Livestock, Markets, Reuters

Less-potent pig virus fuels U.S. hog herd growth, but rate slows

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Reading Time: 2 minutes Reuters — The U.S. hog herd grew nine per cent during the March-May quarter compared with a year ago, a U.S. Department of Agriculture report showed on Friday, reflecting better measures to combat a deadly pig virus which resulted in record pigs per litter, analysts said. However, weaker hog prices last quarter eroded farmer profits […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME hogs gain on short covering before USDA report

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Friday, supported by short covering before the U.S. Department of Agriculture’s quarterly hog report expected at 2 p.m. CT, traders said. Analysts expect Friday’s report to show further herd expansion during the March through May quarter compared with a year earlier. “The […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Reuters, Soybeans

CBOT weekly outlook: Soy, corn futures seen hinging on USDA data

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Reading Time: < 1 minute CNS Canada — CBOT (Chicago Board of Trade) soybean futures posted solid gains over the past week, but backed away Wednesday, which could be a sign of further losses to come as market participants await direction from the U.S. Department of Agriculture’s acreage report on Tuesday. John Weyer, co-director of the commercial hedge division at […] Read more
(Dave Bedard photo)
Crops, Markets, Reuters

Groups urge tighter controls as U.S. considers GM crop regulation

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Reading Time: 2 minutes Reuters — Dozens of consumer and food groups and businesses asked the U.S. government on Monday for tighter regulation of genetically engineered crops, calling the current system a “failure.” The U.S. Department of Agriculture has said it was considering changes to the way it regulates biotech crops and set a public comment period that expired […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans hit six-week high on weather jitters

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to a six-week high on Monday on concerns about tightening old-crop supplies and excessive rains trimming new-crop yield prospects, traders said. Wheat and corn also rose. At the Chicago Board of Trade, the July soybean contract settled up 18 cents at $9.89-1/2 per bushel after reaching $9.90, […] Read more
(USDA.gov via Flickr)
Beef Cattle, Livestock, Markets, Reuters

Fewer cattle placed in U.S. feedlots in May than anticipated

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Reading Time: 2 minutes Chicago | Reuters –– The number of cattle placed in U.S. feedlots last month was lower than anticipated, a government report showed on Friday, reflecting healthy pastures that allowed ranchers to grow livestock longer outside of feedyards, said analysts. Producers retained more heifers to help restore the U.S. cattle herd, now at its third lowest […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle rally before USDA report

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday gained for the first time in seven sessions, partly buoyed by short-covering and positioning before the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT. Analysts on average expect Friday’s report to show 7.2 per cent fewer cattle placed […] Read more

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