Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished lower on Friday, hit by the “roll” by funds into deferred months and uneasiness over North American Free Trade Agreement (NAFTA) talks, said traders. “NAFTA fears, Goldman roll and premiums to the cash prices. Everyone who bought futures this week decided to dump them […] Read more
U.S. livestock: CME hogs slump amid fund roll, NAFTA worries
U.S. livestock: Short-covering boosts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Thursday after short-covering and fund buying reversed the previous session’s losses, said traders. In a trading strategy known as bull spreads, traders bought June and simultaneously sold deferred months, stirred by firmer wholesale beef values and future’s discount to expected cash prices […] Read more
El Nino pattern could emerge by 2018-19 winter
Reuters — The El Nino weather pattern, associated with warmer and wetter weather than usual that may give rise to damaging conditions, could emerge by the 2018-19 Northern Hemisphere winter, with neutral conditions expected to prevail through November this year, a U.S. government weather forecaster said on Thursday. The last El Nino, a warming of […] Read more
U.S. livestock: CME live cattle buckle under big supply worries
Chicago | Reuters — Chicago Mercantile Exchange live cattle prices on Wednesday felt pressure from softer wholesale beef prices and concerns about a looming supply buildup, traders said. Future’s steep discount to this week’s expected prices for slaughter-ready, or cash, cattle limited June market losses, they said. June live cattle closed down 0.625 cent/lb. at […] Read more
U.S. livestock: CME live cattle up on short-covering, fund buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Tuesday, helped by short-covering and fund buying that halted the market’s two-session slide, traders said. In a trading strategy known as bull spreads, some investors bought June futures and simultaneously sold deferred months in anticipation of this week’s cash prices. Bull spreads offset […] Read more
U.S. livestock: CME live cattle slide
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Monday lost ground for a second straight session, hit by technical selling and the “roll” by funds out of June into deferred contracts, traders said. Funds in CME’s livestock markets that track the Standard + Poor’s Goldman Sachs Commodity Index sold, or rolled, June futures […] Read more
U.S. livestock: CME live cattle sag as funds roll positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday drew pressure from funds that sold, or “rolled,” June positions into back months before similar moves lasting five days beginning on Monday, said traders. Continued uneasiness about burdensome supplies ahead further deterred futures buyers, they said. There may be some concern about a […] Read more
U.S. livestock: Higher cash prices rally CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday led by better-than-expected cash prices that halted the market’s three-session losing skid, said traders. Fund buying and solid wholesale beef demand contributed to futures advances, they said. Still, cattle trading months slipped from highs amid lingering worries about a supply buildup in […] Read more
U.S. livestock: CME live cattle sag despite fundamentals
Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby contracts on Wednesday were weakened by funds that sold, or “rolled,” June positions into back months ahead of similar moves early next week, said traders. Nearby market losses trumped futures’ bullish discount to cash prices, strong wholesale beef values and triple-digit beef packer profits. June […] Read more
Germany plans to toughen conditions for insecticide use
Berlin | Reuters — Germany plans to make it more difficult for farmers to use crop insecticides in a bid to preserve biodiversity, an environment ministry document showed. “Insect biomass has fallen by more than 75 per cent in the last 27 years in Germany,” according to the paper seen by Reuters on Wednesday, saying […] Read more
Canadian Cattlemen Presents: Depth of Field
