Chicago | Reuters –– Chicago Mercantile Exchange lean hogs hit a four-month low on Thursday as U.S. stocks plummeted amid fears of a potential trade war between the U.S. and China, said traders. On Thursday U.S. President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of imports from […] Read more
U.S. livestock: Trade war risk slams CME hogs
U.S. livestock: Cash prices extend CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle fell on Wednesday for a fifth straight session, weighed down by a burdensome supply outlook and cash prices that fell short of expectations, traders said. A few investors adjusted positions in advance of the U.S. Department of Agriculture’s (USDA) monthly Cattle on Feed report on Friday. […] Read more
Dreyfus posts profit rise in challenging market
Paris | Reuters — French commodities trader Louis Dreyfus reported a rise of almost four per cent in annual net profit on Wednesday buoyed by higher volumes but cautioned that industry challenges persist. Like its rivals, Dreyfus has faced lower margins linked to large inventories, low prices and reduced price volatility, prompting it to spin […] Read more
U.S. livestock: CME live cattle extend slide
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, extending their slide to four straight sessions on declining cash prices and expectations of rising cattle supplies in the next few months. Cash cattle traded lightly in Texas and Kansas, down $1 from last week’s trade, brokers said (all figures US$). “We […] Read more
U.S. livestock: CME live cattle hit two-month low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday for a third straight session, pressured by fund-driven long liquidation and expectations of rising supplies ahead based on the U.S. Department of Agriculture’s most recent monthly cattle report, traders said. Declines on Wall Street added to bearish sentiment. The S+P and Nasdaq […] Read more
U.S. livestock: CME live cattle down again on supply growth outlook
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Friday slid for a second straight day, pressured by increased supply expectations, said traders. Some investors sold CME live cattle contracts despite Friday’s wholesale beef price uptick and futures’ discounts to this week’s cash returns. April live cattle closed 0.6 cent/lb. lower at 121.25 cents, […] Read more
U.S. livestock: Supply buildup fears undercut CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reversed Wednesday’s gains, weakened by fund liquidation and concerns about rising supplies, said traders. More cattle tend to come to market as warmer spring temperatures allow livestock to gain weight faster. And, the most recent U.S. government monthly cattle report implies increased cattle numbers […] Read more
K+S expects earnings gain from Saskatchewan mine
Frankfurt | Reuters — German potash miner K+S vowed to increase earnings significantly this year, as it ramps up production at its new Bethune, Sask. mine and after temporary restrictions on waste water at its main domestic mine were lifted. Revenues would be tangibly higher and earnings before interest, taxes, depreciation and amortization (EBITDA) would […] Read more
U.S. livestock: CME live cattle end higher but off morning tops
Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher after Wednesday’s volatile session, supported by the uptick in wholesale beef values and futures’ discounts to this week’s cash prices, said traders. Futures slipped from session highs due to the looming seasonal bump in supplies and U.S. stocks’ tumble amid renewed trade war fears. […] Read more
China conditionally approves Bayer’s Monsanto deal
Beijing | Reuters — Bayer on Tuesday secured conditional approval from China’s commerce ministry for its planned acquisition of the world No. 1 seed company Monsanto, chalking up a victory in an onerous struggle to win over watchdogs across the globe. The ministry also ordered the German drug and crop chemicals maker to spin off […] Read more
Canadian Cattlemen Presents: Depth of Field
