Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder cattle futures dropped on Wednesday as traders reduced risk amid steep losses in the stock market, analysts said. Lean hog futures strengthened at the CME. Cattle futures are more sensitive than hogs to falling stock prices, said Dan Norcini, an independent livestock trader. Wall […] Read more
U.S. livestock: CME cattle fall with equities
Concerns remain over U.S. consumer demand
U.S. livestock: CME lean hogs extend recovery from recent slide
Live cattle, feeder cattle lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose for a third consecutive session on Tuesday as the market continued to recover from oversold conditions, traders said. Live cattle and feeder cattle futures ended lower. Short-covering helped propel hog futures higher following recent declines, said Matt Wiegand, commodity broker for FuturesOne. The market […] Read more
U.S. livestock: CME live cattle futures bounce from losses
Chicago lean hogs also rebound; August feeder cattle lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Monday in a rebound from recent losses, while feeder cattle futures stumbled under pressure from rising costs for grains used for livestock feed. Live cattle were technically oversold and due for a bounce, brokers said. Futures were also due to rally because […] Read more
U.S. grains: CBOT wheat, corn ease off rally on supply concerns
Export outlook, crude oil support soybeans
Chicago | Reuters — Chicago Board of Trade wheat and corn futures weakened on Friday, a day after rising on U.S. Department of Agriculture forecasts that indicated tightening global supplies. Traders took some profits ahead of the weekend and on expectations that U.S. farmers are advancing corn plantings thanks to improved Midwest crop weather, analysts […] Read more
U.S. livestock: CME lean hogs bounce after recent losses
June live cattle, August feeder cattle up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded on Friday after dropping a day earlier to their lowest prices since January. The market was due for a bounce following a recent slide that was driven by concerns about weakening U.S. demand and technical selling, analysts said. The most-active June hogs contract ended […] Read more
U.S. grains: Wheats up on ‘indisputably bullish’ cuts to harvest estimates
MGEX July wheat limit up, K.C. July wheat hits contract high
Chicago | Reuters — U.S. wheat futures set contract highs on Thursday as the U.S. Department of Agriculture (USDA) slashed its production forecast for the variety that is grown in the U.S. Plains and used to make bread. USDA, in a monthly crop report, projected hard red winter wheat output at 590 million bushels, down […] Read more
U.S. livestock: CME cattle, hogs weaken amid demand concerns
Chicago | Reuters — Chicago Mercantile Exchange livestock futures fell on Thursday, as high meat prices are threatening U.S. demand, analysts said. Concerns that inflation could remain elevated for longer than anticipated weighed on the markets because higher prices could reduce meat sales, analysts said. Traders also watched a rise in prices for grain used […] Read more
U.S. livestock: CME lean hogs drop to January lows on demand worries
Live cattle up, feeder cattle down
Chicago | Reuters — CME lean hog futures on Wednesday fell to their lowest prices since January amid concerns about demand for U.S. pork, analysts said. Inflation and a decline in U.S. pork exports to China, the world’s top pork consumer, are hurting demand, analysts said. The consumer price index rose 8.3 per cent in […] Read more
U.S. grains: Supply worries, weather spur rallies
Market awaits USDA world crop report; rains delay U.S. spring wheat plantings
Chicago | Reuters — Chicago Board of Trade grain and soybean futures jumped on Wednesday, as traders uneasy about world supplies adjusted positions a day before the release of U.S. crop data. Concerns about poor global crop weather helped support gains, with MGEX spring wheat futures setting contract highs as rains prevent plantings in the […] Read more
Nutrien may further raise potash output as sanctions curb other supplies
Chicago | Reuters — Canada’s Nutrien, the world’s largest fertilizer company, is weighing further increases to potash production as sanctions continue to limit shipments from Russia and Belarus, interim CEO Ken Seitz said on Tuesday. Prices of crop nutrients such as potash have skyrocketed as sanctions against Russia for its invasion of Ukraine have disrupted […] Read more
Canadian Cattlemen Presents: Depth of Field
