Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up […] Read more
ADM quarterly profit surges amid strong U.S. corn exports to China
U.S. livestock: Profit-taking drags down CME livestock futures
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Tuesday after rising to their highest price in more than three weeks, while feeder cattle pulled back from contract highs on Monday. Lean hog futures also weakened as traders took money off the table after recent gains. Traders said profit-taking hit cattle markets […] Read more
U.S. livestock: CME live cattle top three-week high; feeder cattle set contract high
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures topped a three-week high on Monday on expectations that supplies will tighten in the coming months, while feeder cattle set a contract high, traders said. The U.S. Department of Agriculture, in a monthly report issued after the markets closed on Friday, said 1.67 million cattle were […] Read more
U.S. livestock: Hog futures rise as pork production estimates cut
Feeder cattle down on rising grain values
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Monday as the U.S. Department of Agriculture reduced its domestic pork production estimates for this year and next year. The USDA cut its production estimates because of reduced expectations for commercial hog slaughtering in the second half of the year, according to a […] Read more
U.S. grains: Wheat futures rally after U.S. slashes harvest estimates
Agency raises U.S. corn crop forecast from June
Chicago | Reuters — U.S. wheat futures climbed on Monday on lower-than-expected production estimates for domestic crops damaged by searing weather and drought, analysts said. Corn and soybean futures also jumped. The U.S. Department of Agriculture, in a monthly report, slashed its harvest outlook for spring wheat other than durum by 41 per cent from […] Read more
U.S. livestock: CME live cattle ease as beef demand cools
CME lean hog futures mostly firm
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped for a second day, following U.S. boxed beef prices lower as seasonal demand cools. “You’re still seeing boxed beef pull back, which is normal, seasonally,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “We’re past the Fourth of July — we don’t have a […] Read more
U.S. livestock: Live cattle futures, boxed beef prices drop
Average hog weights down on week
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures approached a four-week low on Wednesday as U.S. beef prices declined. The drop in futures extended a four per cent setback from a contract high that most-active August live cattle reached last month. Prices for beef shipped to wholesale buyers in large boxes have also […] Read more
U.S. grains: Soy futures rebound on declining crop condition
Forecast rain has eased U.S. corn yield fears
Chicago | Reuters — Chicago Board of Trade soybean futures rose on Wednesday, recouping a portion of heavy losses from a day earlier, as a lower-than-expected U.S. crop rating tempered hopes that rain will improve field conditions. Rains from Friday into next week will offer timely moisture for corn that will be in the key […] Read more
U.S. grains: Corn limit down as crop weather improves
Market retreats from rallies last week
Chicago | Reuters — Chicago Board of Trade corn futures sank by the daily limit on Tuesday as forecasts for cooler, wetter U.S. weather eased concerns about unfavourable crop conditions. Prices pulled back after climbing 12 per cent last week on lower-than-anticipated U.S. plantings estimates from the Department of Agriculture. The estimates made the market […] Read more
U.S. livestock: CME feeder cattle futures jump as grain costs tumble
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures climbed on Tuesday as a steep slide in grain prices made animal feed costs look cheaper, traders said. Traders are keeping a close eye on the grain markets after supply fears drove prices to eight-year highs during the spring. Corn and soy futures surged last […] Read more
Canadian Cattlemen Presents: Depth of Field
