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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle futures hit near two-month high as cash markets firm

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Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose for the third day in a row on Wednesday, nearing a two-month high on signs of improving cash markets. Traders also said a stepped-up pace of slaughter in recent days indicated demand for beef remains high. CME lean hog futures closed lower, with the front-month […] Read more
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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle futures extend rally; hog contracts weaken

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Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose to their highest in more than seven weeks on Tuesday, with traders noting follow-through buying after the market rallied on Monday. Concerns about supplies and strength in the cash market underpinned cattle futures. CME December live cattle futures settled up 1.925 cents at 131.45 per […] Read more
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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME cattle futures rise on support from fewer cattle placements

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Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97% year-over-year, beneath trade estimates […] Read more
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Crops, Markets, Reuters

U.S. grains: Wheat surges on supply concerns, as soybeans firm on vegetable oils

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Chicago | Reuters – Chicago wheat futures surged to a two-month high on Monday, as heavy world demand and worries about the global availability of high-protein wheat extended market gains. Soybeans were also firm, helped by renewed strength in the energy and vegetable oil markets. The most-active soft red winter wheat contract on the Chicago […] Read more
CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firms on global supply concerns

Fertilizer risks underpin corn; soybeans weighed by harvest, firmer crush lends support

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Chicago | Reuters — Chicago wheat rose on Friday, supported by global supply concerns and an easing dollar. Corn followed wheat higher, but gains were dragged down by pressure from a lower soybean market as U.S. farmers reap better-than-expected harvests of the oilseed. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended […] Read more
CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle falls as cash market idles

Lower cash, pork prices drag on lean hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell, pressured by a stagnant cash market and processing backups, traders said. CME December live cattle futures settled down 1.225 cents at 128.325 cents/lb. January feeder cattle futures eased 2.675 cents to end at 157.325 cents/lb. For the week, live cattle futures lost 2.35 cents, […] Read more
CME December 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and black lines) and CME Lean Hog Index (dark red dotted line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs fall on sluggish export sales

Weaker exports drag on cattle also

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a third session on Thursday, pressured by weak export activity, traders said. CME December lean hog futures settled down 2.825 cents at 73.2 cents/lb., its biggest drop since Sept. 10 (all figures US$). CME February hogs ended down 2.55 cents at 76.675 cents/lb. […] Read more
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy down on South American weather, technical pressure

Firm U.S. dollar weighs on wheat; rising crop input costs supportive for corn

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Chicago | Reuters — Chicago soybean futures fell on Thursday after five straight sessions of gains, pressured by technical resistance and beneficial forecasts for rain in top export competitor Brazil. Wheat eased from a two-week high hit earlier on Thursday as weaker crude oil prices and a firmer U.S. dollar offset tightening global supplies. Corn […] Read more

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