(Photo courtesy Canada Beef Inc.)

Klassen: Texas flooding lifts Canadian feeder market

Fed cattle in counter-seasonal trend

For the week ending Sunday, western Canadian feeder cattle markets traded $6-$8 higher. In some cases, quality yearling packages traded as much as $10 above week-ago levels. Live and feeder cattle futures closed the week US$8-$9 higher as traders monitored flooding conditions in Texas. Alberta packers were buying fed cattle on a live basis in […] Read more

CBOT July corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soybean futures sag on demand woes

U.S. wheat futures firm

Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Monday, retreating from gains made during the overnight trading session on signs that already light export demand for U.S. supplies had weakened further, traders said. Wheat futures were firm, with the biggest gains being notched by K.C. hard red winter wheat […] Read more


CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle futures rise, hog futures dip

Wholesale pork highest since mid-November

Chicago | Reuters — Chicago Mercantile Exchange extended their rally on Monday, with strong cash prices and technical buyers pushing the market higher. Live cattle contracts have risen for eight straight sessions and feeder cattle contracts have posted gains for five sessions in a row. But hog futures closed weaker even as pork prices surged […] Read more

CME August 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle extend rally on surging cash market

Lean hogs follow firm trend

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended their run of life-of-contract highs on Friday, supported by a jump in cash cattle prices this week along with rising beef prices, traders said. Benchmark CME August live cattle futures settled up 0.525 cent at 172.9 cents/lb. after posting a contract high at 174.25 […] Read more


CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soy up on weather worries, macroeconomic optimism

Black Sea tensions, China weather support wheat

Chicago | Reuters — U.S. corn and soybean futures closed higher on Friday, lifted by bargain-buying following this week’s multi-month lows, dryness in the Midwest crop belt and spillover strength from equities and crude oil, traders said. Wheat followed the firm trend, drawing additional support from weather concerns in China and tensions over a shipping […] Read more

CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle soar as cash prices explode

Lean hog futures mostly lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged on Thursday as cash cattle traded as high as US$180/cwt in Texas and Kansas, up to US$9 higher than last week, reflecting strong demand from meat-packers amid rising beef prices and tightening cattle supplies, traders said. CME’s most-active August live cattle futures contract settled […] Read more


CBOT July 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Weather worries lift soybeans, new-crop corn

CBOT July wheat also climbs

Chicago | Reuters — U.S. soybean futures rose on Thursday on worries about dryness building in the Midwest crop belt, while a setback in the dollar and speculative buying at the start of a new month lent additional support, analysts said. Chicago Board of Trade (CBOT) wheat climbed 2.8 per cent, extending Wednesday’s rebound from […] Read more

CBOT July 2023 soft red winter wheat with Bollinger bands (20,2), MGEX July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat bounces off 2-1/2 year low

Corn, soy futures pare losses

Chicago | Reuters — Chicago wheat futures closed higher on Wednesday on a round of bargain buying after the benchmark July contract dipped to its lowest level in nearly 2-1/2 years, dragged down by strong competition for export business and macroeconomic worries, brokers said. Similarly, U.S. corn and soybean futures recovered from steep declines, with […] Read more


CME July 2023 lean hogs with Bollinger bands (20,2) and CME’s cash lean hog index (brown line). (Barchart)

U.S. livestock: CME lean hogs bounce on short-covering

Cattle futures up with beef prices, tighter supplies

Chicago | Reuters — Benchmark July lean hog futures on the Chicago Mercantile Exchange jumped nearly five per cent on Wednesday, extending their two-day rally to 11 per cent on a round of bargain-buying following a months-long slump, traders said. CME July hogs settled up 3.8 cents at 83.325 cents/lb., while front-month June hogs ended […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

CBOT weekly outlook: Quick seeding bringing down prices 

U.S. debt ceiling negotiations affected crude oil prices, agricultural commodities mostly immune

MarketsFarm – Prices for corn, soybeans and wheat on the Chicago Board of Trade (CBOT) were pressured by fast planting paces during the week ended May 31, according to one trader.  The U.S. Department of Agriculture (USDA) reported on May 30 that 92 per cent of the country’s corn crop was planted as of Sunday, […] Read more