Chicago | Reuters — U.S. lean hog futures closed higher on Friday for a second session on expectations of increased export demand for U.S. pork after rival supplier Germany confirmed a case of African swine fever in a wild boar. Chicago Mercantile Exchange (CME) October lean hog futures settled up 2.2 cents at 66.575 cents/lb. […] Read more
U.S. livestock: Lean hogs climb on bullish pork export prospects
Live cattle continue following hogs higher
U.S. livestock: Hog futures limit up on pork export optimism
CME live cattle follow lean hogs higher
Chicago | Reuters — U.S. lean hog futures closed up their daily limit on Thursday as confirmation of a case of African swine fever in a wild boar in Germany fueled expectations that pork importers would turn to the United States for supplies, traders said. Firming cash hog values and rising wholesale pork prices added […] Read more
U.S. grains: Corn up as hog futures soar
Soybeans down on profit-taking
Chicago | Reuters — U.S. corn futures climbed to their highest in five months on Thursday as news of a swine disease in Germany fueled expectations of increased demand for U.S. pork and feed grains, traders said. Firm cash markets for corn ahead of the start of the U.S. Midwest harvest added support, along with […] Read more
U.S. livestock: Hog futures rise as cash values firm
Live cattle follow cash cattle, beef prices lower
Chicago | Reuters — U.S. lean hog futures rose on Wednesday, reaching a four-month high on firming cash hog prices, optimism about pork demand and technical buying, analysts said. The Chicago Mercantile Exchange October lean hog futures contract settled above its 200-day moving average, rising 1.475 cents to end at 61.375 cents/lb. after reaching 61.725 […] Read more
U.S. grains: Soy extends rally as China keeps buying
Data awaited from USDA
Chicago | Reuters — U.S. soybean futures climbed on Wednesday to their highest in more than two years and recorded a 12th straight daily advance on continued export demand from China, coupled with worries about crop-killing frost in parts of the Midwest, analysts said. Wheat futures ended narrowly mixed while corn futures drifted lower in […] Read more
U.S. grains: Soybeans extend rally on Chinese demand
Wheat down as Australia lifts harvest forecast
Chicago | Reuters — U.S. soybean futures rose on Tuesday to notch an 11th-straight higher daily close, supported by a mix of chart-based buying, continued demand from top global buyer China and worries about U.S. crop potential, analysts said. Corn futures also climbed while wheat futures fell as larger harvests in Australia signalled greater export […] Read more
U.S. livestock: Cattle futures rise on expectations of firm cash values
Hog market appears technically overbought
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday on expectations of firmer cash prices as supplies of market-ready cattle tighten, following a drop this past spring in the number of cattle placed in feedlots, traders said. “Packer margins are huge; they are still over $350 a head. […] Read more
Minnesota fields thrive, Iowa storm damage continues on crop tour
Chicago | Reuters — Scouts on an annual U.S. Midwest crop tour continued to see fields battered by an Aug. 10 derecho storm in central Iowa on Thursday, with corn stalks snapped and ears littering the ground due to the hurricane-like winds. In Iowa, crop prospects swung wildly from field to field, according to scouts […] Read more
Options market operator buys last independent U.S. grain exchange
MIH makes deal to buy Minneapolis' MGEX
Chicago | Reuters — Options exchange operator Miami International Holdings (MIH) will acquire the 139-year-old Minneapolis Grain Exchange, the last independent U.S. grain exchange, the organizations said in a statement on Friday. Best known for its flagship hard red spring wheat futures contracts, the MGEX, founded as the Minneapolis Chamber of Commerce in 1881, will […] Read more
U.S. grains: Soybeans firm as U.S. biodiesel data lifts soyoil; corn flat
Chicago | Reuters – U.S. soybean futures rose on Friday for a second session as soyoil futures climbed more than 1 percent on demand from the soy-based biodiesel fuel sector, traders said. Corn futures were little changed, anchored by benign weather in most of the Midwest crop belt that favored good yields, while wheat futures […] Read more
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