Chicago | Reuters — U.S. lean hog futures fell on Monday for a fourth straight session, with deferred contracts leading the way down on worries about the chances for a U.S.-China trade deal that could boost Chinese imports of U.S. pork, traders said. Most-active February lean hog futures on the Chicago Mercantile Exchange (CME) settled […] Read more
U.S. livestock: Hog futures extend slide on China trade worries
U.S. livestock: Live cattle futures jump on fund-driven buying
Chicago | Reuters – U.S. live cattle futures rose more than 1 percent on Wednesday to fresh multi-month highs and feeder cattle futures surged 2 percent on what traders said was a combination of fund-driven buying and signs of strength in the cash cattle market. Chicago Mercantile Exchange (CME) December live cattle ended 1.475 cents […] Read more
U.S. grains: Wheat hits three-month high on signs of tightening supplies
Chicago | Reuters — Chicago wheat futures touched a three-month high on Friday, buoyed by rising cash prices and signs of tightening global supplies, analysts said. Soybean futures rose on worries about the size of the U.S. harvest while corn fell on disappointing weekly U.S. export sales. At the Chicago Board of Trade, December soft […] Read more
U.S. livestock: Lean hogs sag as traders parse USDA pork sales data
Chicago | Reuters — U.S. lean hog futures closed lower on Friday after a roller-coaster session in which prices jumped on news of massive weekly pork export sales, only to turn down after the U.S. Department of Agriculture (USDA) said its figures could include pork sold in previous weeks. Toward the close, lean hog futures […] Read more
U.S. livestock: Lean hogs slide on technical selling, China worries
Chicago | Reuters — U.S. lean hog futures closed lower on Thursday for a second straight session on bearish chart signals and uncertainty about export demand from China, traders said. China is facing a huge pork shortage due to an outbreak of a fatal pig disease, African swine fever. But so far the country’s purchases […] Read more
U.S. grains: Wheat futures approach three-month high
Chicago | Reuters — U.S. wheat futures hit their highest level in nearly three months on Thursday as signs of rising global cash prices prompted a round of short covering, traders said. Corn and soybean futures also climbed, supported by worries about the size of U.S. crops, while traders continued to monitor prospects for a […] Read more
U.S. livestock: Live cattle climb on hopes for higher cash trade
Chicago | Reuters — U.S. live cattle futures closed modestly higher on Wednesday, extending a five-week rally tied to expectations of strong prices this week for cattle in the cash market, traders said. “Cash is $1-$2 higher every week, better than what people anticipated,” said Scott Varilek, a broker at Kooima and Kaemingk Commodities Inc. […] Read more
U.S. grains: Soy, corn sag on trade uncertainty, harvest progress
Chicago | Reuters — U.S. corn and soybean futures fell on Wednesday on uncertainty surrounding the particulars of U.S.-China trade talks, along with pressure from the expanding Midwest harvest, analysts said. Wheat futures bucked the weak trend, climbing on technical buying and news that Egypt, a top global importer, bought 405,000 tonnes of wheat in […] Read more
U.S. grains: Corn, soy decline as China trade uncertainty lingers
Chicago | Reuters — U.S. corn and soybean futures closed lower on Tuesday on technical selling and seasonal pressure from the expanding U.S. harvest, along with uncertainty about the terms of a U.S.-China trade pact announced last month, analysts said. Wheat followed the weaker trend, with all three markets retreating from multi-month highs established a […] Read more
U.S. livestock: Lean hogs limit up on optimism for Chinese pork demand
Chicago | Reuters — U.S. lean hog futures hit a two-week high on Tuesday, with the benchmark December contract rising its daily limit of three cents per pound on optimism about increasing pork demand from China, traders said. Food prices in China have soared, driven mainly by a sharp increase in pork values after deadly […] Read more
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