Chicago | Reuters – Chicago Mercantile Exchange live cattle futures turned lower on Thursday in a technical selling and profit-taking setback and on concerns of a slowdown in beef demand in the storm-hit eastern United States, traders said. A winter storm continued its march up the U.S. East Coast on Thursday, with blizzard warnings from […] Read more
U.S. livestock: CME cattle dip on mild Plains outlook, East Coast snow
U.S. livestock: CME cattle rally on higher cash, beef prices
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rallied about 1.5 percent on Tuesday on fund buying and stronger cash cattle and beef prices, traders said. Frigid temperatures in U.S. Plains cattle producing areas also supported futures as such weather could slow down cattle weight gains, making them less available to packers. Actively […] Read more
U.S. grains: Corn, soy up on short-covering
Chicago | Reuters — U.S. soybean futures edged higher on Friday for the first time in seven sessions in a short-covering bounce, but remained near three-month lows as forecast rain in Argentina eased concern about a potential supply risk. Corn was slightly higher on short-covering ahead of the Christmas holiday weekend, while wheat slipped as […] Read more
U.S. grains: Wheat climbs on frigid weather
Chicago | Reuters — U.S. wheat futures rebounded on Wednesday to notch a 1-1/2-week high on worries about frigid weather across the Wheat Belt that threatens to damage crops lacking protective snow cover. Corn also rose on spillover support from wheat and as traders covered short positions following recent contract lows. Soybeans fell to three-month […] Read more
U.S. grains: Soybeans slump on technical selling
Chicago | Reuters — U.S. soybean futures fell on Tuesday for the ninth time in 10 sessions on technical selling and forecasts for crop-boosting rains in South America. Corn firmed on short-covering after touching contract lows, but prices remain capped by abundant supplies. Wheat futures ended mostly lower, with only hard red winter wheat contracts […] Read more
U.S. grains: Soybeans sink to three-month lows on Argentine rains
Chicago | Reuters — U.S. soybean futures slumped to three-month lows on Monday as rain in Argentina eased concerns that farmers would scale back planting in the country, the third-largest soybean exporter and top soy product supplier. Corn futures also declined on the rainy Argentine weather and pressure from abundant supplies of the grain. Wheat […] Read more
Farmers seen harder hit by opioid crisis than rest of rural U.S.
Chicago | Reuters — The opioid crisis in the United States is impacting farm and ranch families more acutely than their rural neighbours, according to a survey published by the American Farm Bureau Federation (AFBF) and the U.S. National Farmers Union on Thursday. About three-quarters of farmers and ranchers surveyed said a family member, someone […] Read more
U.S. livestock: CME live cattle climb as cash prices seen rising
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Monday as profitable packer margins and firm beef prices fueled expectations that cash cattle would trade at higher prices this week. December live cattle finished up 1.25 cents/lb. at 119.825 cents after holding chart-based support at the 50-day moving average around 118.675 (all […] Read more
U.S. grains: Corn sinks to contract lows
Chicago | Reuters — U.S. corn futures fell to new contract lows for the third straight day on Thursday as lower-than-expected weekly export sales and abundant supplies weighed on the market. Soybeans also declined on disappointing weekly U.S. Department of Agriculture export sales data and as improving crop weather in Brazil raised prospects that the […] Read more
U.S. livestock: Live cattle mostly lower as beef prices ease
Chicago | Reuters — U.S. live cattle futures were mostly lower on Monday, pressured by weaker beef prices and expectations that cash cattle at Plains feedlot markets would trade at lower prices this week, traders said. Chicago Mercantile Exchange December live cattle ended steady at 120.575 cents, while actively traded February futures fell for a […] Read more