Chicago | Reuters — Chicago Board of Trade corn futures hit a six-week low on Thursday as the U.S. government projected farmers will plant more acres this year and prices will decline, analysts said. The U.S. Department of Agriculture, at its annual Agricultural Outlook Forum, pegged 2023 corn plantings at 91 million acres, up from […] Read more
U.S. grains: Corn futures hit six-week low on projected plantings
Corn, soy, wheat prices to drop from 2022, USDA predicts
U.S. beef cow herd falls to lowest level since 1962, USDA says
Last year saw record cull, Rabobank reports
Chicago | Reuters — The U.S. beef cow herd dropped to its lowest level since 1962, U.S. Department of Agriculture data showed on Tuesday, after a severe drought raised costs for livestock feed. Ranchers increasingly sent cows to slaughter last year, instead of keeping them to reproduce, as dry weather reduced the amount of pasture […] Read more
U.S. grains: Wheat posts biggest weekly loss in six months
Soybeans, soymeal rally on Argentina drought
Chicago | Reuters — Chicago Board of Trade wheat futures weakened on Friday and posted their biggest weekly decline in six months as ample supplies from the Black Sea region weighed on prices, analysts said. Soybean and soymeal futures rallied amid increasing concerns about drought hurting crops in Argentina, the world’s leading exporter of processed […] Read more
U.S. livestock: CME lean hogs extend slide to three-month low
Cattle also lower; "no urgency in this market right now"
Chicago | Reuters — CME lean hog futures sank to a three-month low and closed weaker for the seventh consecutive session on Friday on concerns about weak demand, brokers said. An increase in hog weights also hung over the market, after recent winter storms delayed processing and backed up livestock on farms, brokers said. Pork […] Read more
U.S. grains: Wheat up off nearly four-week low
Corn, soy futures set two-week lows
Chicago | Reuters — Chicago Board of Trade wheat futures turned higher on short-covering and bargain buying on Thursday after dropping to their lowest price in almost four weeks, analysts said. Corn and soybeans set two-week lows as concerns about demand and economic headwinds, including the impact of surging COVID-19 cases in China, continued to […] Read more
U.S. livestock: CME lean hogs touch three-week low
Most live cattle futures settle lower
Chicago | Reuters — CME lean hog futures set a three-week low on Thursday, under pressure from losses in broader markets and following recent weakness in cash hog prices, analysts said. Feeder cattle futures also ended lower as the market pulled back one day after hitting a September high. Livestock markets took signals from a […] Read more
U.S. livestock: CME hogs weaken, cattle rise as winter storms hit
Hogs touch lowest since Dec. 16
Chicago | Reuters — CME lean hog futures fell to their lowest price in more than two weeks on Wednesday and live cattle futures strengthened as snowstorms continued to disrupt livestock operations. Feeder cattle futures reached their highest price since September. Wintry weather in the northern U.S. Plains has delayed livestock shipments, reduced cattle weights […] Read more
U.S. grains: Wheat, corn futures hit two-week lows on demand concerns
Wheat futures curbed by cheaper Black Sea supplies; U.S. Plains wheat ratings dip in Kansas
Chicago | Reuters — U.S. wheat and corn futures set two-week lows on Wednesday as concerns about weakening demand hung over commodity markets. Investor worries about economic headwinds, including the impact of a surge of COVID-19 cases in China, were encouraging selling in commodities, analysts said. Chart-based selling also weighed on the grain markets, they […] Read more
U.S. grains: Wheat, corn, soybeans sag as traders reduce risk in new year
Stronger U.S. dollar pressures grain futures
Chicago | Reuters — Chicago Board of Trade (CBOT) grain and soybean futures closed lower on Tuesday as the dollar rallied and broad-based selling hit a range of markets, analysts said. Oil prices also tumbled, pressured by a gloomy economic outlook, while U.S. stocks struggled. Gains in the dollar made U.S. commodities, including farm products, […] Read more
U.S. livestock: CME cattle, hog futures near two-week lows in broad selloff
Boxed beef values limit losses in cattle
Chicago | Reuters — CME Group livestock futures hit their lowest prices in about two weeks on Tuesday on profit-taking and widespread selling that dragged down commodity and financial markets, analysts said. Traders booked profit in live cattle after the most-active contract reached a fresh high on Thursday, brokers said. Benchmark CME February live cattle […] Read more
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