Chicago | Reuters — Concerns about red-hot U.S. inflation knocked down Chicago Mercantile Exchange live cattle and feeder cattle futures on Monday, as rising prices threaten beef demand, analysts said. Demand is most at risk for expensive steaks and other pricey cuts as some consumers shift to buying cheaper items, analysts said. U.S. consumer prices […] Read more
U.S. livestock: CME cattle tumble on worries of waning demand
Hogs up off recent lows
U.S. livestock: Cattle futures down in turnaround from rallies
July lean hogs close higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Friday on profit-taking, a session after prices reached multi-week highs, brokers said. The market was due to pull back after climbing six per cent since dropping on May 31 to their lowest price since October, brokers said. Strong demand from packers for a […] Read more
U.S. grains: Soybeans down off Thursday’s near-record high
Corn futures edge up, K.C. wheat jumps
Chicago | Reuters — Chicago Board of Trade soybean futures ended weaker on Friday on profit-taking, after rallying close to an all-time high on strong U.S. export demand and supply concerns. Supply uncertainty remained, as the U.S. Department of Agriculture cut its estimates for 2021-22 domestic ending stocks by about 13 per cent to 205 […] Read more
Fifth-generation cattle rancher aims to build biggest U.S. beef plant
Chicago | Reuters — A fifth-generation cattle rancher and consultant plans to build the country’s largest beef plant in South Dakota with capacity to slaughter 8,000 head of cattle a day. The US$1.1 billion project could help address the Biden administration’s concerns about rising food prices and a lack of competition in the meat sector, […] Read more
U.S. grains: Wheat futures sag as traders eye Ukraine export negotiations
Soybeans ease following export-fuelled gains; corn also lower
Chicago | Reuters — U.S. wheat and corn futures weakened on Friday as traders monitored diplomatic talks aimed at resuming shipments of Ukrainian grain stalled since Russia’s invasion, analysts said. Soybean futures also declined as market participants booked profits before the weekend, brokers said. Ukraine was in focus as the United Nations said its aid […] Read more
U.S. livestock: CME live cattle, feeder cattle touch three-week highs
July lean hogs close lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped a three-week high in the most-active contract on Friday before ending lower amid pre-weekend profit-taking, analysts said. Feeder cattle futures also exceeded a three-week high, while lean hog futures came under pressure at the CME. Strong demand for cattle from meatpackers and a decline […] Read more
U.S. livestock: CME live cattle mixed as traders await USDA data
Lean hog futures turn lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Thursday as traders awaited U.S. Department of Agriculture data on the number of cattle in feedlots. USDA’s Cattle on Feed report, due Friday at 2 p.m. CT, is expected to show U.S. feedlots held 1.3 per cent more on May 1, compared […] Read more
U.S. livestock: CME cattle fall with equities
Concerns remain over U.S. consumer demand
Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder cattle futures dropped on Wednesday as traders reduced risk amid steep losses in the stock market, analysts said. Lean hog futures strengthened at the CME. Cattle futures are more sensitive than hogs to falling stock prices, said Dan Norcini, an independent livestock trader. Wall […] Read more
U.S. livestock: CME lean hogs extend recovery from recent slide
Live cattle, feeder cattle lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose for a third consecutive session on Tuesday as the market continued to recover from oversold conditions, traders said. Live cattle and feeder cattle futures ended lower. Short-covering helped propel hog futures higher following recent declines, said Matt Wiegand, commodity broker for FuturesOne. The market […] Read more
U.S. livestock: CME live cattle futures bounce from losses
Chicago lean hogs also rebound; August feeder cattle lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Monday in a rebound from recent losses, while feeder cattle futures stumbled under pressure from rising costs for grains used for livestock feed. Live cattle were technically oversold and due for a bounce, brokers said. Futures were also due to rally because […] Read more
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