Chicago | Reuters — Chicago Board of Trade soybean and corn futures slumped on Monday as traders adjusted positions before the release of key U.S. Department of Agriculture crop and inventory forecasts on Tuesday. Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering […] Read more
U.S. grains: Soybeans, corn sag before USDA report
Traders await department's crop and inventory forecasts
U.S. livestock: Live cattle end higher, lean hogs eases
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures finished higher on Friday and gained about 1 percent for the week, helped by solid export demand, traders said. Demand from China has been particularly strong, fueled by the appetites of a growing Chinese middle class and diplomatic tensions with rival supplier Australia. The U.S. […] Read more
U.S. grains: Wheat, corn, soy sag as traders await U.S. crop report
Chicago | Reuters – U.S. grain futures stumbled on Thursday amid positioning ahead of a federal crop report next week that is expected to show bigger estimates for the nation’s corn and soybean harvests, analysts said. Losses pulled wheat back further from a nine-year high reached on Tuesday at the Chicago Board of Trade. Corn retreated from […] Read more
U.S. grains: Wheat futures extend retreat from 2012 high
Chicago | Reuters – Chicago Board of Trade wheat futures slid on profit-taking on Wednesday, traders said, after prices this week climbed to their highest level since 2012 on tightening world supplies and robust demand. Losses also hit the corn market, which retreated after rising on Tuesday to its highest price since Aug. 12. Wheat […] Read more
U.S. livestock: CME feeder cattle futures slide to five-month low
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures hit a one-week low on Monday on bigger-than-expected U.S. supplies, while feeder cattle dropped to a five-month low, analysts said. Traders have been expecting cattle supplies to tighten but did not see signs of it in October, said Rich Nelson, chief strategist for agricultural commodities […] Read more
U.S. grains: CBOT wheat nears 9-year high, buoyed by strong demand
Chicago | Reuters – Chicago Board of Trade wheat futures rose to their highest prices in almost nine years on Monday amid a flurry of deals in the global export market. Spillover strength from the rally helped lift CBOT corn futures against the backdrop of tightening world wheat supplies, traders said. Saudi Arabia’s main state […] Read more
Mexico won’t limit GMO corn imports from U.S., ag minister says
Ankeny, Iowa | Reuters — Mexico’s agriculture minister said the country would not limit imports of genetically modified (GMO) corn from the United States during a meeting with U.S. Agriculture Secretary Tom Vilsack in Iowa on Wednesday. Mexico published an executive order late last year that sought to ban in three years the use of […] Read more
U.S. livestock: CME hogs near three-week low amid ample supply
Chicago cattle futures also lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell to their lowest prices in about three weeks on Wednesday amid pressure from plentiful supplies, analysts said. Live cattle and feeder cattle futures also finished lower at CME. Hog supplies tend to increase in the autumn, pushing more pork on the market and weighing […] Read more
U.S. livestock: CME live cattle down on raised beef production forecasts
Pork supply expectations drag on CME December hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, after the U.S. Department of Agriculture slightly increased its forecasts for beef production this year and next year. USDA, in a monthly report, raised its 2021 estimate by 0.3 per cent from September because of higher cow slaughtering and heavier average […] Read more
U.S. considers faster hog slaughter paces based on staffing
Faster speeds seen as increasing injuries
Chicago | Reuters — The Biden administration is considering a proposal that could allow some pork plants to slaughter pigs more quickly if they boost staffing, a union official said, after a U.S. court struck down a Trump-era rule that removed line speed limits. The proposal put forward by Quality Pork Processors, operator of a […] Read more
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