Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled to contract lows on Thursday, as excess supplies and sluggish demand for U.S. pork fueled losses for a fifth consecutive session. Weak prices for pigs and high production costs continue to make it unprofitable to raise hogs, leading some analysts to project that producers will […] Read more
U.S. livestock: CME hogs sink to contract lows
Cattle futures up with beef sales, tight supplies
U.S. grains: Weak export demand, rising U.S. dollar pressure soy, corn
Markets consolidate before U.S. holiday weekend
Chicago | Reuters — Chicago Board of Trade soybean and grain futures eased on Thursday as a strong U.S. dollar added to concerns about lacklustre export demand, traders said. The dollar rose for a fourth straight session to a two-month high, making U.S. commodities look less attractive to importers. Favourable weather for planting of U.S. […] Read more
U.S. grains: Profit-taking pressures wheat futures
CBOT corn firm, soy mixed
Chicago | Reuters — U.S. wheat futures fell on Wednesday on a round of profit-taking as traders said the market lacked fundamental inputs to drive prices higher a day after a rally driven by renewed concerns over a Black Sea deal. Corn futures were firm for the second day in a row, with old-crop contracts […] Read more
U.S. livestock: Hog futures weak on bearish supplies
Chicago cattle futures firm
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the fourth day in a row on Wednesday, with a large supply base pressuring the market. Cattle contracts were firm, rising on a round of technical buying. After the close, the U.S. Agriculture Department said frozen U.S. beef stocks as of April 30 stood […] Read more
U.S. grains: Wheat up off two-year low, pulls corn higher
Soybeans down on profit-taking
Chicago | Reuters — U.S. wheat futures rose 2.6 per cent on Tuesday, bouncing from their lowest in more than two years, on concerns that Ukraine’s exports were being restricted despite the extension of the Black Sea export deal, traders said. The gains in wheat lent support to corn futures, while soybeans retreated on profit-taking […] Read more
U.S. livestock: Hog, cattle futures fall on technical selling
Cattle trade sees pressure from rising corn futures
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Tuesday on technical selling as the market moved closer to values in the cash market, traders said. Cattle contracts also were lower, with traders noting pressure from strength in corn futures. Recent declines in both cattle and hogs have done little to spur a […] Read more
U.S. grains: Corn, soy futures rally
Wheat up off lowest level since March 2021
Chicago | Reuters — U.S. soybean and corn futures rallied on Monday and wheat futures firmed as a round of bargain buying supported commodities prices after a bearish global supply picture pushed prices sharply lower this month. The benchmark Chicago Board of Trade wheat contract dropped below $6 a bushel for the first time in […] Read more
U.S. livestock: Hog futures drop to contract lows on demand woes
CME cattle futures also lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures sank to contract lows on Monday, with the market under pressure from plentiful supplies and weak demand for pork at grocery stores and on the export market. “The story remains one of a slow-to-move product market,” brokerage StoneX said in a note to clients. Cattle futures […] Read more
U.S. grains: Chicago futures roil as U.S. debt ceiling talks halt
Wheat turns down, after technical bounce early in session
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures slid sharply on technical trading on Friday, as investors rushed to liquidate their positions ahead of the weekend, traders said. The most-active soybean contract fell to the lowest prices seen since July — and several new-crop soybean contracts also plunged to new contract lows […] Read more
U.S. livestock: Cattle futures rally
Hog futures slide to new lows; USDA cattle report seen as neutral
Chicago | Reuters –– Chicago Mercantile Exchange cattle futures rose on Friday in a bout of technical trading, as cash prices remained relatively steady and investors positioned themselves ahead of the monthly U.S. Department of Agriculture (USDA) report, traders said. On the pork side, a second day of volatile trading across lean hog futures resulted […] Read more