Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday on technical buying and position-squaring ahead of a monthly U.S. Department of Agriculture (USDA) report that is expected to show fewer cattle in U.S. feedlots compared to a year ago, traders said. CME June live cattle settled up 0.7 cent at 165.525 […] Read more
U.S. livestock: Cattle futures up ahead of USDA feedlot data
Hog futures mixed; U.S. pork export sales up on week
U.S. grains: July corn down on poor exports, strong crop prospects
CBOT soybeans, wheat also down; new-crop December corn up off decline
Chicago | Reuters — Benchmark U.S. corn futures fell on Thursday to their lowest in 19 months, pressured by disappointing export data and prospects for big U.S. crops, analysts said. Soybean futures hit a 10-month low, and wheat futures slipped more than two per cent as an extension of a deal to allow war-ravaged Ukraine […] Read more
Ukraine lifts barriers to exports of some farm goods
Export licenses were in place to maintain domestic supplies
Kyiv | Reuters — Ukraine has removed barriers to the export of some agricultural commodities, imposed last year to prevent food shortages, in a bid to boost foreign currency income, its government said on Tuesday. The country introduced export licences in 2022 to protect food supplies after agricultural production was hit by Russia’s invasion. While […] Read more
U.S. livestock: Lean hogs pressured by cheap cash prices, softer pork prices
Nearby live cattle higher, feeder cattle down
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined on Wednesday, snapping a three-session advance, pressured by a discounted cash hog market and declining wholesale pork prices, traders said. CME June lean hog futures settled down 2.325 cents at 84.875 cents/lb. and the July contract fell 2.575 cents to end at 85.55 cents […] Read more
U.S. grains: Corn hits 18-month low on crop prospects
Chicago wheat tumbles on Ukraine deal
Chicago | Reuters — Benchmark U.S. corn futures fell to an 18-month low on Wednesday on news that China cancelled purchases of U.S. corn, and as favourable early-season crop weather bolstered projections for bumper U.S. harvests this year, analysts said. Wheat futures tumbled 3.4 per cent after the Black Sea grain deal, allowing for the […] Read more
Pulse weekly outlook: Canadian exports solid
Bangladesh, Pakistan now buying Canadian peas
MarketsFarm — Canadian pulse exports are running well ahead of their year-ago level, with some demand rationing likely over the next few months as supplies tighten ahead of the new-crop harvest. Canada has exported 1.56 million tonnes of lentils during the crop year to date, with Turkey the top destination at 421,000 tonnes followed by […] Read more
U.S. grains: Soy, corn tumble on improving crop prospects, export competition
Chicago wheat futures follow downtrend
Chicago | Reuters — U.S. spot soybean futures fell 2.6 per cent on Tuesday to multi-month lows and corn futures slipped nearly two per cent, pressured by decent U.S. Midwest crop weather and strong competition for global export business, traders said. Wheat followed the lower trend. Chicago Board of Trade July soybeans settled down 36-3/4 […] Read more
U.S. livestock: Live cattle inch lower, nearby hogs end higher
'Cutouts slowly start to lose ground here'
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange slipped on Tuesday, pressured by softening wholesale beef prices and a lack of bullish news, traders said. Cash cattle trade was quiet, leaving some traders to focus on beef prices. The U.S. Department of Agriculture (USDA) priced choice cuts of beef on Tuesday […] Read more
Global chicken meat oversupply improving, Brazil’s BRF says
Lower grain costs also expected to boost margins
Sao Paulo | Reuters — Chicken prices are rising as companies start to cut production to reduce global oversupply, Fabio Mariano, CFO of BRF SA, said on Tuesday, after a glut helped to push the Brazilian pork and poultry producer to a first-quarter loss. The firm posted a 1.024 billion-real (C$287.7 million) net loss for […] Read more
U.N. efforts to save Black Sea grain deal to continue in coming days
Russia demands include restarting ammonia pipeline
United Nations | Reuters — The U.N. aid chief said on Monday efforts will continue in coming days to extend a deal allowing the safe Black Sea export of Ukraine grain, a pact Russia has threatened to quit effective Thursday over obstacles to its grain and fertilizer exports. The final two ships are due to […] Read more
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