(Medioimages/Photodisc/Getty Images)

CBOT Weekly: Selling, crop conditions drive price drops

Wheat prices led the way as the July Chicago contract fell 46 cents per bushel at US$4.46. The July Kansas City hard red wheat contract dropped 43.5 cents at US$6.7625/bu., while the July Minneapolis spring wheat contract lost 39.5 cents at US$7.1250/bu.












The beef cattle industry is bracing for a level of heifer retention this summer and fall that's expected to lower the feeder cattle supply.

Lower feedlot placements support cattle market

Cow-calf producers should think about selling calves in late summer versus fall

During the last week of April, Alberta packers were buying fed cattle on a live basis in the range of $256-$258 per hundredweight delivered, up $18/cwt from three weeks earlier. Alberta fed cattle basis levels have strengthened as market-ready supplies tighten. In Kansas and Texas, live sales, f.o.b. feedlot, were reported at US$182/cwt, down US$3/cwt […] Read more