Chicago | Reuters – Chicago Mercantile Exchange lean hog futures closed mixed on Thursday as pressure from news of a deadly hog disease in the Dominican Republic offset support from strong export sales and firm cash hog prices, traders said. CME August lean hog futures settled up 0.600 cent at 106.300 cents per pound, while […] Read more
U.S. livestock: Lean hogs end mixed as traders eye Dominican hog disease
U.S. grains: Wheat climbs as dry weather hits U.S. spring crop; corn, soy follow
Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures rose on Thursday, with the front contract rising above $7 a bushel for the first time in a week after findings from an annual U.S. crop tour showed the impact of drought in the northern Plains spring wheat belt. Corn and soybean futures closed […] Read more
African swine fever confirmed in Dominican Republic pigs: USDA
Chicago | Reuters – The U.S. Department of Agriculture confirmed the deadly hog virus African swine fever in samples from pigs in the Dominican Republic, the agency said on Wednesday, fuelling concerns about the disease creeping closer to the United States. The positive tests represent the first detection of the disease in the Americas in about 40 […] Read more
U.S. grains: Wheat climbs on signs of drought damage in northern U.S. Plains
Chicago | Reuters – U.S. wheat futures rose more than 2 percent on Wednesday on increasing concerns over U.S. supplies of top-quality spring wheat after early results from an annual crop tour showed the effects of drought in the northern Plains, traders said. Corn and soybean futures also firmed, but trade was choppy as brokers weighed […] Read more
U.S. livestock: Firm cash markets lift hog futures
Cattle futures extend slide
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Friday as firm U.S. cash markets and rising pork prices underscored tight hog supplies, analysts said. News of the first confirmed cases of African swine fever in farmed pigs in Germany added support, raising uncertainty about pork export flows. However, exports of […] Read more
U.S. grains: Wheat posts biggest weekly climb in six years
Weather woes in North America, Russia, Europe spur concerns
Chicago | Reuters — Chicago wheat futures rose about three per cent on Friday and recorded their largest weekly gain in six years as parched conditions for North American spring wheat and adverse weather in Europe and Russia stoked concern about global supplies. Soybean futures ended higher on uncertainty about U.S. crop weather, while corn […] Read more
U.S. livestock: CME live cattle drift lower
Lean hog futures end mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures drifted lower on Thursday in lacklustre trade, with disappointing weekly export sales data and softening wholesale beef cutout prices adding pressure, analysts said. “The fact that the cutout on beef has been drifting lower just doesn’t give the market a lot of confidence that packers […] Read more
U.S. grains: Wheat climbs on stressful northern Plains weather
Chicago soybean futures sag
Chicago | Reuters — U.S. wheat futures rose on Thursday, led by Minneapolis Grain Exchange (MGEX) spring wheat futures, which hit an 8-1/2-year high near US$9 a bushel as drought threatened crops in the northern Plains and Canadian Prairies. Soybean futures fell on disappointing domestic soy crush data and corn eased after a three-session climb. […] Read more
U.S. livestock: CME feeder cattle fall on corn rally
CME lean hogs end lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower Wednesday, led by weakness in feeder cattle futures and profit-taking after a near two-week high, traders said. CME feeder futures set the tone, falling one per cent as corn futures jumped on worries about dry U.S. weather, a move that signaled higher costs […] Read more
U.S. grains: Corn, soybeans up on weather worries
MGEX, CBOT September wheats also gain
Chicago | Reuters — U.S. corn and soybean futures hit their highest in nearly two weeks on Wednesday as forecasts called for dry weather in the Midwest crop belt next week and continued dryness in the northern Plains, threatening crop prospects, analysts said. Chicago Board of Trade December corn settled up 18 cents at $5.58-3/4 […] Read more
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