Reuters — Russia said Monday it would be “inappropriate” to extend the Black Sea grain deal unless sanctions affecting its agricultural exports are lifted and other issues are resolved. The Black Sea Grain Initiative, signed by Russia and Ukraine last July, created a safe corridor to allow grain to be exported from Ukrainian ports blockaded […] Read more
Russia says sanctions a barrier to Black Sea grain deal renewal
U.S. livestock: Cattle futures firm
CME hog futures hold steady
Chicago | Reuters — U.S. live cattle futures edged higher on Friday, with low animal weights supporting prices that hit their highest in nearly eight years earlier this week. “It’s a trend that doesn’t get reversed quickly, and likely sets us up for lighter weights well into the spring,” brokerage StoneX wrote in a note […] Read more
U.S. livestock: Cattle futures mixed, remain near highest since 2015
Chicago lean hogs end lower
Chicago | Reuters — U.S. cattle futures were narrowly mixed on Thursday, consolidating around the near eight-year high hit earlier in the week. Limited supplies in the cash market underpinned futures prices. “The packers will have to bid up to get these animals,” said Dan Smith, senior risk manager at Top Third Ag Marketing. “The […] Read more
U.S. livestock: Cattle futures firm, tight supplies underpin
Hogs up off 13-month lows
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Wednesday, supported by tightening cattle supplies and strong cash trade that continue to push front-month futures to near eight-year highs. “The cash price outlook right now is very firm,” said Doug Houghton, technical analyst at Brock Capital Management. “The overall supply outlook is for […] Read more
U.S. livestock: Cattle futures ease off highest since 2015
Hogs up off lowest since late 2021
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, snapping an 11-session streak of gains on a profit-taking setback after hitting their highest in more than seven years. Some signs of weakness in the cash markets and concerns about profit margins added pressure. Hog futures were firmer after hitting their lowest in […] Read more
U.S. livestock: CME cattle futures extend winning streak
Front-month live cattle, feeders hit highest since 2015; lean hogs down
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose for the 11th session in a row on Monday, hitting their highest in more than seven years as tight supplies continued to fuel a rally. Strength in the cash market added to the gains in cattle futures. But surplus supplies weighed on the hog markets, […] Read more
Canada withdraws proposed measures banning certain rifles, shotguns
Critics said plan was unfair to farmers, hunters
Reuters — Canada has withdrawn proposed amendments to gun legislation that would have banned certain types of rifles and shotguns, the government said on Friday, after opponents alleged the prohibitions unfairly targeted farmers and hunters. The amendments were added to a gun control package that Prime Minister Justin Trudeau’s government introduced last year after the […] Read more
U.S. livestock: April live cattle down slightly
U.S. cattle inventory report shows steep decline; lean hogs also lower
Chicago | Reuters — U.S. live cattle futures climbed to new contract highs early in the session before settling slightly lower on Tuesday, as traders assessed U.S. cattle inventory levels ahead of the U.S. Agriculture Department’s biannual report. After the market closed, USDA reported that the U.S. beef cow herd dropped to 28.9 million head, […] Read more
U.S. livestock: Live cattle firm on strong cash trade
Cattle inventory report due out Tuesday; CME hogs end mixed
Chicago | Reuters — U.S. live cattle futures firmed on Monday, supported by strengthening cash trade and in anticipation of the U.S. Agriculture Department’s biannual cattle inventory report, due out on Tuesday. “Historically, the cattle inventory report wouldn’t be that big of a market mover. But it is a good check in on where you’re […] Read more
U.S. livestock: Hog futures drop on plentiful supplies
Live cattle steady to weak
Chicago | Reuters — U.S. hog futures eased on Friday, with ample supplies weighing on prices due to a heavy pace of slaughter this year. Live cattle futures were steady to weak in rangebound trade, with light activity in the cash market hanging over prices. February lean hog futures dropped 1.15 cents, to 75.875 cents/lb., […] Read more
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