Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell to their lowest level in more than a month on Monday as beef prices weakened and some traders reduced risk amid uncertainty over Russia’s invasion of Ukraine, analysts said. Feeder cattle futures fell to their lowest price since November and lean hogs also slumped. […] Read more
U.S. livestock: CME live cattle fall, feeder cattle lowest since November
April, June hogs down on day
U.S. grains: Corn limit up on Russia-Ukraine supply fears
Egypt cancels wheat tender amid market turbulence
Chicago | Reuters — Chicago Board of Trade corn futures jumped by their daily limit on Monday, while wheat futures spiked after hitting 13-1/2-year highs on Friday on concerns that Russia’s attack against Ukraine will continue to disrupt grain shipments from the Black Sea region. Soy futures also rallied as the conflict limited vegetable oil […] Read more
U.S. livestock: CME cattle down on lower cash prices
Chicago lean hogs extend decline
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped on Friday as cash market prices this week were lower than anticipated, while lean hog futures dropped for a third straight session. Weakening wholesale beef prices added pressure to live cattle, along with adequate supplies of animals available to packers through the summer. The […] Read more
U.S. livestock: CME cattle, hogs sink on profit-taking
March feeder cattle drop as grains surge
Chicago | Reuters — Chicago Mercantile Exchange livestock futures tumbled on Thursday as profit-taking and long liquidation pressured prices following recent gains, analysts said. Lean hog futures pulled back from contract highs reached on Wednesday as traders monitored swings in the stock market after Russia invaded Ukraine. CME April hog futures sank 2.5 cents to […] Read more
U.S. grains: Soy rises on South American crop woes
Wheat, corn futures rally
Chicago | Reuters — Chicago Board of Trade soybean futures rose on Friday on diminishing harvest estimates in South America, though trading remained volatile a day after prices reached a nine-month high, analysts said. Corn and wheat futures jumped on increased concerns that Russia may invade Ukraine and disrupt grain shipments from the Black Sea […] Read more
U.S. livestock: CME live cattle retreat on profit-taking
Hog futures lower despite rising cutout
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Friday as the market retreated from contract highs hit this week. Profit-taking weighed on futures prices, though the market remains supported by strong demand for cattle from meatpackers, traders said. Packers such as Tyson Foods and JBS slaughtered an estimated 120,000 cattle on […] Read more
U.S. grains: Soy, corn end lower in volatile sell-off
Wheat down off early strength
Chicago | Reuters — U.S. soybean and corn futures closed lower on Thursday after a wild session, retreating after a run-up to multi-month highs as a wave of profit-taking and farmer selling overshadowed support from shrinking estimates of South American crops due to drought, analysts said. Chicago Board of Trade March soybeans settled down 20-1/2 […] Read more
U.S. livestock: CME live cattle, lean hogs set contract highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a contract high on Wednesday on firm cash prices and strong demand from packers, while lean hogs also set a new high, traders said. April live cattle ended 1.65 cents higher at 147.825 cents/lb. and set a high of 147.925 cents (all figures US$). […] Read more
U.S. grains: Corn, soy futures set eight-month highs
USDA lowers South America corn, soy crop estimates
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean and corn futures set eight-month highs on Wednesday on concerns about the risk for more unfavorable crop weather in drought-stressed growing areas of South America, traders said. The U.S. Department of Agriculture, in a monthly crop report, pegged Brazil’s soy crop at 134 million tonnes, […] Read more
U.S. livestock: CME lean hogs hit new contract high on slim supply
CME April live cattle up slightly
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a new contract high on Tuesday on concerns about tightening U.S. supplies, analysts said. Nearby live cattle and feeder cattle futures also strengthened. U.S. cold storage data, issued after the markets closed on Monday, was supportive for hog and cattle futures, analysts said. […] Read more
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