Chicago Mercantile Exchange lean hog and cattle futures fell on Wednesday on signs of profit-taking, as wholesale prices continued to say firm and strength in the financial markets gave grain futures a boost, analysts said.
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U.S. livestock: Lean hog, cattle futures lower on profit-taking
Florida fertilizer plants, grain mills close as Hurricane Milton nears
Fertilizer plants, livestock feed facilities and at least one large flour mill in Florida closed on Wednesday in preparation for Hurricane Milton's destructive winds, heavy rain and deadly storm surge.
CBOT Weekly: Trade too low on U.S. corn, soybeans ahead of S/D report
Estimates for U.S. corn and soybeans are perhaps too low and wheat prices are set to increase due to smaller global supplies.
ICE canola weekly outlook: Rising market hits resistance
The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.
California confirms third human case of bird flu, finds more possible cases
California reported a third human case of bird flu on Wednesday in a dairy worker who had contact with infected cattle and said the state identified two more possible cases in people.
Hurricane unlikely to fuel long-term fertilizer price increase, analyst says
While the price of urea fertilizer has spiked at the Gulf of Mexico as Hurricane Milton bears down on Florida, that increase is unlikely to affect Canadian farmers much, said MarketsFarm analyst Bruce Burnett.
Manitoba crop report: Most of the harvest off the field
Combining in Manitoba advanced 12 points at 85 per cent complete for the week ended Oct. 7. While some crops made great amounts of progress, others did not. The largest gains were made in the province's soybean and flax harvests as they are up 41 points apiece at 70 and 61 per cent finished respectively.
Australia, New Zealand brace for looming bird flu threat
Australia and New Zealand are bracing for the arrival of a destructive bird flu strain by tightening biosecurity at farms, testing shore birds for disease, vaccinating vulnerable species and war-gaming response plans.
Prairie forecast: Mild temperatures to continue
Forecast issued Oct. 9, covering Oct. 9 to 16, 2024
As this forecast period starts, the Prairies are feeling the effects of an upper ridge as it slowly slides eastwards and breaks down thanks due to low-pressure tracking over the ridge. Here is where things get interesting. Overall, the models have consistently shown an area of low-pressure tracking over the ridge late this week and over the weekend. This low is forecasted to drop southeastwards and deepen dramatically.
U.S. livestock: Lean hogs and cattle continue rally
Chicago Mercantile Exchange lean hog and cattle futures rose on Tuesday as wholesale cutout values remained strong amid a largely positive economic picture, analysts said.
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