Chicago Mercantile Exchange lean hog and live cattle futures closed higher on Tuesday, as market participants appear to be betting that the dockworker strike being short-lived, market analysts and traders said.
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U.S. livestock: Lean hogs, live cattle futures higher; feeders ease
U.S. grains: Wheat rallies on drought, geopolitical tensions; corn follows
Corn futures set new 3-month highs on support from wheat, and as oil prices jumped on Tuesday, after the Israeli military said on Tuesday that missiles had been launched from Iran at Israel and NATO's new chief Mark Rutte voiced strong support for Ukraine.
Montreal port workers begin three-day strike at two terminals, port authority says
Unionized workers began a three-day strike at two terminals of the port of Montreal as talks over a new contract are yet to result in a labor agreement, the Canadian port's authorities said on Monday.
Vancouver grain workers reach tentative deal to end strike
Workers at six grain terminals in the Canadian port of Vancouver have reached a tentative deal on September 27, ending a strike potentially impacting exports from the world's top canola and number three wheat exporter during the harvesting period.
Klassen: Western Canadian calf markets percolate higher
Strength in the deferred live cattle futures has spilt over into the feeder complex. Alberta and Saskatchewan placements in the lighter weight categories are down from year-ago levels which is resulting in stronger Alberta fed cattle basis levels for next spring. These are the main factors influencing the calf markets in Western Canada.
US East Coast dockworkers strike, halting half the nation’s ocean shipping
Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation's ocean shipping after negotiations for a new labour contract broke down over wages.
U.S. livestock: CME lean hog, live cattle futures end mostly lower
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures closed mostly lower on Friday, pressured by government data showing the U.S. hog herd expended two per cent during the last quarter as well as worries about a potential strike at U.S. ports next week, analysts said. Some 45,000 union workers could walk off the […] Read more
U.S. grains: Soy futures soar on US weather woes
U.S. soybean futures hit their highest in two months on Friday as soymeal futures surged by five per cent on worries about damage to crops and infrastructure in the Gulf Coast region following the landfall of Hurricane Helene as well as short-covering ahead of key crop reports due Monday.
EU cuts wheat crop estimate to 12-year low
European wheat production forecast at 12-year low. Corn, barley, oilseeds also down on year.
U.S. farmers call for vaccine option to fight bird flu as wildfowl migration begins
U.S. farmers are increasing pressure to allow vaccinations for chickens, turkeys and cows to protect them from bird flu infections that have devastated flocks for three years,
Cyber-Savvy Farmer
