Chicago cattle futures resumed their upward trajectory on Tuesday after Monday's dip, which had been influenced by threats by U.S. President Donald Trump to sack the Federal Reserve chair.
Chicago wheat futures rose on Thursday, supported by concerns that forecasted rain will not be enough to alleviate dryness in some U.S. wheat production regions, analysts said.
Chicago live cattle and feeder contracts rose on Thursday as the USDA's cattle on feed report showed cattle inventory down two per cent compared to one year ago.
Chicago soybean futures gained strength on Wednesday from a weaker dollar and a report that China would be open to trade negotiations with the U.S., though big supplies from South America and nearly nonexistent Chinese demand for U.S. beans continued to loom over the market, analysts said.
Chicago soybean futures fell on Tuesday, a day after hitting a seven-week high, under pressure from weak demand from top buyer China amid an escalating trade war and Brazil's bumper soybean harvest.
U.S. wheat futures fell on Monday, pressured by forecasts for improving weather in dry areas of the Plains production belt and spillover weakness as European wheat futures hit one-year lows, brokers said.
Chicago wheat futures rallied Friday as the dollar weakened against other major currencies, while corn firmed on U.S. Department of Agriculture data and soybeans climbed, unruffled by the latest hike in China's retaliatory tariffs against U.S. goods.