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U.S. livestock: Cattle drop sharply, hogs mixed

Chicago cattle futures fell on Tuesday on a hefty technical correction. “I think that’s what we’re seeing now. A correction,” wrote analyst Jefferson Fosse with Walsh Trading. Most-active October live cattle contracts closed at 230.175 cents a pound, down 5.625 cents. December contracts closed down 6.400 cents to 231.175 cents per pound. The market has […] Read more

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U.S. grains: Soybeans, corn, wheat ease, traders eye USDA crop report

Chicago | Reuters – Chicago corn, soybean, and wheat futures eased on Tuesday as traders squared positions before a U.S. government supply and demand report this week. Wheat ticked down with falling Russian export prices, analysts said. Market participants are awaiting the U.S. Department of Agriculture’s global supply and demand estimates on Friday. In a […] Read more