CME April 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME live cattle lower, strong slaughter data supportive

Hogs also trade higher, end lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower despite finding new contract highs on Thursday, pressured by lower movement across the agricultural commodities late in the trading session, though tight cattle supplies underpin the market, traders said. “Demand in general still is in good shape. You’re going to have incrementally fewer […] Read more




A drought-hit cornfield at Nao-Me-Toque in Brazil’s Rio Grande do Sul state on Jan. 9, 2022. (Photo: Reuters/Diego Vara)

CBOT weekly outlook: More adjustments expected after lacklustre USDA report

MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture on Wednesday included only minor revisions, with the lacklustre report doing little to move the market. While South American production numbers were revised lower, further downward revisions are likely in subsequent reports, according to a market analyst. “We were a little surprised the USDA […] Read more


CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

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

CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

U.S. grains: Soybeans dip ahead of USDA report

Wheat underpinned by U.S. dryness

Chicago | Reuters — Chicago soybean prices fell on Tuesday, a day after hitting an eight-month high, ahead of the U.S. Agriculture Department’s monthly global supply and demand assessment that is expected to downgrade South American crop production. Corn also eased, while wheat firmed, underpinned by ongoing dryness across the U.S. southern Plains. The Chicago […] Read more


CME April 2022 lean hogs (candlesticks) with 20- and 100-day moving averages (dark red and black lines) and CME lean hog index (pink line). (Barchart)

U.S. livestock: CME hogs up as processors seek market-ready supply

Weaker corn futures support feeder cattle

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday, supported by cash prices as packers attempted to pull market-ready hogs forward to slaughter, analysts said. “Packers are clearly chasing hogs. The supply of butcher hogs is not enough to meet demand,” said Dennis Smith, commodity broker at Archer Financial. CME April […] Read more



CBOT March 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: South American dryness lifts soybeans, corn

Wheat also up

Chicago | Reuters — Chicago soybean futures on Monday rose to eight-month highs, underpinned by concerns over possible reduced supplies from weather-damaged South American harvests. Corn also climbed on South American dryness, while wheat followed higher. Markets are also positioning ahead of world grain and oilseed supply and demand forecasts from the U.S. Department of […] Read more

CME April 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME lean hogs firm on tight hog supplies

Live cattle down off last week's gains

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Monday, supported by fewer market-ready hogs and diminished pork supplies, analysts said. “There just isn’t much extra pork laying around,” said Alan Brugler, president of Brugler Marketing. CME April lean hogs settled 1.2 cents higher at 101.275 cents/lb., notching a new life-of-contract high. […] Read more