CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Live cattle gain on grain market uncertainty

Lean hogs down with cash market

Chicago | Reuters — U.S. live cattle futures gained on Thursday, as mixed grain trade offered some relief for feed costs, while strong beef demand continued to support prices, traders said. CME’s June live cattle futures added 0.6 cent to 116.05 cents/lb., while August feeder cattle futures gained 0.975 cents to close at 149.875 cents/lb. […] Read more

CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hog futures gain as supply outlook wanes

Live cattle ease on higher grain prices

Chicago | Reuters — U.S. lean hog futures climbed on Wednesday, supported by tight supplies and low inventory of available young hogs for producers as summer demand ramps up, traders said. CME most-active June lean hogs added 2.45 cents, to 109.125 cents/lb., with all contract months but June notching life-of-contract highs (all figures US$). “Tighter […] Read more


ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (light yellow, dark yellow, dark green lines). (Barchart)

ICE weekly outlook: Challenging crop year ahead for canola

MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for PI Financial in Winnipeg. “That […] Read more



CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn, wheat, soybeans ease on profit-taking

Focus on weather as corn, soy stocks ebb

Chicago | Reuters — Chicago corn, wheat and soybean futures eased on Wednesday on profit-taking after climbing in earlier trading as traders assessed weather risks to crops in Brazil and the U.S. The most-active corn contract on the Chicago Board of Trade (CBOT) lost 10-1/2 cents to $6.44 per bushel, while the nearby May contract […] Read more

CBOT July 2021 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn, wheat, soy step back after reaching new eight-year highs

Wheat at highest since February 2013 after U.S. crop rating fall

Chicago | Reuters — Chicago corn, wheat and soybean futures ended Tuesday lower after extending a rally to eight-year highs, supported by corn supply worries as adverse weather cast early doubts over harvest prospects in top exporters Brazil and the United States. A sharp decline in weekly U.S. wheat crop ratings also kept the focus […] Read more


CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, dark red lines). (Barchart)

U.S. livestock: Live cattle ease on higher grain costs

Feeder cattle, lean hogs mixed

Chicago | Reuters — U.S. live cattle futures eased on Tuesday, as higher input costs could lead to near-term selling of cattle as producers are resistant to paying higher feed costs, traders said. “You’ve got your cost of gains climbing and climbing,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “Could be some […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle divorce from futures’ direction

Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Higher-quality yearlings and calves were steady to $4 higher in Alberta and Saskatchewan; in Manitoba, yearlings traded $2-$4 lower while calves were $3-$5 higher. Domestic cattle markets appeared to divorce from feeder and live cattle futures. June live cattle futures finished the week […] Read more


CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn nears eight-year high on tight supplies

Wheat, soybeans at 2013 peak

Chicago | Reuters — Chicago corn futures climbed on Monday to their highest since June 2013 as concerns about South American supplies buoyed the market. Strength in corn pulled wheat and soybeans to eight-year highs. Chicago Board of Trade most-active July corn ended limit up at $6.57-1/2 per bushel (all figures US$). July soybeans gained […] Read more

CME August 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, dark red lines). (Barchart)

U.S. livestock: Cattle futures climb on USDA report

Lean hog futures' gains continue

Chicago | Reuters — U.S. live cattle futures gained on Monday, supported by Friday’s monthly Cattle on Feed report that showed smaller-than-expected placements, traders said. Chicago Mercantile Exchange June live cattle futures settled 0.55 cent higher at 116.275 cents/lb. while the August contract ended 1.1 cents higher at 117.95 cents (all figures US$). “It wasn’t […] Read more