(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle slump on profit-taking, cash caution

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, erasing most of Wednesday’s gains, pressured by profit-taking and caution while awaiting remaining cash prices, traders said. Technical selling contributed to market losses ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday, traders said. USDA will […] Read more





(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle jump

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained sharply on Wednesday, fueled by short-covering in response to higher-than-expected preliminary cash prices, said traders. They said fund buying contributed to market advances. August ended 2.2 cents/lb. higher at 117.275 cents and above the 20-day moving average of 115.838 cents (all figures US$). October […] Read more

(Lisa Guenther photo)

CBOT weekly outlook: Corn, soy seen rising

CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving in turbulent trade with each U.S. weather forecast. “It’s all on raindrops right now,” said Scott Capinegro of Barrington Commodity Brokers. Recent forecasts for rain have pressured corn and soybean markets, though declining crop conditions could provide support moving forward. […] Read more


A Western blot analysis, used to confirm BSE in bovine brain tissue. (Peggy Greb photo courtesy ARS/USDA)

Alabama finds atypical BSE case

Reuters — An 11-year-old cow in Alabama tested positive for bovine spongiform encephalopathy (BSE), the U.S. Department of Agriculture said on Tuesday. The cow tested positive for the atypical L-type of BSE after exhibiting clinical signs at an Alabama livestock market, USDA said in a press release. Atypical BSE can arise spontaneously in cattle herds, […] Read more




(Dave Clark photo courtesy ARS/USDA)

U.S. grains: Corn, soy rise on bargain buying, temperature outlook

Chicago | Reuters — U.S. corn and soybean futures jumped more than one per cent on Friday on bargain buying after steep losses during the past two sessions, traders and analysts said. Midday weather forecasts also predicted hot temperatures next week in the U.S. Midwest, potentially stressing developing crops and further buoying corn and soy […] Read more