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(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Hogs, cattle firm on pre-holiday technical buying

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Chicago | Reuters — U.S. lean hog futures gained one per cent on Wednesday while live and feeder cattle each rose modestly, boosted by technical buying and good demand from meat packers ahead of Thursday’s U.S. Thanksgiving Day holiday, traders said. Chicago Mercantile Exchange December lean hogs notched a two-month high, before finishing just below […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs falter on profit-taking after two-month high

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Chicago | Reuters — U.S. hog futures eased about one per cent on Tuesday as investors locked in profits after prices earlier climbed to the highest levels in more than two months, traders and analysts said. Chicago Mercantile Exchange live cattle futures were slightly higher and feeder cattle narrowly lower, in largely technically-driven trade ahead […] Read more
(Keith Weller photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans climb to four-month high

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Chicago | Reuters — Chicago Board of Trade soybean futures hit a four-month high on Tuesday on strength in Chinese soy markets and technical buying, analysts said. Corn inched higher while wheat closed mixed ahead of the U.S. Thanksgiving holiday on Thursday. Chicago Board of Trade soybeans for January delivery settled up 9-3/4 cents at […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder cattle jump on positive outlook

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Average prices for steer and heifer calves jumped $8-$10 this past week with some buyers reporting values as much as $15 above week-ago levels. Feedlot operators could feel it in their bones earlier in November and there were no strings attached on orders flowing across the Prairies. Favourable weather reinforced the narrow premium of weaned […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Ample supplies drop hogs

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday fell for a third consecutive session, dragged down by weaker cash and wholesale pork prices amid abundant seasonal supplies, said traders. December closed down 0.775 cent/lb. to 46.125 cents, and February ended 0.7 cent/lb. lower at 52.9 cents (all figures US$). “There are […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle finish mostly firmer

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Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts on Monday finished modestly higher after investors sold December futures and simultaneously bought deferred months in a trading strategy known as bear-spreading, traders said. December live cattle closed down 0.025 cent per pound at 105.575 cents (all figures US$). February ended up 0.225 cent […] Read more
USDA boosts crop yield forecast
Markets

USDA boosts crop yield forecast

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Washington/Reuters – The U.S. Agriculture Department raised its already record-high forecast for U.S. corn and soybean harvests Nov.9, with gains keyed by increased yield estimates in major production states such as Iowa, Minnesota and Ohio. The bumper harvest will leave a larger-than-expected stockpile of both commodities even with increased usage forecasts, the government said in […] Read more

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