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
U.S. livestock: CME lean hogs firm on tight hog supplies
Live cattle down off last week's gains
U.S. grains: Soybeans rally, following soymeal gains
Wheat capped by big Argentina, Australia crops
Chicago | Reuters –– Chicago soybean futures rallied on Friday, supported by soymeal demand and weather issues in South America. Corn followed higher, although crops in Argentina and Brazil are likely less impacted by drought in the region as they have more time to benefit from rainfall expected later this month. Wheat rebounded from a […] Read more
U.S. livestock: CME live cattle, lean hogs fall on weaker slaughter
Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures fell on Friday as sluggish slaughter rates continue to drag on prices, traders said. “They’re both facing the same fundamental music – this slaughter disruption due to weather, labour tightness and COVID,” said Dennis Smith, commodity broker at Archer Financial. CME February […] Read more
U.S. grains: Soybeans ease after weather rally
Corn firms, wheat slips to nearly three-month low
Chicago | Reuters — Chicago soybean futures dipped on Thursday as broad selling in financial markets countered weather concerns in South America that had pushed prices to a five-month high. Corn ended just above even, paring losses as private estimates of South American crops fell further due to hot, dry conditions in the region. Wheat […] Read more
U.S. livestock: CME live cattle futures firm
Cash cattle prices provide support; lean hogs also firm with cash index
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures moved higher on Thursday, supported by cash cattle prices in the northern U.S. Plains, analysts said. “We’ve been under some pressure recently, but the cash trade was still at $138 to $140,” said Doug Houghton, technical analyst at Brock Capital Management (all figures US$). “That’s […] Read more
U.S. livestock: CME live cattle down on lagging slaughter rates
Lighter supplies support lean hog futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased for a fifth consecutive session on Wednesday, pressured by lagging slaughterhouse production, analysts said. “We’re just not processing cattle fast enough. Some of the supply chain bottle necks that have affected the cattle market up to this point, they still remain in play,” said […] Read more
U.S. grains: Soybeans up with session peak highest since July
Corn, wheat ease
Chicago | Reuters — Chicago soybeans ended stronger on Wednesday after trading both sides of even and hitting the highest in nearly five months, supported by extreme weather in South America that could result in yield losses. Corn eased after also rallying on South American weather risks, while wheat followed. The most-active soybean contract on […] Read more
U.S. livestock: CME live cattle, lean hogs dip on regulatory concerns
Biden proposal seen improving producers' cut of price
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday, pressured by new federal efforts to address a lack of competition in the U.S. meat processing sector. The initiative, announced by U.S. President Joe Biden on Monday, includes funding for more independent meat processors, strengthening enforcement of the Packers and Stockyards Act, […] Read more
U.S. grains: Soybeans, corn supported by South America dryness
Wheat ratings decline in Kansas, Oklahoma, USDA says
Chicago | Reuters — Chicago soybean and corn futures climbed on Tuesday, underpinned by dry weather in parts of South America that could hurt yields in rival export markets, while wheat rose after a three-session decline. The most-active soybean contract on the Chicago Board of Trade (CBOT) closed 34-1/4 cents higher at $13.89-3/4 a bushel, […] Read more
U.S. livestock: Nearby CME live and feeder cattle futures ease
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday, remaining near recent highs as back-month contracts climbed to new highs on expectations of tighter supplies to come. CME February live cattle futures settled down 0.775 cent at 138.925 cents/lb., though back-month contracts starting with August 2022 found new life-of-contract highs (all […] Read more
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