Chicago Mercantile Exchange (CME) hog futures closed higher on Tuesday with support from higher cash hog prices, said analysts and traders. Nearby CME hog contracts benefited from bullish spreads with the view that less-expensive corn might cause some producers to feed more animals and thus pressure prices later this year. Still, slack wholesale pork demand[...]
U.S. hog futures rise with cash prices
Monsanto, DuPont reach licensing deal, end lawsuits
DuPont will pay Monsanto at least US$1.75 billion in a new licensing deal as part of an agreement which also dismisses the rivals’ bitter legal battles over rights to technology for genetically modified seeds, the world’s top seed companies said Tuesday. The deal tosses out a $1 billion jury verdict DuPont was ordered to pay […] Read more
USDA report lifts Chicago live cattle futures
Chicago Mercantile Exchange (CME) live cattle futures on Monday turned higher on short-covering after Friday's bullish U.S. Department of Agriculture monthly cattle-on-feed report, analysts and traders said. Friday's data showed a bigger-than-expected drop in the number of cattle placed in feedlots in February as corn remained at historically-high levels. "The cattle report was good news.[...]
Pearce: Level of on-farm investment favours large Canadian farms
The large keep getting larger, and they keep investing more, as well. That’s the one-sentence summary from a new study from the Ivey School of Business Agri-food Innovation Centre. The study, Investment and Growth on Canadian Farms 2001-2009, has determined that Canadian farms saw total investments increase by more than $3 billion during the height […] Read more
Chicago hogs, cattle rally
Chicago Mercantile Exchange (CME) hog futures rallied on Thursday, breaking a four-day losing streak, after the U.S. House of Representatives approved funding to avoid furloughing meat plant inspectors, traders and analysts said. The U.S. Senate passed the measure on Wednesday before the bill moved through the House Thursday morning. Congressional approval fuelled more buying in […] Read more
U.S. soy posts best gain in a month
Chicago Board of Trade (CBOT) soybean futures rose two per cent on Thursday, the biggest one-day advance in a month, on technical buying, tight stocks in the United States and on difficulty shipping soy from top global soy producer Brazil. A spate of speculative and cash-connected buying drove active spot May soy through chart resistance […] Read more
Short-covering lifts U.S. live cattle futures
Chicago Mercantile Exchange (CME) live cattle futures closed moderately higher on Monday, drawing support from short-covering after three straight losing sessions, analysts and traders said. They said firmer wholesale beef prices encouraged buyers. U.S. Department of Agriculture data Monday morning quoted wholesale choice beef at $196.22 per hundredweight (cwt), up 46 cents from Friday; select […] Read more
EU/Canada trade pact may be template for U.S./EU deal
There are still obstacles to a Canada-European Union free trade deal, the prime ministers of Canada and France said Thursday, but both said a deal could smooth the way for a similar EU deal with Washington. The initial end-of-2011 timeline to complete the Canada-EU deal has slipped, and a decision from Europe and the U.S. […] Read more
U.S. live cattle post biggest daily drop in 5-1/2 months
Chicago Mercantile Exchange (CME) live cattle futures on Friday sustained their biggest daily per cent loss, 1.8 per cent, in 5-1/2 months on weaker cash cattle prices, analysts and traders said. CME live cattle losses mounted after wholesale beef prices drifted lower. “What’s really spilled over into the cattle today was the softness in the […] Read more
U.S. soybeans drop for fourth straight day on weak demand
U.S. soybean futures fell for a fourth consecutive session on Friday and posted their steepest weekly drop in two months as processors crushed fewer beans last month than expected and as South American supplies continued to flood the global market. U.S. corn futures slipped from an earlier five-week high but closed near previous levels. Wheat […] Read more
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