Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied to contract highs on Tuesday but ended mixed, with nearby contracts pressured by ideas that beef prices are topping out after a surge to nearly 15-month highs, traders said. Deferred live cattle contracts, however, were higher on the day on concerns about tight cattle […] Read more
U.S. livestock: CME cattle futures post new highs, end mixed
Hogs down on supply outlook
U.S. grains: Soybeans, wheat gain in commodities rebound
Biofuel worries cap corn
Chicago | Reuters — U.S. soybean futures firmed on Monday in a modest recovery from last week’s two-month low as crude oil markets rebounded and lifted soyoil prices more than three per cent, traders said. Wheat also gained as the U.S. dollar softened and as weekly export inspections topped trade expectations. Corn was flat to […] Read more
U.S. livestock: CME cattle rebound on improving cash markets, beef prices
CME lean hogs also up off Thursday losses
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rebounded from prior-session losses on Friday, supported by signs of improving cash cattle prices and firming wholesale beef values, traders said. Prices, however, continued to struggle to break out of their recent trading range as concerns about slowing global economic growth and rising […] Read more
U.S. livestock: CME cattle, hogs drop in broader commodities sell-off
Investors take 'risk-off' approach, U.S. dollar surges
Chicago | Reuters — Cattle and hog futures on the Chicago Mercantile Exchange fell on Thursday, tracking broader market pressure amid worries about global growth and despite rising prices for beef and pork, traders said. Crude oil fell to its lowest levels since May and the U.S. dollar surged to a nine-month high, as rising […] Read more
U.S. livestock: CME cattle up on firm cash market, beef prices
Speculative buying, cash pork prices lift lean hogs
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange firmed on Wednesday on higher cash cattle and beef prices, while feeder cattle gained as rains were forecast to hit drought-parched grazing pastures in the western Midwest and northern Plains, traders said. The U.S. Department of Agriculture (USDA) reported moderately active cattle sales […] Read more
The Andersons to pay debt, invest in core units after rail business sale
Renewable fuels, specialty foods investments considered
Chicago | Reuters — U.S. grain handler The Andersons plans to use US$550 million from the sale of its rail leasing business to pay down debt and invest in sustainable farming and low carbon initiatives in its core grain and fertilizer units, CEO Pat Bowe told Reuters on Tuesday. Maumee, Ohio-based Andersons sold its rail […] Read more
Millers, bakers fret as drought withers North America’s spring wheat
Reuters – Millers and bakers are draining wheat reserves and paying more for spring wheat used in baking, as drought shrivels crops across the Canadian Prairies and northern U.S. Plains that produce more than half of the world’s supply. U.S. and Canadian farmers are bracing for a sharply smaller spring wheat harvest due to the […] Read more
Southern, eastern North Dakota spring wheat yields hurt by drought
Mandan, N.D. | Reuters – Spring wheat yields in southern and east central North Dakota are well below average as a severe drought slashed production potential in the country’s top producing state, scouts on an annual crop tour said on Tuesday. Crop scouts calculated an average spring wheat yield at 29.5 bushels per acre (bpa) […] Read more
U.S. livestock: Hogs drop on weaker pork, falling prices in China
Live cattle down with cash beef prices; feeder cattle up as corn eases
Chicago | Reuters — U.S. lean hog futures fell sharply on Monday, continuing a retreat from multi-year highs set earlier this month as cash pork prices dropped and worries increased about Chinese import demand for U.S. pork. Technical selling and profit-taking have sped the multi-session decline after the actively traded Chicago Mercantile Exchange August lean […] Read more
U.S. grains: Soybeans firm on long-term forecast, China demand
Wheat mixed on winter crop harvest, spring wheat drought
Chicago | Reuters — U.S. soybean futures advanced on Monday on renewed buying by China and as concerns lingered about dry conditions in western portions of the Midwest farm belt despite scattered storms over the weekend. Corn futures were mostly lower as rain in the central corn belt boosted crop prospects, while wheat was mixed […] Read more
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