Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand. U.S. stocks rose, with the S+P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns […] Read more
Author Archives
U.S. livestock: Cattle rise on economic optimism, discount to cash prices
U.S.-China tensions keep hogs in check
U.S. livestock: Cattle, hog futures follow equities higher
August feeder cattle close limit-up
Reading Time: < 1 minute Chicago | Reuters — U.S. cattle and hog futures rallied on Tuesday in tandem with rising stock markets as optimism about developing coronavirus vaccines and the revival of business activity buoyed livestock markets battered by the coronavirus pandemic. Supportive cattle and meat supply data from the U.S. Department of Agriculture late last week showing accelerated […] Read more
U.S. grains: Soybeans firm on China demand, economic optimism
Equities rally as economies reopen, dollar eases
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures firmed and soybeans posted their strongest advance in a month on Tuesday as rising equities and energy markets and a weakening U.S. dollar triggered short-covering in commodities battered by the coronavirus pandemic. Wheat followed corn and soy higher but reversed course amid forecasts for crop-boosting rains in rival […] Read more
Cargill-led fund to pay U.S. farmers for carbon capture
Reading Time: 2 minutes Reuters – Global commodities trader Cargill Inc. starting this spring plans to pay American farmers for capturing carbon in their field soils and reducing fertilizer runoff, an executive said. The Soil and Water Outcomes Fund, a partnership with the Iowa Soybean Association and third-party verification company Quantified Ventures, will then sell the environmental credits created […] Read more
U.S. livestock: June cattle limit up on surging beef prices, meat shortages
Lean hogs down on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures surged by their daily trading limits for a second straight session on Thursday on soaring beef prices and concerns about meat shortages because of recent packing plant closures due to the coronavirus. Shuttered slaughterhouses across North America due to the pandemic have left ranchers nowhere to ship […] Read more
U.S. grains: Futures rebound on Chinese buying, Midwest frost concerns
Freezing forecast raises concern about Midwest crops
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures prices rebounded on Thursday on renewed Chinese buying of corn and soy and as forecasts for sub-freezing temperatures across the country stoked concerns that some vulnerable crops may sustain damage. Gains, however, were tempered by plentiful supplies and worries about demand as traders started positioning ahead […] Read more
Bunge to sell 35 U.S. elevators to Zen-Noh Grain
Reading Time: 2 minutes Chicago | Reuters — Agricultural commodities trader Bunge said on Tuesday it will sell 35 of its interior U.S. grain elevators to Zen-Noh Grain, dramatically reducing its grain origination network in the United States. Financial details of the sale with the subsidiary of Japan’s Zen-Noh Group were not disclosed, and the deal is subject to […] Read more
U.S. announces coronavirus aid for farmers, food buys for poor
Direct payments, mass purchases planned
Reading Time: 2 minutes Chicago | Reuters — President Donald Trump on Friday announced a $19 billion relief program to help U.S. farmers cope with the impact of the coronavirus, including $16 billion in direct payments to producers and mass purchases of meat, dairy, vegetables and other products (all figures US$). The U.S. Agriculture Department is partnering with regional […] Read more
U.S. livestock: June hogs, cattle plunge limit down
COVID-19 shuts more U.S. meat processors
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures tumbled on Monday on worries about declining U.S. meat processing capacity after Smithfield Foods announced Sunday it would indefinitely shut one of its pork plants due to novel coronavirus infections among workers. The closure at Sioux Falls, S.D., affecting four to five per cent of U.S. pork production, […] Read more
U.S. livestock: Hog futures hit 17-1/2-year low
Cattle also sink as virus measures disrupt markets
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures fell on Friday to the lowest point since late 2002 on tumbling pork prices and slowing slaughter rates as measures to control the COVID-19 coronavirus pandemic shuttered schools and restaurants and sent U.S. unemployment rates soaring. Cattle futures also dropped as wholesale beef and cash feedlot cattle prices […] Read more
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