Chicago | Reuters — CME hog futures eased on Tuesday, pressured by a government report released after the close on Monday that showed supplies of pork at their highest in two years. The U.S. Agriculture Department on Monday afternoon said that frozen stocks of pork stood at 530.244 million lbs. as of April 30, up […] Read more
U.S. livestock: Hog futures fall as supplies rise
CME live cattle turn lower
U.S. livestock: CME hog futures rise on export prospects
Chicago cattle futures also gain
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Monday, with the front-month contract hitting its highest since April 22, on expectations for a pick-up in demand from top pork consumer China, traders said. The most-active July hog futures contract ended firm for the sixth time in the last seven sessions, but faced […] Read more
U.S. grains: Wheat firms ahead of USDA conditions report
Wheat pulls corn higher, soybeans down
Chicago | Reuters — U.S. wheat futures rose on Monday, snapping a three-session losing streak on a round of bargain buying as traders waited for the latest assessment about crop health. “It is just a bounce back from the bashing it took last week,” said Tom Fritz, commodity broker at EFG Group. “We still have […] Read more
U.S. grains: Wheat futures fall after rains
Chicago soybeans, corn flat
Chicago | Reuters — U.S. wheat futures fell to three-week lows on Friday, led by hard red winter wheat contracts after showers in key growing parts of the U.S. Plains provided a much needed boost to soil moisture, traders said. Corn futures ended unchanged after spiking to their highest in nearly 10 years for the […] Read more
U.S. livestock: Lean hogs fall to lowest since early February
CME cattle also weak
Chicago | Reuters — CME hog futures dropped to their lowest in nearly three months on Friday, pressured by concerns about consumer demand as summer grilling season nears, traders said. Cattle futures also fell. Some end-of-month fund liquidation likely added to the weakness in livestock contracts, traders said. “There is not a whole lot of […] Read more
U.S. grains: Corn edges higher as traders eye Midwest weather
Soybean, wheat futures weak
Chicago | Reuters — U.S. corn futures rose on Thursday, briefly hitting a fresh 10-year high, on forecasts for more showers that will further delay planting in the rain-soaked Midwest, traders said. Soybean futures eased, with traders noting that the slow pace of corn planting could cause an uptick in soybean acres as the calendar […] Read more
U.S. livestock: CME hog futures up off three days of losses
Chicago live cattle down, feeder cattle firm
Chicago | Reuters — CME Group hog futures rose on Thursday, snapping a three-session losing streak that pushed prices to their lowest since March 7 on some mild bargain buying, traders said. But the gains were kept in check by concerns that the growth of the Chinese herd could slow buying demand from the world’s […] Read more
U.S. grains: Soyoil futures rally to record high
Corn hits highest since August 2012
Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when the Russian invasion of Ukraine […] Read more
U.S. livestock: CME cattle, hog futures weak as feeding costs rise
Corn's 'unending rally' drags on feeder cattle
Chicago | Reuters — CME cattle futures fell on Wednesday as traders assessed higher feeding costs due to a sharp gains in corn. Hog futures were also weak, falling for the sixth time in seven sessions, with prospects for more COVID-19 lockdowns in China further chilling the already weak export demand from the world’s top […] Read more
U.S. livestock: CME hog futures fall to lowest since early March
June live cattle up on bargain buying
Chicago | Reuters — CME Group hog futures fell to their lowest in more than seven weeks on Tuesday, pressured by follow-through selling after dropping in four of the previous five sessions with supplies in focus as kill rates were expected to rise. Concerns about lower pork consumption in China due to COVID-19-related lockdowns in […] Read more
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