Chicago | Reuters — U.S. live cattle futures rose for the third day in a row on Monday, hitting their highest since April 1, with ongoing strength in the cash markets leading the way higher, traders said. Hog contracts were lower, with the front-month contract sinking to its lowest since April 29. The nearby CME […] Read more
U.S. livestock: Live cattle book third day of gains
CME to change cattle futures trading rules
U.S. grains: Corn, soybean futures down off gains
Chicago wheat also weak
Chicago | Reuters — U.S. corn and soybean futures fell on Friday after three straight days of gains as investors took some risk out of the market due to demand uncertainty stemming from the global coronavirus pandemic, traders said. Wheat futures also were lower, with forecasts for some rain in key production areas of Europe […] Read more
U.S. livestock: Profit-taking, technical selling pressure hogs, live cattle
Chicago | Reuters — U.S. hog and live cattle futures eased on Friday, with end-of-week profit-taking and technical selling pressuring the livestock markets, traders said. Strong consumer demand for pork underpinned the hog futures, which rose 17.4 per cent this week. “The pork product markets continue to scream higher and have begun to pull lean […] Read more
U.S. livestock: Cattle futures weaken, hog contracts rise
Chicago | Reuters — CME Group hog futures rose on Thursday while cattle futures eased as traders struggled to assess the long-term demand impacts of the global coronavirus pandemic. “For livestock, traders are still trying to figure out where to take this market given the uncertainty of meat demand for the rest of the year,” […] Read more
U.S. grains: Export hopes push soy, corn, wheat futures higher
Chicago | Reuters — U.S. soybean, corn and wheat futures rose on Thursday as recent declines spurred demand for imports of all three commodities, traders said. Bargain-buying and short-covering contributed to the bullish tone following a sharp sell-off across the commodities market as the coronavirus pandemic roiled demand. “None of the major commodities have a […] Read more
U.S. grains: Corn gains on short-covering
Soy firms on export deal
Chicago | Reuters — U.S. corn futures rose 2.4 per cent on Wednesday as traders unwound bearish bets following the market’s decline to its lowest since September 2009 on Tuesday, traders said. “Corn got down to the lowest prices yesterday we have seen in many years, and we have a short-covering bounce,” said Greg Grow, […] Read more
U.S. livestock: Lean hog, live cattle futures fall on plant shutdowns
Chicago | Reuters — U.S. hog and live cattle futures eased on Wednesday, with the cash market for the animals weak as processing plants were forced to shut down due to the coronavirus outbreak, traders said. Tyson Foods will indefinitely suspend operations at its largest U.S. pork plant to contain the spread of the coronavirus, […] Read more
U.S. grains: Corn hits lowest since September 2009
Soybeans firm on bargain buying; wheat mixed
Chicago | Reuters — U.S. corn futures fell 1.4 per cent on Tuesday to a fresh 10-1/2-year low as crumbling demand for fuel due to the global coronavirus pandemic threatened the ethanol sector. “They are taking their cue from energy,” said Mark Schultz, chief market analyst at Northstar Commodity. “It is a pretty tough business […] Read more
U.S. livestock: Hog futures firm
Cattle futures slip with stock sell-off
Chicago | Reuters — CME Group hog futures advanced for the second day in a row on Tuesday, with supplies remaining tight due to shutdowns at slaughterhouses due to the coronavirus pandemic. Cattle futures were weaker, pressured by a sharp drop in equity markets. “Cattle are more closely tied with the economy,” said Don Roose, […] Read more
U.S. livestock: Hog futures rise on supply woes
CME cattle contracts ease
Chicago | Reuters — U.S. hog futures rallied on Monday, with supply expected to tighten after another slaughterhouse was shut down due to the coronavirus pandemic, traders said. “If we have packers up and running we know we have the domestic demand,” said Ted Seifried, chief market strategist for Zaner Ag Hedge. “It is just […] Read more
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