Chicago | Reuters — Exports of U.S. distillers’ dried grains to Thailand have stopped due to new fumigation requirements installed after beetles were discovered in a shipment last year, U.S. traders said on Friday. Thai government officials said U.S. shipments required certificates showing they had been “properly fumigated.” Traders said sales had effectively been halted […] Read more
Beetles halt U.S. DDGs exports to Thailand
U.S. livestock: Cattle ease on technical selling after steady cash sales
Chicago | Reuters — U.S. cattle futures eased as much as one per cent on Thursday, weighed down by technical selling and steady deals in cash markets in the southern Plains, traders and analysts said. Live cattle futures weakened for the fourth straight session on the Chicago Mercantile Exchange. The market had climbed to life-of-contract […] Read more
U.S. livestock: Hogs jump on hopes of pork exports to China
Chicago | Reuters –– U.S. lean hog futures jumped to a nearly two-week high on Wednesday on speculation that exports of U.S. pork to China will rise in the coming months, traders and analysts said. Representatives from the U.S. and China were negotiating to end the trade war between the world’s biggest economies that has […] Read more
U.S. livestock: Cattle weaken on profit-taking, hogs firmer
Chicago | Reuters — U.S. live cattle futures finished slightly lower on Monday as traders locked in profits in end-of-year position squaring, after prices earlier touched contract highs, traders said. Lean hog futures were mostly higher, buoyed by short-covering and position squaring on the final trading day of the month, quarter and year. Cattle futures […] Read more
U.S. livestock: Cattle edge higher on technical buying, weather
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures edged higher on Friday, buoyed by technical buying and as wintry weather in the U.S. Plains hampered transportation of animals to market, traders and analysts said. Heavy snowfall, rains and falling temperatures in much of the central U.S. stressed livestock, likely slowing weight gains in […] Read more
U.S. livestock: Cattle jump to contract highs
Chicago | Reuters — U.S. cattle futures climbed to life-of-contract highs on Thursday as a storm brought blizzard-like conditions to much of the Plains cattle belt, stoking expectations of higher prices for the animals in cash markets, traders said. Heavy snow could impede transportation of cattle to market in Nebraska, Kansas, Oklahoma and elsewhere while […] Read more
U.S. livestock: Cattle, hogs mostly higher on technical buying
Chicago | Reuters — U.S. livestock futures were mostly higher on Wednesday, with cattle buoyed by expectations for gains in cash markets while hogs climbed on short covering after staying above Monday’s six-week lows, traders and analysts said. Prices for both cattle and hogs moved in relatively narrow ranges on the Chicago Mercantile Exchange (CME) […] Read more
U.S. livestock: Hogs slump on technical selloff, cash worries
Chicago | Reuters — U.S. lean hog futures declined as much as 1.4 per cent on Monday in technical selling and worries of weaker prices for hogs in cash markets, traders and analysts said. Cattle futures, meanwhile, were mostly higher on light chart-based buying in an abbreviated session at the Chicago Mercantile Exchange ahead of […] Read more
U.S. ethanol producers seek reforms as markets plunge, ADM sells
New York/Chicago | Reuters — U.S. ethanol producers stung by collapsing prices are seeking changes to the way benchmark values for the biofuel are established, arguing the current system used by exchanges is vulnerable to manipulation, according to sources. The push comes as the key farm belt industry struggles with weak demand growth, a loss […] Read more
U.S. livestock: Cattle hit six-week high on technical buying
Chicago | Reuters — U.S. live cattle futures rose sharply for the second straight session on Wednesday, reaching a six-week high, on technical buying and expectations that beef packers would pay higher prices for cattle this week, traders said. Cattle futures had declined earlier on Tuesday before turning higher and then surpassing the previous session’s […] Read more
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