Chicago | Reuters — U.S. grain and soybean futures jumped to their highest levels in more than a week on Wednesday as rains threatened to further delay corn and soy plantings and put crop yields at risk. The gains came a day after the U.S. Department of Agriculture (USDA) on Tuesday cited “unprecedented planting delays” […] Read more
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U.S. grains: Corn, soybeans rally as rains threaten more planting problems
U.S. livestock: Cattle, hog futures sag under pressure from big supplies
Chicago | Reuters — U.S. livestock futures weakened on Wednesday under pressure from large numbers of cattle and hogs and uncertainty over demand, traders said. Declines in the markets reflected expectations that meat supplies will remain plentiful, after farmers expanded their herds. Beef production in the third quarter of 2019 is expected to top seven […] Read more
U.S. livestock: Hog futures pull back on large supplies
Chicago | Reuters — U.S. hog futures tumbled on Tuesday as traders said a rally the previous day looked overdone in the face of large supplies. Feeder cattle futures also weakened, while live cattle futures closed higher. Hog futures pulled back after climbing on Monday, when traders were relieved that U.S. President Donald Trump had […] Read more
U.S. grains: Corn seesaws, soy rises on planting uncertainty
Chicago | Reuters — U.S. corn futures veered between gains and losses while soybean futures rose on Monday as planting delays fueled uncertainty over the size of the nation’s crops. Heavy rains delayed plantings the spring and traders remain unsure about how many acres of corn and soy will actually be planted and how much […] Read more
U.S. livestock: Hog futures advance after Trump calls off Mexico tariffs
Chicago | Reuters — U.S. hog futures rose on Monday as traders were relieved President Donald Trump had called off plans to impose tariffs on imports of Mexican goods, which means no retaliatory duties by Mexico on U.S. products like pork. Live cattle futures rose by the daily price limit. Traders remained on edge about […] Read more
U.S. to favour soybeans in trade war aid for farmers
Washington/Chicago | Reuters — The Trump administration is considering direct payments to U.S. farmers of $2 per bushel for soybeans as part of an aid package to offset the trade war with China, Bloomberg reported on Tuesday, an offer that could encourage more soy planting despite record supplies. China is the world’s top soybean importer, […] Read more
U.S. to begin testing sick and dead pigs for African swine fever
Chicago | Reuters — The U.S. Department of Agriculture within weeks will begin testing sick and dead pigs for a hog virus that has killed herds across Asia in an effort to minimize devastation if the disease enters the United States, the agency said on Thursday. Increased testing aims to help U.S. officials detect cases […] Read more
U.S. plans more aid for farmers amid China trade spat
Chicago/Washington | Reuters — U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Trump had asked him to create a plan to help U.S. farmers cope with the heavy impact of the U.S.-China trade war on agriculture. A new aid program would be the second round of assistance for farmers, after the Department […] Read more
U.S. grains: Soy sinks to decade low as China trade war escalates
Chicago | Reuters — U.S. soybean futures sank to their lowest prices in more than a decade on Friday as U.S. President Donald Trump said he was in no hurry to sign a deal to end the trade war with Beijing, a dispute that has slashed U.S. exports of the oilseed to China. Wheat futures […] Read more
U.S. livestock: Escalating trade war pressures CME hog futures
Chicago | Reuters — Concerns about a prolonged trade war between the United States and China pressured U.S. lean hog futures on Friday, while cattle futures advanced. U.S. and Chinese negotiators ended two days of talks to try to salvage a trade deal in Washington on Friday after the U.S. imposed a new set of […] Read more
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