Chicago | Reuters – Lean hog futures rallied at the Chicago Mercantile Exchange on Friday after falling earlier to contract lows under pressure from increased U.S. production. Cattle futures also climbed. A rise in wholesale prices for U.S. pork helped trigger the turnaround in hogs, analysts said. The U.S. Department of Agriculture priced the pork carcass cutout […] Read more
U.S. livestock: CME hogs rally after contract lows; cattle futures jump
U.S. grains: Corn retreats from two-week high on mixed weather outlook
Chicago | Reuters – Chicago Board of Trade corn futures eased on Friday, a day after hitting a two-week high, as global crop weather looked mixed, analysts said. Wheat and soybean futures also declined, with the strong dollar making U.S. farm products less attractive to importers. Traders are monitoring U.S. weather as corn crops approach a […] Read more
U.S. livestock: Lean hog futures retreat as wholesale US pork prices sag
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures backpedaled on Thursday from a one-week high reached during the previous session, while live cattle futures strengthened. Hog futures eased after wholesale U.S. pork prices pulled back from a jump on Tuesday. The U.S. Department of Agriculture priced the pork carcass cutout at $97.02 per […] Read more
U.S. grains: Corn hits two-week high as US, global weather worries lift grains
Chicago | Reuters – Chicago Board of Trade corn futures set a two-week high on Thursday on concerns about rising temperatures in the U.S. farm belt. Global weather worries also helped support grain markets, after the U.S. Department of Agriculture trimmed its outlook for world 2024-25 corn and wheat ending stocks in a monthly report on Wednesday. […] Read more
USDA cuts Russian wheat crop estimate after damaging frosts
Chicago | Reuters – The U.S. Department of Agriculture cut its forecasts for Russian wheat production and exports on Wednesday, after Moscow declared federal emergencies over crop losses due to unfavourable weather. Increasing concerns about damage from drought and frosts in Russia, the world’s biggest wheat supplier, drove Chicago board of Trade wheat futures to 10-month highs in May […] Read more
Bird flu reported in Iowa dairy herd, expanding US outbreak in cows
Iowa, which is projected to be the tenth biggest milk-producing state this year, is the first new state to find an infected dairy herd since the U.S. confirmed an outbreak in Colorado on April 26.
U.S. livestock: Lean hogs hit January low on concerns over Mexican demand
Lean hog futures dropped to their lowest price since January at the Chicago Mercantile Exchange on Tuesday as weakness in the Mexican peso fueled worries over demand in the biggest export market for U.S. pork, traders said.
Bird flu infects third US dairy worker; Michigan set to expand testing
A third U.S. dairy worker tested positive for bird flu after exposure to infected cows, and was the first to suffer respiratory problems, U.S. officials said on Thursday.
JBS says China blocks beef from US plant over detection of ractopamine
Processor JBS said on Wednesday that Beijing blocked U.S. beef shipments from the company's plant in Greeley, Colorado, because traces of the feed additive ractopamine were identified in beef destined for China.
U.S. grains: Wheat rises 7 per cent this week on Russia crop worries
Chicago Board of Trade wheat futures closed nearly flat on Friday but rose seven per cent for the week as concerns grew over crop losses in Russia and other exporting countries.
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