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Tom Polansek


Stories by Tom Polansek

Live cattle futures LEG24 on Dec. 19 with 20, 50 and 100 day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures fall on technical trading ahead of reports

Lean hog futures also ended the day lower

By Reuters, Tom Polansek December 19, 2023
Chicago Mercantile Exchange cattle futures closed lower on Tuesday on technical trading and investors adjusting their positions ahead of a series of key government reports, analysts said.

Live cattle LEG24 for Dec. 18 with moving averages for 20, 50 and 100 days. (Barchart)
Markets

U.S. livestock: Cattle extend advances on technical buying, firm equities

Lean hogs end slightly down after early jump

By Reuters, Tom Polansek December 18, 2023
Chicago Mercantile Exchange live cattle and feeder cattle futures closed higher on Monday on technical buying and support from firmer equities, analysts said.


CME lean hogs HEG24 on Dec. 15, with moving averages at 20, 50 and 100 days. (Barchart)
Markets

U.S. livestock: CME hogs, cattle close at highest levels since November

Gains in the stock market supported livestock futures, analyst says

By Reuters, Tom Polansek December 15, 2023
Chicago | Reuters -- Chicago Mercantile Exchange hog and cattle futures closed at their highest levels since November on Friday as short covering lifted the livestock markets, traders said.

CBOT soybeans ZSF24 as of Dec. 15 (Barchart).
Markets

U.S. grains: Soy posts first weekly gain in 1-1/2 months

Traders waited to see whether beneficial rains will arrive in dry areas of Brazil

By Reuters, Tom Polansek December 15, 2023
Chicago | Reuters -- U.S. soybean futures finished higher in the nearby contract and lower in deferred months on Friday as traders waited to see whether beneficial rains will arrive in dry areas of Brazil as expected.

Photo: Thinkstock
Markets

U.S. livestock: CME lean hogs jump following recent slide

Live cattle futures have bounced a bit after sinking last week to a 14-month low

By Reuters, Tom Polansek December 14, 2023
Lean hog futures climbed at Chicago Mercantile Exchange on Thursday as the market rebounded from recent losses amid short covering and hopes that cash prices may have reached a bottom, analysts said.


January 2024 CBOT soybeans as of Dec. 14, 2023, with moving averages over 20, 50 and 100 days. (Barchart)
Markets

U.S. grains: Soy futures rise amid US export demand

China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts

By Reuters, Tom Polansek December 14, 2023
Chicago | Reuters -- Chicago Board of Trade soybean futures settled higher on Thursday on steady U.S. export demand and weakness in the dollar, analysts said.

Sides of pork in cold storage. (Agnormark/iStock/Getty Images)
Livestock, Markets

U.S. livestock: CME hogs decline further as cattle face renewed pressure

"I think we're still trying to hunt for a bottom": analyst

By Reuters, Tom Polansek December 13, 2023
Chicago Mercantile Exchange lean hog futures extended a slump, as live cattle futures came under renewed pressure with broad selling hitting agricultural markets on Wednesday.

Photo: iStock/Getty Images

U.S. grains: Soy futures end down as traders eye Brazil weather

Wheat and corn futures advance

By Reuters, Tom Polansek December 12, 2023
Chicago Board of Trade soybean futures backpedaled on Tuesday after reaching their highest price in December as traders assessed risks from unfavorable crop weather in Brazil.


Photo: Thinkstock
Markets

U.S. livestock: CME cattle rise with boxed beef prices, bounce from recent decline

CME lean hogs hit lowest price since Nov. 28 contract low

By Reuters, Tom Polansek December 11, 2023
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures advanced on Monday as wholesale beef prices increased and the market rebounded from a 2% slide last week, brokers said.

(SmithfieldFoods.com)
Markets

Smithfield Foods ends contracts with 26 US pig farms, citing oversupply

American pork producers have been losing money as pig prices, consumer demand bump against high costs

By Reuters, Tom Polansek December 6, 2023
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.

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