Chicago | Reuters – Chicago Mercantile Exchange live cattle edged higher on Wednesday, with tight U.S. supplies keeping prices near contract highs. A lack of fresh fundamental inputs limited the gains. August live cattle futures LCQ3 settled up 0.05 cent at 181.325 cents per pound, ending just below the contract high of 181.875 cents it set […] Read more
U.S. livestock: CME live cattle firm; remain near recent highs
A lack of fresh fundamental inputs limited the gains
US Livestock: live cattle rise on limited US supply, strong cash prices
Analysts suggest high prices, tight supply may drive meatpackers to cut hours
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures extended gains on Tuesday on worries over limited U.S. supplies. Recent strength in cash prices for cattle helped to support futures, analysts said, after ranchers shrank their herds due to drought and high feed costs. Analysts said there is chatter in the market that high […] Read more
US Grains: wheat futures end firmer amid Black Sea supply worries
Ukrainian officials said Russian air strikes damaged the port of Odesa
Chicago | Reuters – Chicago Board of Trade wheat futures finished stronger on Tuesday after Ukrainian officials said Russian air strikes damaged infrastructure at the port of Odesa, a day after Moscow quit the Black Sea grain export deal. The strikes diminished some expectations that Russia may still renew the export deal, analysts said. Markets […] Read more
U.S. grains: Wheat, corn fall as Black Sea grain deal expires
Grain traders hope pact may still be renewed
Chicago | Reuters — U.S. grain futures fell on Monday as Russia’s exit from the Black Sea export deal failed to shock traders. Wheat and corn futures slumped after earlier rising to two-week highs when Russia announced it was leaving the agreement that lets Ukraine export grain through the Black Sea. Russia had long threatened […] Read more
U.S. livestock: CME August live cattle touch new high
Hogs lower as China books higher pork output
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a new high in the front-month contract on Monday on technical buying and concerns over tightening U.S. supplies, analysts said. August live cattle reached its life-of-contract high of 181.6 cents/lb. before retreating to settle 0.05 cent lower at 180.125 cents/lb. (all figures US$). October […] Read more
U.S. grains: Soybeans up as soyoil touches one-month high
Traders watch U.S. crop weather forecasts
Chicago | Reuters — Chicago Board of Trade soybean futures exceeded a three-week high on Friday as demand from end-users helped push soybean oil above a one-month peak, traders said. Spillover support from soyoil’s rally lifted soybeans while corn futures slumped, traders said. Soyoil has advanced more than 22 per cent since dropping on May […] Read more
U.S. livestock: CME lean hogs touch one-month high
August live cattle lower, feeders up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit their highest level in more than a month on Friday following gains in cash prices. Recent advances in futures have built some upward momentum into the market, brokers said, though the sector continues to grapple with an excess of hogs and lacklustre demand for […] Read more
U.S. grains: Corn hits one-month high on weather worries
Soybean, wheat futures also advance
Chicago | Reuters — Chicago Board of Trade corn futures reached a one-month high on Friday as forecasts for dry weather in the U.S. Midwest kept attention on early risks to this year’s crop. Soybean and wheat futures also rose, with the agricultural markets posting weekly gains following recent declines to multi-month lows. Traders added […] Read more
U.S. livestock: CME hogs down 10 per cent on week
Feeder cattle down on corn rally
Chicago | Reuters — Chicago Mercantile Exchange hog futures dropped to contract lows again on Friday, as poor demand for U.S. pork continued to depress prices. The losses heap more pain on producers who have struggled with weak prices for pigs and high costs for expenses such as feed and labour. “Producers are losing their […] Read more
U.S. livestock: CME hogs sink to contract lows
Cattle futures up with beef sales, tight supplies
Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled to contract lows on Thursday, as excess supplies and sluggish demand for U.S. pork fueled losses for a fifth consecutive session. Weak prices for pigs and high production costs continue to make it unprofitable to raise hogs, leading some analysts to project that producers will […] Read more
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