Chicago live and feeder cattle futures slipped from record highs on Wednesday. Most lean hog contracts also lost ground.
Markets
U.S. livestock: Chicago cattle, hog futures edge down
U.S. grains: Chicago soybeans end down amid US-China trade jitters
Chicago soybean, corn and wheat futures ended a choppy session lower on Wednesday as signs of a thaw in the U.S.-China trade standoff supported agricultural markets, despite lingering concerns about demand and global competition, traders said.
ICE canola weekly outlook: ‘Toppy’ market watching weather
Squeeze possible for old crop
Tight supplies could send old crop canola futures higher before the new crop harvest, but values were showing signs of running into resistance in early May.
Seeding in Manitoba picking up the pace
Most fields still have good soil moisture
Overall spring planting in Manitoba reached eight per cent complete as of May 6, with some areas of the province much further along, the latest provincial crop report said.
CBOT Weekly: Keep an eye on demand in S/D report
Demand for U.S. corn, planted acres could change
Demand will be the main thing to watch when the United States Department of Agriculture releases its May supply and demand report next week.
Thunder Bay sees strong spring grain shipments
The Port of Thunder Bay has seen above-average grain and potash shipments this spring.
U.S. grains: Soybeans continue slide on trade tensions, tumbling soyoil
Chicago soybean futures slid for the second session on Tuesday as worries over international trade tensions and falling soyoil futures weighed on prices, analysts said.
U.S. livestock: CME cattle higher on surging cash market
Chicago Mercantile Exchange live cattle and feeder cattle futures crept higher on Tuesday as strong wholesale beef prices and a tight cattle supply compelled meatpackers to pay up for each head of cattle, lending support to the cash market and cattle futures, analysts said.
Mosaic beats first-quarter profit estimates on South America business strength
Fertilizer producer Mosaic beat Wall Street expectations for first-quarter profit on Tuesday, driven by strength in its South America business.
Klassen: Feeder market consolidates as supplies decrease
For the week ending May 2, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier. The heifer discount to steers continues to narrow. Steady buying interest from Ontario was noted in Manitoba and certain locations in Saskatchewan.
Markets