Chicago cattle futures closed with small gains on Monday after Friday's fall. Lean hog futures were also up.
Markets/Business
U.S. livestock: Cattle, hogs make gains
U.S. grains: Soybeans rally after Trump urges China to buy more U.S. beans
U.S. soybean futures rallied to a two-week high on Monday after U.S. President Donald Trump said he hoped China would quadruple its soybean buying from the United States and as forecasts of hot, dry U.S. weather sparked some concern about yields.
Trump urges China to quadruple soybean orders
Analysts say quadrupling soybean orders is ‘highly unlikely’
U.S. President Donald Trump on Sunday urged China to quadruple its soybean purchases ahead of a key tariff truce deadline, sending Chicago soybean prices higher, though analysts were quick to question the feasibility of any such deal.
U.S. livestock: Cattle futures fall hard, hogs mixed
Feeder and live cattle futures fell hard on Friday while lean hogs closed on either side of unchanged.
U.S. grains: Chicago corn, wheat choppy amid demand uptick, ample supply
Chicago wheat, corn and soybean futures chopped up and down but ended lower on Friday as traders weighed a bounce in demand fuelled by low prices against expectations of ample supply and upcoming U.S. government crop forecasts.
Prairie wheat bids weaken in early August
Losses in U.S. futures weigh
Hard red spring wheat bids in Western Canada were weaker during the week ended Aug. 7, as a move to five-year lows in the United States futures weighed on prices.
U.S. grains: Wheat, soy and corn bounce off lows as demand stirs
Chicago Board of Trade wheat futures rebounded on Thursday after hitting a five-year low the previous day, and corn recovered from earlier contract lows as technical support and signs of new export demand countered the pressure of ample supplies, traders said.
U.S. livestock: Cattle futures hit contract highs on strong cash trade
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs for the second day in a row on Thursday as strong cash cattle prices and resilient consumer demand continued to fuel a rally, analysts said.
Feed Grain Weekly: Barley, wheat competing with U.S. corn
Western Canadian grains hold price advantage
While U.S. corn prices are falling, Western Canadian feed barley and feed wheat still have price advantages, said a Lethbridge-based trader.
U.S. livestock: Cattle futures hit new highs on resilient consumer demand
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs on Wednesday as strong consumer demand for beef and another spike in wholesale boxed beef prices supported an ongoing futures rally.
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