Chicago Mercantile Exchange live cattle futures traded on both sides of unchanged on Friday and finished the day mixed, underpinned by firm cash cattle prices but anchored by technical selling and seasonal pressure, analysts said.
Markets/Business — page 68
U.S. livestock: Live cattle mixed as technical selling offsets lift from firm cash
U.S. livestock: Cattle futures drop on profit taking, weaker beef values
Chicago Mercantile Exchange live and feeder cattle futures fell for a second consecutive day on Thursday, pressured by technical selling and profit taking following recent highs, and as wholesale beef prices fell, analysts said.
Feed Grain Weekly: Barley, corn the same price
Domestic feed barley and United States corn imports are pretty much the same price in Western Canada, said Darcy Haley, vice-president of Ag Value Brokers in Lethbridge.
U.S. grains: Soybeans rise in vegoils rally after Canada cuts canola crop
U.S. soybean futures firmed on Thursday, led by strong gains in soyoil as a smaller-than-anticipated canola harvest outlook in Canada stoked worries about tightening global vegetable oil supplies.
More wheat, less canola in 2024/25 says Statistics Canada
While Statistics Canada reported more wheat was grown in 2024/25, canola production fell back as the agency issued its principal field crops report on Dec. 5.
Chinese buyers slash Canadian canola imports on fears of anti-dumping duty
Chinese importers are scaling back purchases of Canadian canola with shipments from December likely to plunge as most buyers are reluctant to sign new deals for fear that Beijing could impose retaliatory anti-dumping duties.
U.S. livestock: Cattle futures recoil from highs as packer losses deepen
Chicago Mercantile Exchange live and feeder cattle futures dropped on Wednesday in a technical and profit-taking retreat following recent strong gains and as beef packer margins fell deeper in the red, analysts said.
ICE canola weekly outlook: Politics driving trade
The ICE Futures canola market climbed off nearby lows over the week ended Dec. 4, although the correction ran into resistance and values remain at the whim of outside forces.
CBOT Weekly: Trade focuses on tariffs, USDA report next
Proposed tariffs imposed on Canadian and Mexican imports into the U.S. gave the Chicago Board of Trade a lot to think about during the week ended Dec. 4, 2024.
U.S. grains: Soybeans fall as good South America weather lift crop prospects
U.S. soybean futures fell on Wednesday on favorable crop weather in South America and concerns about the incoming Trump administration's hawkish approach to trade with top importer China.
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