CME October lean hogs (candlesticks) with 20-day moving average (pink line), CME lean hog index (black line), CME August 2021 lean hogs (brown O/H/L/C) and CME October 2021 live cattle (dark red line). (Barchart)

U.S. livestock: CME lean hogs firm on strong pork demand

October live cattle follow beef prices lower

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday on short-covering and continued firmness in the wholesale pork market, traders said. “August seems like its anchored by what’s going on in the cutout,” said Altin Kalo, economist at Steiner Consulting Group. “They’ve been surprised by the strength in the pork cutout.” […] Read more

CME August 2021 feeder cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME feeder cattle firm on tighter supplies

October hogs down on supply expectations

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures climbed on Monday, as supplies tightened in the northern U.S. Plains, traders said. “You’ve got a lot of empty yards,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “We don’t have a lot of large supplies, large runs. You’re going to have to […] Read more

CBOT September 2021 wheat (candlesticks) with 20-day moving average (black line) and MGEX and K.C. September 2021 wheats (green and orange lines). (Barchart)

U.S. grains: Wheat climbs as drought persists

Soybeans ease on pressure from broader commodity markets

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures gained on Monday, climbing to a 2-1/2- month high, supported by dry weather in parts of U.S., Canadian and Russian growing areas that raises global supply worries. Soybeans eased after last week’s gains, pressured by broader losses in outside markets, though weather uncertainty underpins the oilseed. Chicago Board […] Read more

CBOT September 2021 wheat (candlesticks) with  20-day moving average (yellow line) and MGEX and K.C. September wheats (green and orange O/H/L/C). (Barchart)

U.S. grains: Wheat posts biggest weekly climb in six years

Weather woes in North America, Russia, Europe spur concerns

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rose about three per cent on Friday and recorded their largest weekly gain in six years as parched conditions for North American spring wheat and adverse weather in Europe and Russia stoked concern about global supplies. Soybean futures ended higher on uncertainty about U.S. crop weather, while corn […] Read more



CME August 2021 live cattle (candlesticks) with Bollinger bands (20,2) and October 2021 live cattle (dark red line). (Barchart)

U.S. livestock: CME live cattle drift lower

Lean hog futures end mixed

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures drifted lower on Thursday in lacklustre trade, with disappointing weekly export sales data and softening wholesale beef cutout prices adding pressure, analysts said. “The fact that the cutout on beef has been drifting lower just doesn’t give the market a lot of confidence that packers […] Read more

MGEX September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines) and CBOT September 2021 wheat (black line). (Barchart)

U.S. grains: Wheat climbs on stressful northern Plains weather

Chicago soybean futures sag

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Thursday, led by Minneapolis Grain Exchange (MGEX) spring wheat futures, which hit an 8-1/2-year high near US$9 a bushel as drought threatened crops in the northern Plains and Canadian Prairies. Soybean futures fell on disappointing domestic soy crush data and corn eased after a three-session climb. […] Read more

CME August 2021 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME feeder cattle fall on corn rally

CME lean hogs end lower

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower Wednesday, led by weakness in feeder cattle futures and profit-taking after a near two-week high, traders said. CME feeder futures set the tone, falling one per cent as corn futures jumped on worries about dry U.S. weather, a move that signaled higher costs […] Read more