Chicago Mercantile Exchange (CME) live cattle futures eased on Monday on ample supplies of market-ready cattle and expectations for flat to lower cash cattle sales this week, traders and analysts said.
Chicago Board of Trade wheat futures rose on Monday, hitting nine-month highs on worries about crop losses in top-exporter Russia after multiple nights of frosty weather in key regions.
Chicago Mercantile Exchange (CME) cattle futures were mixed on Friday, with live cattle contracts turning higher and a rally in Chicago corn futures Cv1 pressuring most feeder cattle contracts lower.
Chicago corn futures advanced on Friday after the U.S. Department of Agriculture (USDA) projected U.S. stockpiles of the grain below market expectations.
Chicago Mercantile Exchange (CME) cattle futures turned lower on Thursday amid a day of sideways and choppy trading, as wholesale beef prices dropped and cash cattle markets saw limited activity.
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while soybeans and corn fell ahead of a monthly U.S. Department of Agriculture supply-and-demand report due on Friday.
Chicago Board of Trade wheat futures fell on Wednesday despite weather risks in top exporter Russia, highlighting the size of its supply as the country continues to dominate global export markets.
Chicago Mercantile Exchange live cattle futures firmed on Tuesday on technical buying, while lean hog contracts ended higher in a technical and short-covering rebound following four days of declines.
Chicago wheat fell on Tuesday from peaks not seen since December, while corn eased from four-month highs as investors gauged the impact of harsh weather in some major production zones.