Chicago | Reuters — A fifth-generation cattle rancher and consultant plans to build the country’s largest beef plant in South Dakota with capacity to slaughter 8,000 head of cattle a day. The US$1.1 billion project could help address the Biden administration’s concerns about rising food prices and a lack of competition in the meat sector,
Fifth-generation cattle rancher aims to build biggest U.S. beef plant
U.S. livestock: CME live cattle firm on strong demand
Lean hogs mixed near unchanged
Chicago | Reuters — Chicago Mercantile Exchange Group live cattle futures firmed on Thursday, supported by steady cash prices across the U.S. Plains, as well as strength in consumer beef demand, despite inflationary forces, analysts said. “The feeling two, three weeks ago was that beef demand wasn’t that good and was going to really start
U.S. grains: Wheat firms after earlier slide
Corn struggles to regain; soy firm
Chicago | Reuters — Chicago wheat futures gained on Thursday after reaching two-month lows as liquidation by investment funds abated and supply tensions remained despite talks to reopen Ukrainian ports that have been blocked since Russia’s invasion. A large wheat purchase by Egypt and a report that the U.S. government may retroactively raise an ethanol
U.S. livestock: CME hogs firm on summer demand, tight supplies
Lower corn futures support feeder cattle
Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures firmed on Wednesday, supported by strong demand that has pushed cash prices higher. “We’re still looking at tighter supplies in front of us,” said Rich Nelson, chief strategist at Allendale Inc. Pork demand firms during the summer, with U.S. grilling holidays such as Father’s
U.S. grains: Wheat, corn down on Ukrainian export optimism
Soybeans firm on biofuel talk
Chicago | Reuters — Chicago wheat sank on Wednesday for a second straight session to the lowest in nearly two months, as the market gauged diplomatic talks to unblock Ukrainian ports, while U.S. rainfall across the plains added pressure to prices. Corn followed, dropping to a nine-week low, as U.S. farmers caught up on planting
U.S. grains: Wheat drops as Russia considers Ukrainian grain exports
Corn, soybeans also down
Chicago | Reuters — Chicago wheat futures fell on Tuesday, after Russian President Vladimir Putin expressed readiness to allow blocked Ukrainian grain vessels from Black Sea ports. Corn was pressured by falling wheat, while profit-taking pulled soybeans off life-of-contract highs to finish lower. The most-active wheat contract on the Chicago Board of Trade (CBOT) fell
U.S. livestock: Hog, cattle futures fall despite strong demand
Markets see 'a risk-off day'
Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures fell on Tuesday, amid outside pressure from agricultural markets, despite strength from strong slaughter and cash hog prices. “We just had a risk-off day,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “Cash trade kicked up and is trading above the board.” The CME’s
U.S. grains: Wheat extends fall, soybeans firm
Corn books third week down
Chicago | Reuters — Chicago wheat fell for a third straight session on Friday, retreating further from a two-month high hit earlier this week as technical selling pressured the market, traders said. Corn also eased, as accelerated U.S. planting and news that Argentina may expand an export volume cap weighed. Soybeans gained on strong export
U.S. livestock: August live cattle, feeders ease on USDA report
Chicago lean hog futures firm
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mixed on Friday, with the nearby contract firming while the most-active month eased, pressured by expectations of increased cattle placements in the U.S. Agriculture Department’s monthly assessment. U.S. feedlots held two per cent more cattle on May 1 versus the same time a year
Dust storm, hurricane-force winds tear across U.S. upper Midwest
Chicago | Reuters — Hurricane-force winds tore across the U.S. upper Midwest Thursday evening, sending walls of dust across cities and rural towns, causing widespread property damage and killing at least two people. Straight-line winds up to 170 km/h reached from Kansas to Wisconsin, pushing waves of farmland topsoil across the horizon and plunging communities
Cyber-Savvy Farmer
