Chicago | Reuters — Chicago soybean prices fell on Tuesday, a day after hitting an eight-month high, ahead of the U.S. Agriculture Department’s monthly global supply and demand assessment that is expected to downgrade South American crop production. Corn also eased, while wheat firmed, underpinned by ongoing dryness across the U.S. southern Plains. The Chicago
U.S. grains: Soybeans dip ahead of USDA report
Wheat underpinned by U.S. dryness
U.S. livestock: CME hogs up as processors seek market-ready supply
Weaker corn futures support feeder cattle
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday, supported by cash prices as packers attempted to pull market-ready hogs forward to slaughter, analysts said. “Packers are clearly chasing hogs. The supply of butcher hogs is not enough to meet demand,” said Dennis Smith, commodity broker at Archer Financial. CME April
U.S. grains: South American dryness lifts soybeans, corn
Wheat also up
Chicago | Reuters — Chicago soybean futures on Monday rose to eight-month highs, underpinned by concerns over possible reduced supplies from weather-damaged South American harvests. Corn also climbed on South American dryness, while wheat followed higher. Markets are also positioning ahead of world grain and oilseed supply and demand forecasts from the U.S. Department of
U.S. livestock: CME lean hogs firm on tight hog supplies
Live cattle down off last week's gains
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Monday, supported by fewer market-ready hogs and diminished pork supplies, analysts said. “There just isn’t much extra pork laying around,” said Alan Brugler, president of Brugler Marketing. CME April lean hogs settled 1.2 cents higher at 101.275 cents/lb., notching a new life-of-contract high.
U.S. grains: Soybeans rally, following soymeal gains
Wheat capped by big Argentina, Australia crops
Chicago | Reuters –– Chicago soybean futures rallied on Friday, supported by soymeal demand and weather issues in South America. Corn followed higher, although crops in Argentina and Brazil are likely less impacted by drought in the region as they have more time to benefit from rainfall expected later this month. Wheat rebounded from a
U.S. livestock: CME live cattle, lean hogs fall on weaker slaughter
Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures fell on Friday as sluggish slaughter rates continue to drag on prices, traders said. “They’re both facing the same fundamental music – this slaughter disruption due to weather, labour tightness and COVID,” said Dennis Smith, commodity broker at Archer Financial. CME February
U.S. grains: Soybeans ease after weather rally
Corn firms, wheat slips to nearly three-month low
Chicago | Reuters — Chicago soybean futures dipped on Thursday as broad selling in financial markets countered weather concerns in South America that had pushed prices to a five-month high. Corn ended just above even, paring losses as private estimates of South American crops fell further due to hot, dry conditions in the region. Wheat
U.S. livestock: CME live cattle futures firm
Cash cattle prices provide support; lean hogs also firm with cash index
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures moved higher on Thursday, supported by cash cattle prices in the northern U.S. Plains, analysts said. “We’ve been under some pressure recently, but the cash trade was still at $138 to $140,” said Doug Houghton, technical analyst at Brock Capital Management (all figures US$). “That’s
U.S. livestock: CME live cattle down on lagging slaughter rates
Lighter supplies support lean hog futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased for a fifth consecutive session on Wednesday, pressured by lagging slaughterhouse production, analysts said. “We’re just not processing cattle fast enough. Some of the supply chain bottle necks that have affected the cattle market up to this point, they still remain in play,” said
U.S. grains: Soybeans up with session peak highest since July
Corn, wheat ease
Chicago | Reuters — Chicago soybeans ended stronger on Wednesday after trading both sides of even and hitting the highest in nearly five months, supported by extreme weather in South America that could result in yield losses. Corn eased after also rallying on South American weather risks, while wheat followed. The most-active soybean contract on
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