Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures retreated on Wednesday in a technical selling and profit-taking setback after hitting highs earlier in the week, traders said. Higher feed corn prices and a weak tone to the cash beef market added pressure, they said. “This is technical after feeder cattle hit
U.S. livestock: CME cattle futures ease in technical setback after highs
Nearby lean hogs also down on technical selling
USDA June soybean crush seen at 175.5 million bushels
If estimate realized, would be smallest monthly crush since September
Chicago | Reuters – U.S. soy processors likely crushed 5.265 million short tons of soybeans, or 175.5 million bushels, in June, according to the average forecast of eight analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report. If the estimate is realized, it would be down from the 189.3 million
U.S. livestock: CME cattle end higher on firm cash values
Hogs settle lower off recent highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly higher on Monday on follow-though buying from Friday and carry-over strength from last week’s strong cash cattle market. Cash cattle traded late last week as high as $184-$185 per hundredweight (cwt) in northern feedlot areas, traders said, up from sales of around $178-$182
U.S. livestock: CME live cattle climb on firmer cash market
Hogs down on technical selling
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied on Friday on tight fed cattle supplies and higher cash market sales in the central U.S. Plains and western Midwest, traders said. Beef packers were in need of cattle to fill near-term operations, including a large Saturday slaughter and a full week of production
U.S. grains: Soybeans, corn drop on improved crop weather
CBOT September wheat also down
Chicago | Reuters — U.S. corn and soybean futures fell on Friday as recent welcome rains across the Midwest farm belt, and forecasts for more next week, aided crops that had been suffering under an early season drought. Soybeans, which notched a four-month high on Monday, ended down 1.9 per cent for the week, while
U.S. grains: Corn firms on technicals, short-covering
Soybeans retreat; wheat futures consolidate
Chicago | Reuters — U.S. corn futures rose on Thursday on technical buying and short covering following a two-week slide that took prices to 2-1/2 year lows. Soybean futures fell in a profit-taking retreat from multi-month highs posted after the U.S. Department of Agriculture (USDA) unexpectedly slashed its U.S. plantings estimate and as recent rains
U.S. livestock: CME live cattle ease on weak cash market
Lean hog futures mostly higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined on Thursday as a weak tone to the cash market and worries about slowing beef demand weighed on prices, traders said. Livestock traders were monitoring cash market activity at Plains feedlots, where fed cattle were lightly bid at $178/cwt, below the bulk of cash
U.S. grains: Wheat surges on slow harvesting, poor crop conditions
Corn hits 2-1/2-year low and ends mixed, soy mostly firm
Chicago | Reuters — U.S. wheat futures surged on Wednesday as slow winter wheat harvesting and deteriorating spring crop conditions fuelled buying and short covering that lifted prices from 2-1/2-week lows. The wheat rally pulled corn up from 2-1/2-year lows despite expanded plantings and recent rains that lessened concerns about drought-reduced yields. Soybeans firmed on
U.S. grains: Wheat retreats after Russia worries lift market
Wheat down off four-month peak; corn and soybeans also retreat
Chicago | Reuters — Chicago wheat futures declined on Monday in a technical and profit-taking retreat after concerns about political stability in major exporter Russia had lifted prices earlier to four-month highs. Corn ended mixed and soybeans closed below session highs as milder temperatures and crop-boosting rains in parts of the U.S. Midwest over the
U.S. livestock: Live cattle weak on large May placements
Slowing beef demand also a factor
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended flat to lower on Monday on larger-than-expected feedlot placements in May and expectations for slower demand for beef for outdoor grilling following the U.S. Independence Day holiday. Sharply higher feed corn prices early in Monday’s trading session weighed on the live and feeder cattle
Cyber-Savvy Farmer
