Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday as tight hog supplies and strong demand fueled gains for the fifth time in six sessions. The market shrugged off negative technical signals following a lower close in actively traded April futures on Thursday after posting a contract high during the session.
U.S. livestock: CME lean hogs up on tight supplies, good demand
April live cattle up, March feeder cattle lower
U.S. grains: Soybeans rise on South American crop shortfall
Corn, wheat also up
Chicago | Reuters — U.S. soybean futures were steady to mostly higher on Friday near an eight-month peak as some traders pocketed profits from strong gains this week, but the market remained underpinned by concerns about weather-reduced yields in South America. Corn was also steady to firmer, while wheat futures rose in a short-covering and
U.S. grains: Soybeans climb on supply worries
Corn sinks as ethanol stocks swell
Chicago | Reuters — U.S. soybean futures climbed to an eight-month peak on Wednesday as reduced South American harvest prospects and improving U.S. export demand lifted the market for a seventh straight session. Corn retreated as spread traders sold contracts and bought soybeans and rising ethanol stocks fuelled concerns about a slowdown in output of
U.S. livestock: Cash prices, slaughter pace support CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied to fresh contract highs on Wednesday on strong cash market prices and rising slaughter rates amid seasonally tightening cattle supplies. A winter storm moving across the central U.S. on Wednesday did not noticeably impact cattle and beef production, although traders were watching for any
U.S. grains: Soybeans hit seven-month high on supply worries
Firm U.S. dollar sinks wheat; corn down
Chicago | Reuters — U.S. soybean futures rallied to a seven-month high on Thursday on concerns about a smaller South American harvest, which could shift more global demand to the United States. Wheat slumped for a second straight session on a stronger dollar and slightly reduced fears that Russia would invade Ukraine and potentially disrupt
U.S. livestock: CME lean hogs drop on profit-taking, technical selling
Faster slaughter pace drags on cattle futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Thursday, dragged by technical selling and profit-taking following a recent rally to contract highs. Tight U.S. hog supplies had fueled the recent gains and remained a supportive factor, but the market was oversold. “We had a key reversal in April hogs yesterday and
U.S. grains: Soybeans reach seven-month peak
Oil strength, South American crop worries lift soy; CBOT corn up, wheat down
Chicago | Reuters — U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices. Concerns about a reduced South American harvest and exports from top soy supplier Brazil offered further support, with strength spilling over into corn
U.S. livestock: CME live cattle up on improved slaughter pace
Lean hogs down on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Wednesday on technical buying and as rising U.S. slaughter rates eased concerns about cattle supply backups. Cattle processing rates have ramped up after pandemic-related staffing shortages at some meat plants. The U.S. Department of Agriculture (USDA) estimated Wednesday’s cattle slaughter at 118,000
Farming for the climate
U.S. growers embrace cover crops while eyeing low-carbon future
Reuters – Illinois farmer Jack McCormick planted 350 acres of barley and radishes last fall as part of an off-season crop that he does not intend to harvest. Instead, the crops will be killed off with a weed killer next spring before McCormick plants soybeans in the same dirt. The barley and radishes will not
U.S. aims to double cover crop planting to address climate change
Farmers in 11 states to be eligible for program
Chicago | Reuters — The United States aims to double the country’s cover crop plantings to 30 million acres by 2030 under a new Department of Agriculture (USDA) conservation program launched on Monday. The agency’s Natural Resources Conservation Service (NRCS) will spend US$38 million to help farmers in 11 states plant crops at a time
Cyber-Savvy Farmer
