Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged by their three cents/lb. daily price limit on Friday, boosted by investment fund buying and better-than-expected sales in cash cattle markets, traders and analysts said. Feeder cattle futures also climbed by their daily limit, of 4.5 cents/lb., tracking the higher prices in the more
U.S. livestock: Cattle futures limit up on better cash sales
U.S. livestock: Hog futures higher on spreading
Chicago | Reuters — U.S. lean hog futures were narrowly higher in bull-spreading on Thursday as some investors exited positions in nearby contract months ahead of a quarterly government supply report that was released after the close of trading. The U.S. Department of Agriculture in the report said the U.S. hog herd as of June
U.S. livestock: Hogs fall on trade war fears, cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell over two per cent on Tuesday, giving back gains notched in the previous session on broad selling across commodities amid fears of trade wars with importers of U.S. products including China and Mexico. A decline in U.S. cash hog prices late on Monday also
U.S. livestock: Hogs jump on packer demand, cash prices
Chicago | Reuters — U.S. lean hog futures climbed as much as 2.3 per cent on Monday in a bull-spreading rally amid rising cash hog prices and strong demand from pork packers, traders and analysts said. Cattle futures also were mostly higher at the Chicago Mercantile Exchange, boosted by chart-based buying and positioning ahead of
King Cotton makes a comeback
U.S. farmers in the southern plains are piling into the textile crop after souring on wheat
Farmers in Kansas and Oklahoma are planting more land with cotton than they have for decades as they ditch wheat, attracted by relatively high cotton prices and the crop’s ability to withstand drought. A 20 per cent increase from last year marks a sharp turnaround for the crop that once dominated the Mississippi Delta into
U.S. grains: Wheat surges after USDA cuts Russian output estimate
Chicago | Reuters — U.S. wheat futures surged nearly four per cent for the biggest gains in about a month on Tuesday after the U.S. Department of Agriculture slashed its estimate for production in top exporter Russia. Corn futures jumped over two per cent while soybeans notched more modest gains in the wake of the
U.S. livestock: Hogs touch five-week high on technical buying, pork gains
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a five-week high on Tuesday, bolstered by technical buying and gains in prices for cash hogs and pork, traders said. Live cattle futures were lower, easing on chart-based selling. Feeder cattle were higher, supported in part by lower corn prices as trading resumed
U.S. biodiesel lobby drops effort to adjust tax credit
Chicago | Reuters — The biggest U.S. biodiesel lobbying group has dropped its nine-year push to convert a US$1-per-gallon tax credit available to blenders of the biofuel into one for producers, the vice-president of federal affairs said on Friday. The tax credit benefits companies that blend biodiesel into fuel sold at U.S. gas stations. It
U.S. livestock: Feeder cattle extend gains on drop in placements
Chicago | Reuters — U.S. cattle futures rose on Friday, shrugging off earlier declines on technical buying and support from government data showing fewer cattle placed in feedlots during April, traders and analysts said. Relatively thinly traded feeder cattle futures jumped more than one per cent after the U.S. Department of Agriculture released its monthly
U.S. livestock: Cattle ease on positioning ahead of supply report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell nearly one per cent on Thursday, pressured by fears of lower trades in cash cattle markets and positioning ahead of a government supply report due on Friday, traders said. The U.S. Department of Agriculture was set to release its monthly Cattle on Feed report
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