Chicago | Reuters –– U.S. livestock futures rose on Wednesday, with lean hogs bouncing from Tuesday’s roughly three-week low on technical and investment fund buying, traders and analysts said. Live cattle futures climbed to a 1-1/2 week high at the Chicago Mercantile Exchange, further buoyed by positioning ahead of a monthly U.S. Department of Agriculture
U.S. livestock: Cattle, hogs rise on investment fund buying
U.S. livestock: Cattle surge on technical buying, packer demand
Chicago | Reuters — Cattle futures jumped the most in more than a month on Monday, buoyed by technical short covering and optimism that demand from beef packers that resulted in last week’s large cattle slaughter will continue this week, traders and analysts said. Front-month June live cattle futures briefly rose by their daily three-cent
U.S. livestock: June live cattle limit down in technical selloff
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures tumbled two per cent or more on Monday, with the front-month June contract falling by its three-cents per pound daily limit in a technical selloff, traders said. Sufficient cattle supplies and weaker trades last week in U.S. Plains cash steer markets also weighed on futures.
U.S. ethanol makers snap up cheap sorghum after China tariffs
Chicago | Reuters — U.S. ethanol makers have joined global livestock producers to snap up discounted American sorghum supplies after buyers in China backed out of deals due to stiff anti-dumping tariffs on the grain imposed by Beijing in a mounting trade dispute. Sorghum is used to feed animals and represents a fraction of the
POET unseats ADM as top global fuel ethanol maker
Chicago | Reuters — Privately held, U.S.-based POET has overtaken industry pioneer and global grain merchant Archer Daniels Midland to become the top ethanol producer in the world, the companies told Reuters. ADM had been the biggest ethanol maker since the U.S. began requiring refiners to mix billions of gallons of biofuels into the nation’s
USDA to evaluate new release schedule for livestock reports
Chicago | Reuters — The U.S. Department of Agriculture is analyzing information and surveying the livestock sector to determine whether the agency should change the times it releases cattle and hog reports, a top agency official said on Tuesday. USDA is open to changing its schedules in 2019 if the review indicates that is warranted,
China tariffs on soy, sorghum spread fear in U.S. farm country
Farmers say a list of crops facing tariffs has them rattled and worried for their future
China aimed a direct strike at America’s heartland on April 4, moving to slap an aggressive 25 per cent retaliatory tariff against U.S. soybeans, farm country’s most valuable export to China last year, worth US$12 billion. Over the past decade, fast-rising demand from China has fuelled a sharp rise in production of U.S. soybeans, which
U.S. to export pork to Argentina after 26 years
Washington/Chicago | Reuters — U.S. pork exporters will soon be free to ship meat to Argentina for the first time in 26 years after the two countries thrashed out an agreement to overturn an Argentinian import ban. The deal is a sliver of good news for U.S. farmers facing trade tariffs and disruption to exports
U.S. grains: Soybeans rally as market digests Chinese tariff threat
Chicago | Reuters — Chicago soybean futures rallied more than one per cent on Thursday as investors played down the immediate impact of proposed Chinese tariffs on U.S. supplies, a move that had sent prices plunging a day earlier. U.S. wheat futures jumped as much as two per cent, lifted by worries that cold temperatures
U.S. grains: Soy, corn tumble as China slaps tariffs on imports
Chicago | Reuters — Chicago soybean futures tumbled two per cent on Wednesday after China readied tariffs against U.S. soy, corn, beef and other goods to retaliate against the Trump administration’s planned tariffs on Chinese exports as a trade war intensified. U.S. corn futures also fell sharply, then recovered a portion of the heavy losses.
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