Chicago | Reuters — Chicago Mercantile Exchange hog futures were mixed on Tuesday, with deferred contracts firming on expectations that supplies will remain tight until the summer, traders said. The front-month hog contract eased on follow-through selling after hitting technical resistance and closing well below its peak on Monday. Cattle futures also were weaker, pressured
U.S. livestock: CME hog futures mixed
CBOT cattle futures weak
JBS says U.S. domestic and international businesses to remain strong
Sao Paulo | Reuters — Brazilian meatpacker JBS, which operates multiple food processing facilities in the U.S. and one of Canada’s largest beef packing plants, said its North American operations will continue to drive performance. Speaking at a conference call to discuss fourth-quarter results, management said JBS will benefit from strong U.S. domestic demand for
U.S. livestock: CME cattle fall, hogs firm
Supply level cause for 'a little bit of concern'
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Monday as traders took positions ahead of a U.S. government report later this week that was expected to show burgeoning supplies. “There is a little bit of concern about excess supplies and large finishing weights,” said Rich Nelson, chief strategist with Allendale Inc. Hog
French wheat export forecast raised, stocks cut on Ukraine war
Farm office FranceAgriMer has increased sharply its forecast of French soft wheat exports outside the European Union this season as it anticipated France would replace some of the Black Sea trade disrupted by Russia’s invasion of Ukraine. Importers are seeking alternatives to Ukrainian and Russian supplies, which usually account for about 30 per cent of
Ukrainian Railways ready to boost grain exports by train
Ukraine’s state-run railway operator is ready to organize agricultural exports by rail as a matter of urgency, after closure of the country’s Black Sea ports because of the military invasion by Russia. A major global agricultural producer and exporter, Ukraine has historically exported its grain, vegetable oils and other food products by ship. “This situation causes problems
G7 farm ministers urge an end to food export curbs as prices surge
Global food-exporting countries should not restrict food exports after Russia’s invasion of Ukraine cut world supplies, agriculture ministers of the G7 group of nations said on Friday. The impact on markets has escalated as a growing list of food-producing countries restricted exports, keeping vital supplies within their borders. Wheat prices hit 14-year highs and edible
Ukraine says it will issue grain export licences within 24 hours
Ukraine, which has introduced export licensing for its main agricultural products, says licences should be issued within a day of being requested by exporters. The country, which is among the world’s leading producers and exporters of grain and vegetable oils, said March 6 it had introduced export licences for wheat, corn and sunflower oil, as
U.S. livestock: CME feeder cattle rise as feed prices slip
June live cattle, April hogs lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle fell on Wednesday on technical liquidation, as livestock markets continue to wrestle with questions about consumer demand as food prices surge, traders said. Feeder cattle futures firmed on the day as feed prices fell, traders said. “Today’s live cattle futures trade has been choppy to weaker,
U.S. livestock: CME cattle up amid weak broader markets
Nearby hog futures see muted gains
Chicago | Reuters — Chicago Mercantile Exchange cattle futures climbed on Tuesday as investors looked for safety amid weaker broader markets. “With oil prices giving up gains the last couple days, the reverse happened in cattle,” said Altin Kalo, Economist at Steiner Consulting Group. CME’s most-active June live cattle added 1.1 cents to 136.8 cents/lb.,
Brazil fertilizer stocks to last for three more months, industry group says
ANDA, an association representing fertilizer companies in Brazil, said March 3 that local fertilizer stocks should last for three more months amid a major supply chain bottleneck related to Russia’s invasion of Ukraine and western sanctions on Belarus, an important producer. ANDA’s forecast, which it said was based on reports from market players, came a
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