Chicago | Reuters — Chicago Mercantile Exchange lean hog futures touched a four-week high on Thursday on technical buying and concerns about tightening supplies, analysts said. Demand from pork processors helped underpin futures as packers’ profit margins improved, a broker said. Margins were estimated to be $2.45 per hog, up from a loss of $4.15
U.S. livestock: December lean hogs hit four-week high
CME live cattle also finish stronger
U.S. grains: Wheat futures fall from two-month highs amid broad sell-off
USDA resumes weekly export sales data
Chicago | Reuters — U.S. grain and soybean futures closed lower on Thursday, with profit-taking dragging wheat down from two-month highs, traders said. Broad-based selling added pressure on prices as traders reduced their risk amid growing warnings of a global economic slowdown, analysts said. “Inflation and recession concerns hit all markets today,” CHS Hedging said.
U.S. railways to halt grain shipments ahead of potential shutdown
Fall fertilizer traffic also at risk
Chicago | Reuters — Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain co-operatives said on Tuesday, threatening exports and feed deliveries for livestock. With farmers starting to harvest autumn crops that are shipped to meat and biofuels
U.S. livestock: CME lean hog futures weaken
Live cattle futures gain, feeder cattle under pressure
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures eased on Monday as the U.S. Agriculture Department lifted its forecast for domestic pork production and lowered its price outlook for pigs for this year. The department, in a monthly report, raised its estimate for pork production in the third quarter by 0.9 per cent
U.S. grains: Soy, corn futures hit June highs
USDA cuts domestic harvest estimates
Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest price since June on Monday and closed near their highs after the U.S. government made bigger-than-expected cuts to its domestic harvest estimate. Corn futures also hit their highest price in more than two months following a reduced production outlook from the
U.S. livestock: CME cattle futures soften amid recession fears
CME lean hogs close higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder cattle futures weakened on Monday amid spillover pressure from weakness in equity markets, analysts said. U.S. stocks closed lower, adding to sharp losses last week, on nagging concerns about the Federal Reserve’s determination to hike interest rates to fight inflation even as the economy
U.S. grains: Corn hits two-month high on heat, dryness concerns
Soybeans ease as crop tour sees large U.S. harvest
Chicago | Reuters — Chicago Board of Trade corn futures set a two-month high on Monday after a U.S. crop tour last week found damage from hot, dry weather and organizers projected harvests would fall short of government estimates. Wheat futures rallied to their highest level in about seven weeks, while soybeans fell after the
U.S. grains: Corn up on crop tour’s lowered expectations
Hot, dry weather seen limiting U.S. corn, soy yields
Chicago | Reuters — Chicago Board of Trade corn and soybean futures jumped on Friday on concerns about hot and dry weather reducing U.S. yields, analysts said. After the close of trading, advisory service Pro Farmer projected a U.S. corn harvest of 13.759 billion bushels, which would be the smallest since 2019 and below government
Shrinking U.S. cattle herd signals more pain from high beef prices
Consumers won’t be seeing any relief at the till due to long production cycle
Reuters – U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers reduce their cattle herds due to drought and lofty feed costs. Those decisions will tighten livestock supplies for years, economists said. The decline in cattle numbers, combined with stiff costs for other production expenses, illustrate why a recent reduction in grain prices
Tyson Foods misses earnings, warns of supply constraints
Reuters – Tyson Foods shares fell 10 per cent on Aug. 8 as the U.S. meat processor reported weaker-than-expected quarterly earnings and warned of supply constraints and reduced demand for high-priced beef. The sell-off left shares down about eight per cent for the year and 20 per cent from an all-time high reached in February.