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. livestock: CME cattle futures soften amid recession fears
CME lean hogs close higher
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.
U.S. grains: Wheat up off six-month low on technical buying
CBOT corn rises, while soybeans stay under pressure
Chicago | Reuters — Chicago Board of Trade wheat futures bounced on technical buying on Friday after nearing a six-month low struck a day earlier, though the market remained capped by sluggish U.S. exports and increased Black Sea shipments, analysts said. Corn futures also strengthened, while soybeans edged lower as forecasts for rain in the
U.S. livestock: CME live cattle, feeder cattle set multi-month highs
October lean hogs down on day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rose to their highest level since April on concerns about tightening livestock supplies, analysts said. Feeder cattle futures hit a February high, while lean hog futures fell to their lowest level in more than a week. The U.S. Department of Agriculture is projecting
U.S. grains: Corn, wheat futures extend gains on crop risks
Wheat market also weighs prospects for more Ukraine exports
Chicago | Reuters — Chicago Board of Trade corn and wheat futures rose on Wednesday, as hot, dry weather in parts of the U.S. and Europe kept attention on harvest risks, while soybeans settled lower after notching contract highs. Traders also adjusted positions ahead of the U.S. Department of Agriculture’s (USDA) monthly supply and demand
U.S. grains: Wheat surges to one-week high on easing recession fears
Corn, soy futures also touch one-week high
Chicago | Reuters — Chicago Board of Trade wheat futures soared 6.6 per cent on Friday, extending a rebound from four-month lows this week on easing fears of a global recession and signs of renewed importer demand, analysts said. Corn also rose to move up from a seven-month low touched this week, and soybeans continued
U.S. livestock: CME live cattle, feeder cattle slump
Deferred-month lean hogs up
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Friday as brokers said steady-to-lower cash prices were seen as disappointing. Feeder cattle futures also finished weaker, under pressure from climbing prices of grain used for livestock feed, brokers said. Traders kept an eye on the cash market, where prices are trading at
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