Chicago | Reuters — Chicago Mercantile Exchange livestock futures tumbled on Thursday as profit-taking and long liquidation pressured prices following recent gains, analysts said. Lean hog futures pulled back from contract highs reached on Wednesday as traders monitored swings in the stock market after Russia invaded Ukraine. CME April hog futures sank 2.5 cents to
U.S. livestock: CME cattle, hogs sink on profit-taking
March feeder cattle drop as grains surge
Lethal bird flu hits Delaware poultry farm
Reuters – A commercial poultry farm in Delaware with 1.2 million birds has been hit by a highly lethal form of bird flu, the state said Feb. 23, significantly expanding an outbreak that has killed U.S. chickens and turkeys. The outbreak brings the total number of commercial U.S. poultry birds affected by the disease to
U.S. pork producer to resume shipments to California
Reuters – Seaboard Foods, the second-biggest U.S. pig producer, said on February 8 it is preparing to resume shipments of fresh pork to California customers after a state court delayed enforcement of a new law aimed at ensuring more humane treatment of farm animals. Supporters of the California law concerning farm animal confinement, or Proposition
U.S. grains: Soy rises on South American crop woes
Wheat, corn futures rally
Chicago | Reuters — Chicago Board of Trade soybean futures rose on Friday on diminishing harvest estimates in South America, though trading remained volatile a day after prices reached a nine-month high, analysts said. Corn and wheat futures jumped on increased concerns that Russia may invade Ukraine and disrupt grain shipments from the Black Sea
U.S. livestock: CME live cattle retreat on profit-taking
Hog futures lower despite rising cutout
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Friday as the market retreated from contract highs hit this week. Profit-taking weighed on futures prices, though the market remains supported by strong demand for cattle from meatpackers, traders said. Packers such as Tyson Foods and JBS slaughtered an estimated 120,000 cattle on
U.S. grains: Soy, corn end lower in volatile sell-off
Wheat down off early strength
Chicago | Reuters — U.S. soybean and corn futures closed lower on Thursday after a wild session, retreating after a run-up to multi-month highs as a wave of profit-taking and farmer selling overshadowed support from shrinking estimates of South American crops due to drought, analysts said. Chicago Board of Trade March soybeans settled down 20-1/2
U.S. livestock: CME live cattle, lean hogs set contract highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a contract high on Wednesday on firm cash prices and strong demand from packers, while lean hogs also set a new high, traders said. April live cattle ended 1.65 cents higher at 147.825 cents/lb. and set a high of 147.925 cents (all figures US$).
U.S. grains: Corn, soy futures set eight-month highs
USDA lowers South America corn, soy crop estimates
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean and corn futures set eight-month highs on Wednesday on concerns about the risk for more unfavorable crop weather in drought-stressed growing areas of South America, traders said. The U.S. Department of Agriculture, in a monthly crop report, pegged Brazil’s soy crop at 134 million tonnes,
California court delays enforcement of part of pig welfare law
Reuters – A California court said it will delay enforcement of part of a law aimed at ensuring more humane treatment of farm animals, which opponents warned could lead to pork shortages and higher food prices in the most populous U.S. state. Supporters of Proposition 12, approved by California voters in November 2018, say it
U.S. livestock: CME lean hogs hit new contract high on slim supply
CME April live cattle up slightly
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a new contract high on Tuesday on concerns about tightening U.S. supplies, analysts said. Nearby live cattle and feeder cattle futures also strengthened. U.S. cold storage data, issued after the markets closed on Monday, was supportive for hog and cattle futures, analysts said.
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