CME August 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and black lines) and August 2021 live cattle (dark red line). (Barchart)

U.S. livestock: Hogs limit down on new China stats

Live cattle futures up with cash values

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell their daily three-U.S.-cent limit on Wednesday, pressured by falling U.S. wholesale prices for pork products and news of increasing hog numbers in China, traders said. China’s pig herd rose 23.5 per cent in May from a year earlier, state media said on Wednesday,


CBOT July 2021 soybeans (candlesticks) with CME July 2021 crude palm oil and ICE July 2021 canola (green and yellow lines, left column). (Barchart)

U.S. grains: Soybeans down with vegetable oil prices

Chicago July corn, wheat up

Chicago | Reuters — U.S. soybean futures fell on Wednesday to their lowest level in nearly two months, pressured by a retreat in global vegetable oil prices from multi-year highs, analysts said. Corn and wheat futures ended mixed, with the nearby July corn and wheat contracts closing higher, while back months declined. Chicago Board of

Canadian Financial Close: Loonie steady, inflation up

WINNIPEG – The Canadian dollar held steady on Wednesday amid economic news on both sides of the Canada/United States border. The loonie was at US$0.8203 or US$1=C$1.2191 on Wednesday, slightly lower from Tuesday’s close at US$0.8205 or US$1=C$1.2188. Meanwhile, the U.S. Dollar Index jumped 0.78 points at 91.31. Statistics Canada reported today that inflation increased


ICE Midday: Canola prices continue to plunge

WINNIPEG – The ICE Futures canola market was sharply weaker at midday Wednesday in sympathy with the Chicago soy complex. Canola futures have lost more than C$18 per tonne, with the most active November contract threatening to drop below the C$700/tonne mark. A Winnipeg-based trader attributed the fall to recent rains in the Prairies, the

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, June 16 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, as currency traders await the latest policy announcement from the United States Federal Reserve due out later in the day. At 8:40 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.8206 or US$1=C$1.2186 which compares with Tuesday’s North American



ICE Canada Morning Comment: Another round of being down

Weakness in comparable oils weigh on values

By Glen Hallick, MarketsFarm WINNIPEG, June 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to pull back on Wednesday morning, generating so far the fourth consecutive day of losses in the old and new crop contracts. There were declines in Chicago soybeans and soyoil, while soymeal made modest increases. European rapeseed and Malaysian palm


CME August 2021 live cattle with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)

U.S. livestock: Live cattle hit two-month high

CME lean hogs end mixed

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose more than two per cent on Tuesday, setting a two-month high as deferred prices for corn, the main feed grain for cattle, continued to fall, traders said. CME benchmark August live cattle futures settled up 2.625 cents at 123.9 cents/lb. after reaching 124.125

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

U.S. ag secretary backs proposed meatpacking investigator

Reuters — U.S. Agriculture Secretary Tom Vilsack on Tuesday threw his support behind a proposal to establish a special investigator to address concerns about anti-competitive practices in the meat and poultry industries. Republican U.S. Senators Mike Rounds of South Dakota and Charles Grassley of Iowa and Democratic Senator Jon Tester of Montana have proposed legislation