CBOT May 2021 corn with 20- and 50-day moving averages. (Barchart)

U.S. grains: Nearby corn futures firm as USDA reports big sales to China

CBOT May soybeans, wheat also up

Chicago | Reuters — U.S. corn futures edged higher in actively traded nearby contracts on Tuesday on strong export demand after the U.S. Department of Agriculture confirmed the largest sales to China since January. Soybean futures were mixed, with nearby prices rising on concerns about South American harvest weather and spillover support from higher spot

CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Lean hogs up on tightening hog supplies, strong pork demand

CME live cattle futures mixed

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly higher on Tuesday on lofty pork prices, tightening hog supplies and hopes for improved meat demand as economies begin to fully re-open after coronavirus pandemic shutdowns. Hog supplies have tightened following liquidation of the U.S. sow herd last year and some disease-related U.S.


China to raise grain purchase prices, support breeding sector

The country aims to secure animal- and plant-breeding resources

Reuters – China’s government said on March 5 it will raise its minimum purchase price for wheat and rice and expand corn-planting areas this year, reiterating earlier plans to boost grain output after prices soared last year. The moves, outlined by Premier Li Keqiang and the state economic planning agency in annual reports to parliament,



China’s first hog-breeding ETF listing capitalizes on pork industry boom

As the sector scales up and industrializes there are opportunities — and risks

Reuters – China’s first hog-breeding exchange traded fund (ETF) made its debut on the Shenzhen Stock Exchange on March 5, the first of three tied to the country’s booming pork sector that is rebuilding after African swine fever decimated herds in 2018. Penghua Fund Management Co.’s CSI Livestock Breeding ETF, as well as similar funds to be

China’s soymeal futures plunge on pig disease concerns

China’s soymeal futures slid nearly five per cent in their sharpest decline in eight years on Feb. 26, as investors took profit and new African swine fever outbreaks stirred concerns over demand. The most actively traded soymeal futures on the Dalian Commodity Exchange for May delivery fell 4.86 per cent to 3,485 yuan (US$539.57) per


CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle, hogs firm as U.S. stimulus plan fuels optimism

Relief bill expected to lift meat demand

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures firmed on Monday, recovering from a seven-week low hit last week, on optimism that the US$1.9 trillion COVID-19 relief bill will spur the U.S. economy and bolster demand for meat, traders said. CME April live cattle futures settled up 0.325 cent at 119.35 cents/lb.,

CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hog futures take a breather

April live cattle up, but well down off highs

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures consolidated on Friday as the market caught its breath after pulling back from contract highs reached last week. Strong demand for U.S. pork from China recently supported hog futures, as China is battling the fatal pig disease African swine fever, which increased its need


CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Pork export sales rise, profit-taking hits hog futures

Cattle futures down while beef exports up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Thursday as profit-taking overshadowed strong U.S. export demand, analysts said. The U.S. Department of Agriculture, in a weekly report, said weekly net U.S. pork export sales were 59,600 tonnes for 2021, up 68 per cent from the prior four-week average. Weekly export

CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Lean hogs up on new swine fever outbreak in China

April live cattle down, feeders up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Wednesday as China reported a new outbreak of a deadly pig disease, raising expectations that Chinese importers could increase U.S. purchases. China’s farm ministry confirmed African swine fever in piglets being illegally transported through Funing county in the southwestern province of Yunnan. The