CME August 2023 feeder cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle weaken off new contract highs

Lean hogs down off highest since mid-May

Chicago | Reuters — Chicago Mercantile Exchange cattle futures weakened on a technical setback on Wednesday, closing in negative territory after rising to fresh contract highs during the session. Hog futures were also weaker. Benchmark CME August live cattle futures settled down 2.3 cents at 173.2 cents/lb. after posting a fresh contract high of 175.95



CME August 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle rally to contract highs

July lean hogs also higher

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied to fresh contract highs on Tuesday, supported by technical buying and strength in the cash market, traders said. Livestock traders did not see any reason to disrupt the recent trend at a time of strong seasonal demand, with traditionally active grilling holidays such as Father’s

Trucks wait for crossing into Poland at the Rava-Ruska border checkpoint in Ukraine’s Lviv region on April 17, 2023. (Photo: Reuters/Roman Baluk)

EU extends restrictions on Ukrainian grain imports

Restrictions won't apply to seed for planting

Warsaw/Brussels | Reuters — The European Commission said Monday it was extending until Sept. 15 an arrangement whereby five of Ukraine’s EU neighbours can restrict imports of Ukrainian grain. The EU on May 2 allowed the five countries — Bulgaria, Hungary, Poland, Romania and Slovakia — to ban domestic sales of Ukrainian wheat, maize, rapeseed


CBOT July corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soybean futures sag on demand woes

U.S. wheat futures firm

Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Monday, retreating from gains made during the overnight trading session on signs that already light export demand for U.S. supplies had weakened further, traders said. Wheat futures were firm, with the biggest gains being notched by K.C. hard red winter wheat

CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle futures rise, hog futures dip

Wholesale pork highest since mid-November

Chicago | Reuters — Chicago Mercantile Exchange extended their rally on Monday, with strong cash prices and technical buyers pushing the market higher. Live cattle contracts have risen for eight straight sessions and feeder cattle contracts have posted gains for five sessions in a row. But hog futures closed weaker even as pork prices surged


sows

California animal housing law spells trouble for local trade

Prop 12 stipulates out-of-state farms must meet specific housing standards to sell in California -- and Canadian regulations may not meet them

Pork groups say a recently upheld U.S. law, which could reduce the flow of Manitoba-born weanlings to the United States, will contribute to breakdowns in an integrated Canada-U.S. market. If individual states can introduce non-tariff trade barriers, “it will change the fundamental dynamic of how we can handle international trade negotiations,” said Stephen Heckbert, executive

File photo of a cornfield in Mexico. (Roberto Cabrera/iStock/Getty Images)

U.S. escalates dispute with Mexico over GM corn

Canada 'considering next steps'

Mexico City | Reuters — The U.S. is escalating its conflict with Mexico over agriculture biotech measures, including the stance on genetically modified (GM) corn, by requesting dispute settlement consultations, senior officials of the U.S. Trade Representative’s office said on Friday. The North American neighbours are inching closer to a full-blown trade dispute under the


CME August 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle extend rally on surging cash market

Lean hogs follow firm trend

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended their run of life-of-contract highs on Friday, supported by a jump in cash cattle prices this week along with rising beef prices, traders said. Benchmark CME August live cattle futures settled up 0.525 cent at 172.9 cents/lb. after posting a contract high at 174.25

CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soy up on weather worries, macroeconomic optimism

Black Sea tensions, China weather support wheat

Chicago | Reuters — U.S. corn and soybean futures closed higher on Friday, lifted by bargain-buying following this week’s multi-month lows, dryness in the Midwest crop belt and spillover strength from equities and crude oil, traders said. Wheat followed the firm trend, drawing additional support from weather concerns in China and tensions over a shipping