CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)

U.S. livestock: CME live cattle firm, drought accelerates selling

Lean hog futures follow cash prices up

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed on Wednesday, underpinned as ranchers move up placements of calves amid drought conditions across the southern U.S. Plains, analysts said. “The fall-weaned calves are starting to come through,” said Austin Schroeder, commodity analyst at Brugler Marketing. “Placements have been pushed ahead, with the drought.”

CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Corn, soybeans steady

U.S. Midwest rain, Ukraine sea exports add pressure

Chicago | Reuters — Chicago soybeans inched higher on Wednesday, bouncing from two days of declines, though the recovery was limited by rain improving weather forecasts in the U.S. Midwest. Wheat prices fell, pressured by increased export activity from Ukraine, while corn traded near even. The most-active soybean contract on the Chicago Board of Trade


(Photo courtesy Canada Beef Inc.)

Klassen: Hot demand sustains yearling market

Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Heavier calves over 700 lbs. were quoted $2-$4 higher on average. Calves under 700 lbs. were quite variable. There were limited numbers on offer in the lighter weight categories and the market remains in price discovery mode. Larger strings of

CME September 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

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


CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)

U.S. grains: Grains fall on weather, Ukrainian exports

Concerns over Chinese economic growth weigh on soybeans, corn

Chicago | Reuters — Chicago corn, wheat and soybean futures fell for a second day on Tuesday, pressured by rainfall across parts of the U.S. Midwest, as well as economic uncertainty in China and grain shipments from war-torn Ukraine. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 31-1/4 cents to $13.81

CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)

U.S. grains: Soy dives on China’s economic uncertainty

Improved outlook for Ukraine exports weighs on grains

Chicago | Reuters — Chicago soybeans fell on Monday, pressured by forecasts for beneficial rainfall in parts of the U.S. Midwest and unexpected data from China that suggested declining demand for U.S. agricultural commodities from the country. The People’s Bank of China cut key interest rates on weaker-than-expected economic data from the world’s second-largest economy,


CME October 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)

U.S. livestock: Lean hog, live cattle futures down on profit-taking

CME September feeder cattle also down

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed lower on Friday on cooling wholesale pork prices and profit-taking at week’s end, a day after the benchmark October contract set a life-of-contract high. Cattle futures also set back on profit-taking, but the most-active October live cattle contract posted a second straight weekly advance,

(Thinkstock photo)

Prairie cash wheat: Bids show some strength

U.S. wheat futures, loonie up on week

MarketsFarm — Spring wheat bids in Western Canada moved higher during the week ended Thursday, taking back most of the losses from the previous week as gains in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $12-$15.50 per tonne during the week ended Thursday,


CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Chicago soy futures bounce back after USDA forecasts

Corn crop forecast to be smaller than expected due to weather

Chicago | Reuters — Chicago soybean futures turned higher on Friday, as traders questioned a surprisingly large record-crop forecast and focused instead on August weather as recent hot and dry days threaten key U.S. growing areas. Soybean futures slid sharply after the U.S. Agriculture Department on Friday forecast U.S. soy farmers would glean a record

CBOT November 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Chicago grains firm on yield uncertainty ahead of USDA report

Grains also underpinned by U.S. dollar fall after inflation data

Chicago | Reuters — Chicago wheat and soybean futures closed higher on Thursday as a weaker U.S. dollar lent support to dollar-priced commodities and traders squared up their positions ahead of a key government report. Meanwhile, corn futures firmed, supported by concerns about hot and dry weather stressing the U.S. Midwest crop through its final