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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle rise on firmer cash price expectations

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Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Friday gained for a second straight day, guided by expectations for steady-to-higher cash prices by late Friday, traders said. October live cattle, which expire on Oct. 31, finished 1.225 cents/lb. higher at 115.375 cents (all figures US$). Most actively traded December closed up
(Photo courtesy United Soybean Board)
Crops, Markets

U.S. grains: Soybeans fall as harvest speeds up

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Chicago | Reuters — U.S. soybean futures eased on Tuesday after a U.S. government report showed farmers had increased their pace of harvesting what is expected to be a massive crop after a slow start, analysts said. Corn and wheat futures also settled in positive territory, recovering early losses after holding support at key technical
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets

U.S. livestock: Profit-taking, cash prices drop CME hogs

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Monday, pressured by profit-taking following the morning’s cash price drop, traders said. December hogs finished 1.325 cents/lb. lower at 63.525 cents, and February ended 0.875 cent lower at 68.225 cents (all figures US$). Some investors sold futures after analysts predicted a 480,000-plus head
(USDA.gov via Flickr)
Livestock, Markets

U.S. September cattle placements surge

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Chicago | Reuters — Ranchers in September drove 13.5 per cent more cattle into U.S. feedlots than the same month a year earlier, the U.S. Department of Agriculture reported on Friday. The result topped analysts’ average forecasts and hit its highest level for the month in six years. “The good news for the consumer is
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets

U.S. livestock: CME hogs hit two-month high

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Thursday, hitting their highest level in two months led by steadily climbing prices for market-ready, or cash, hogs as packers competed for supplies, said traders. December hogs finished 0.5 cent/lb. higher at 64.250 cents, and February ended 0.475 cent higher at 68.475 cent
(Lisa Guenther photo)
Crops, Markets

CBOT weekly outlook: Corn, soy steady as attention turns to South America

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CNS Canada — Soybean and corn futures at the Chicago Board of Trade are both keeping rangebound as attention shifts from last week’s U.S. Department of Agriculture supply/demand report to South American growing conditions. During the week ended Wednesday the December corn contract rose 2.5 cents, to $3.485 per bushel (all figures US$). On the

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