Disrupted agricultural trade hurt both sides particularly hard because China is the world's biggest soybean importer and last year relied on the United States for $12 billion worth of the oilseed. | USDA photo

Trade wars cost U.S., China billions of dollars each in 2018

CHICAGO, Ill. (Reuters) — The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, it had an overall […] Read more

Lush soybean fields point to bumper harvest in central Illinois -tour

ROCK ISLAND, Ill. – Soybean plants in central and west-central Illinois, the top growing U.S. soy state, had abundant pods that pointed to a bumper harvest, scouts on an annual crop tour found on Wednesday. The corn crop in this part of Illinois, which trails only Iowa in corn production, also was above average although […] Read more

Drought to shrink Kansas wheat crop to smallest since 1989

MANHATTAN, Kan., May 3 (Reuters) – Drought sapped yield potential for the Kansas wheat crop and likely will result in the smallest harvest in the top wheat growing state since 1989, scouts said on the final day of a annual crop tour on Thursday. The crop shortfall could mean higher prices for wheat that would […] Read more

Wheat rises to seven-month high on low U.S. crop ratings

CHICAGO(Reuters) – U.S. wheat prices rose to roughly seven-month highs on Tuesday as low crop ratings and limited chances of rain in drought-hit parts of the Plains growing region kept attention on the risk of yield losses. The gains were fueled by U.S. Department of Agriculture data released late on Monday that rated the wheat […] Read more

U.S. pork demand strong, but trade disputes could hit exports

CHICAGO (Reuters) – American consumers are snapping up plentiful low-cost pork, but U.S. farmers are worried that trade spats with key export markets in China, Mexico and Canada could hurt a lucrative part of their pork business. The domestic demand outlook remains bright thanks to the strong U.S. economy, upcoming spring grilling season and Easter […] Read more

Cattle futures rise again on cash hopes, hogs widely mixed

CHICAGO, Nov 1 (Reuters) – U.S. live cattle futures bounded to life-of-contract highs for the third straight session on Wednesday, rising on expectations that beef packers will continue paying higher prices in Plains cash markets, traders said. About 1,500 cattle sold at the weekly Fed Cattle Exchange online auction at $120 per cwt, which was […] Read more

Cattle futures surge to contract highs on higher cash prices

CHICAGO, Oct 30 (Reuters) – U.S. live cattle and feeder cattle futures contracts surged to lifetime peaks on Monday, boosted by unexpectedly high-priced sales in cash cattle markets that occurred after the futures close on Friday, traders said. Cattle futures on the Chicago Mercantile Exchange surpassed Friday’s highs when trade resumed on Monday and some […] Read more

Hogs rise on stronger cash markets; cattle about flat

CHICAGO, Oct 11 (Reuters) – Chicago Mercantile Exchange lean hogs climbed for the second straight session on Wednesday, buoyed by short-covering and rising cash hog prices, traders and analysts said. Live cattle and feeder cattle futures each were little-changed in relatively light-volume trading in livestock futures ahead of a U.S. Department of Agriculture monthly grain […] Read more