Lower cash, pork prices pull down CME hog futures

CHICAGO, Dec 6 (Reuters) – Chicago Mercantile Exchange lean hogs finished lower on Wednesday, pressured by weaker cash and wholesale pork prices, said traders. The said fund liquidation further weighed on the market. December hogs, which will expire on Dec. 14, ended down 0.450 cent per pound at 63.825 cents. Most actively-traded February closed 1.550 […] Read more

Statistics Canada sees surprisingly big canola, wheat harvests

WINNIPEG, Manitoba/OTTAWA, Dec 6 – Canadian farmers harvested larger crops than expected this autumn, reaping record-large canola output and surprisingly big wheat and durum crops, a Statistics Canada report showed on Wednesday. Dry weather in some areas in the summer and a late harvest in Western Canada made the size of crops in the world’s […] Read more

CME feeder cattle futures 3-month low on fund selloff

CHICAGO, Dec 5 (Reuters) – Chicago Mercantile Exchange feeder cattle futures on Tuesday hit a three-month low, led by fund liquidation after contracts slipped beneath chart support levels, said traders. CME live cattle market selling, and as much as $5 per cwt lower cash feeder cattle prices, pressured the market, they said. January feeder cattle […] Read more

Cash price jitters drop CME live cattle to 4-1/2 month low

CHICAGO, Dec 4 (Reuters) – Chicago Mercantile Exchange live cattle futures slid to their lowest level in almost five months on Monday, led by the prospect that packers might pay less for supplies later this week, said traders. December live cattle finished down 0.850 cent per pound at 116.375 cents, and February ended 0.800 cent […] Read more

Trudeau says Canada will keep exploring trade deal with China

BEIJING, China (Reuters) — Canada will continue to explore a free trade agreement with China, Prime Minister Justin Trudeau said today, as it weighs its options after the United States threatened to pull out of the North American Free Trade Agreement. The announcement appears to delay what was expected to be an announcement of the […] Read more

India’s wheat, pulses output seen rising, to curb imports-trade

MUMBAI, Nov 29 (Reuters) — India’s production of wheat and pulses is expected to jump in 2018 as a hike in the government’s assured purchase prices and ample rainfall have prompted farmers to plant more of the winter crops, industry officials told Reuters. Higher production will help the south Asian country reduce imports of pulses […] Read more

CME live cattle climb as cash prices seen rising

CHICAGO, Nov 27 (Reuters) – Chicago Mercantile Exchange live cattle futures rose on Monday as profitable packer margins and firm beef prices fueled expectations that cash cattle would trade at higher prices this week. December live cattle finished up 1.250 cents per pound at 119.825 cents after holding chart-based support at the 50-day moving average […] Read more

Germany swings EU vote in favour of glyphosate

BRUSSELS, Belgium (Reuters) — Germany defeated its key European Union ally France in a very tight vote today to clear the use of glyphosate for the next five years after a heated debate over whether it causes cancer. After months of indecisive votes among the 28 member states in Brussels, Germany, where Chancellor Angela Merkel […] Read more

Profit-taking undercuts CME live cattle futures

CHICAGO, Nov 24 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday were weakened by profit-taking during a shortened session following the U.S. Thanksgiving Day holiday. CME livestock markets closed early at 12:15 p.m. CST (1815 GMT) and will resume on Monday at 8:30 a.m. CST (1430 GMT). Technical selling, and potential cattle supply […] Read more

NAFTA talks hit wall as Mexico, Canada push back on U.S. demands

MEXICO CITY, Nov 21 (Reuters) – The United States, Mexico and Canada failed to resolve any major differences in a fifth round of talks to rework the NAFTA trade deal, drawing a swift complaint from the Trump administration on Tuesday that the lack of progress could doom the process. The three nations have vowed to […] Read more