Markets
CHICAGO, Sept 25 (Reuters) – Chicago Mercantile Exchange cattle futures tumbled about 2 percent on Monday after government data on Friday showed bigger-than-expected placements of cattle on feed in August. Most-active CME December live cattle dropped by the daily price limit of 3.000 cents to finish at 114.425 cents per pound, reversing from Friday’s 1-1/2 […] Read more
Markets
LIVESTOCK – Cattle drop 3-cent price limit after bearish USDA report
Cattle hit 1-month high ahead of USDA data, hogs extend losses
CHICAGO, Sept 22 (Reuters) – U.S. live cattle futures jumped to the highest levels in over a month on Friday, lifted by technical buying and expectations for bullish government supply data that was due after the close of trading. The U.S. Department of Agriculture’s (USDA) Cattle and Feed report, however, was deemed bearish by analysts, […] Read more
U.S. cattle placements spike in August, portending more beef in 2018
CHICAGO, Sept 22 (Reuters) – Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about 3 percent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline […] Read more
Market wrap: Canola rallies $5.70 on the week
Canola futures rose Friday with support from soybeans, which climbed on strong U.S. exports and concerns about South American weather. The cool, cloudy and sometimes wet weather that is interfering with harvest in a large part of the Prairies this week is now expected to continue into the early part of next week, according to […] Read more
Canada seen unlikely to walk away from NAFTA
OTTAWA, Sept 22 (Reuters) – Despite Canada’s threats to walk away from NAFTA talks if necessary, its limited success in diversifying exports leaves the nation too reliant on U.S. markets to play hardball, government insiders and trade experts say. Negotiators from Canada, Mexico and the United States will gather in Ottawa on Saturday for the […] Read more
WTO investigates China-US row on grain import quotas
GENEVA, Sept 22 (Reuters) – A World Trade Organization (WTO) dispute panel was set up on Friday to rule on a U.S. complaint over Chinese import quotas on farm goods including wheat, rice and corn, a trade official said. The panel on tariff rate quotas (TRQs) for agricultural products was automatically established as it was […] Read more
CME Oct hog futures fall to contract low on cash declines
CHICAGO, Sept 21 (Reuters) – Chicago Mercantile Exchange October lean hog futures fell sharply to a contract low on Thursday, weighed down by a months-long decline in cash prices and abundant supplies, traders said. Deferred hog futures contracts as well as most live cattle and feeder cattle contracts also eased on technical selling and profit-taking. […] Read more
Russian wheat output shocks markets
Russian wheat farmers have been partying this year, and the world market is likely to be nursing a hangover for two years, say analysts. The massive size of the Russian wheat crop not only pushes their grain exports to the limit for this year but will leave huge stockpiles for the 2018-19 crop year. “With […] Read more
Ample pea supply makes rally unlikely
Large pea crops in the Black Sea and Baltic Sea regions could prevent a fall price rally this year, says an analyst. Russia harvested 2.3 million tonnes of the crop, down from 2.6 million tonnes last year, according to Viktor Korobko, director of Veles-Agro Broker Ltd. in Odessa, Ukraine, and author of a weekly grain […] Read more
U.S. winter wheat plantings might be smaller
U.S. farmers planted the second smallest winter wheat crop in more than a century of recorded history last year. This year’s crop may be even smaller, according to executives of wheat groups in three states that account for half of the acres. “There is no market signal right now to increase wheat acres and until […] Read more
