Markets
Hog slaughter record The week’s U.S. slaughter set a new record high at 2.532 million, topping the previous record set two weeks previously. As packers approach capacity, the hog price again weakened. Hog supply was ample. Iowa State University calculations put the average net loss for hogs marketed in the state in September at -$15.77 […] Read more
Markets
WP livestock report
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed cattle up The weighted average steer price was $138.43 per hundredweight, up $3.51, and heifers were […] Read more
Rain delays Australia wheat harvest, could dampen exports
SINGAPORE/SYDNEY, Nov 10 (Reuters) – Rain is delaying the wheat harvest in parts of Australia, threatening to disrupt deliveries from the world’s No.4 exporter of the grain to key markets such as India and Indonesia. Expecting a near-record crop of close to 30 million tonnes, exporters had sold new-crop wheat for shipment in November and […] Read more
VIDEO: Canada’s agricultural markets update – November 9, 2016
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.
CME live cattle futures shrug off early losses
CHICAGO, Nov 9 (Reuters) – Chicago Mercantile Exchange live cattle futures closed higher on Wednesday after bargain buying and cash price expectations offset initial selling, said traders. CME cattle and hog market participants at first sold futures after Donald Trump unexpectedly won the U.S. presidential election on Tuesday. “People are still concerned about what a […] Read more
U.S. corn, soybean harvests bigger than expected — USDA
WASHINGTON, Nov. 9 (Reuters) – The U.S. Department of Agriculture raised its already record forecast for U.S. corn and soybean harvests on Wednesday, with gains keyed by increased yield estimates in major production states such as Iowa, Minnesota and Ohio. The market expected a soybean increase, but thought corn would be smaller. The bumper harvest […] Read more
Bargain buying reverses CME live cattle futures skid
CHICAGO, Nov 8 (Reuters) – Chicago Mercantile Exchange live cattle futures rallied on Tuesday as strength from bargain buying and short-covering ended the market’s four-session slide, said traders. They said futures garnered more support from fund buying after contracts broke through technical resistance levels. Most actively traded December live cattle closed 0.950 cent per pound […] Read more
Brazil’s harvest could start in December thanks to early seeded crop
SAO PAULO, Nov 8 (Reuters) – Harvest is expected to start early in Brazil, as soon as early December because of rapid seeding. That should send exports of soybeans and corn onto global markets sooner than normal this season, which could create headwinds for bullish positions on grains futures markets. Widespread early spring rains over […] Read more
CME live cattle futures losses mount; hogs rally
CHICAGO, Nov 7 (Reuters) – Chicago Mercantile Exchange live cattle futures closed lower for a fourth straight session on Monday, led by initial technical selling and a retreat in wholesale beef values, said traders. Most actively traded December live cattle closed 1.075 cents per pound lower at 101.650 cents, and settled nearly par with the […] Read more
CME live cattle, hog futures extends losses
CHICAGO, Nov 4 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday settled in negative territory for the third straight day after cash prices fell short of investors’ expectations, said traders. CME live cattle losses mounted after falling below technical support levels, which triggered sell stops and fund liquidation. Most actively-traded December live cattle […] Read more
