Markets
CHICAGO, Aug 18 (Reuters) – Chicago Mercantile Exchange live cattle futures finished lower for a fourth straight session on Thursday, saddled by fund liquidation after slipping below technical support levels, traders said. August live cattle ended 1.175 cents per pound lower at 113.575 cents. October closed 1.825 cents lower at 110.575 cents and below the […] Read more
Markets
CME live cattle futures losses mount in fund selloff
Poor European crops may help Russian sales
MOSCOW, Russia (Reuters) — Russian farmers are expected to harvest the largest grain crop since the breakup of the Soviet Union, and they hope to take advantage of poor crops in Western Europe. Russia’s agriculture ministry expects the country to harvest up to 110 million tonnes, of which 70 million tonnes have already been threshed […] Read more
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 markets stagnant The Canadian fed cattle market is in the usual summer doldrums with weaker basis […] Read more
WP livestock report
Hogs down Hog and pork prices continued to fall on ample volume. The U.S. national live price average for barrows and gilts was $47.59 per cwt. Aug. 12, down from $49.71 Aug. 5. U.S. hogs averaged $62.77 on a carcass basis Aug. 12, down from $62.84 July 29. The U.S. pork cutout was $74.76 per cwt. […] Read more
U.S., Canada producing ample durum but quality may be in short supply
There may be production problems in France and possibly higher than usual demand in North Africa, but a large durum crop in North America will easily fill those market voids, says a market analyst. Consequently, it’s difficult to feel optimistic about durum prices. “I’m not very friendly on the durum market,” said Chuck Penner, owner […] Read more
VIDEO: Canada’s agricultural markets update – August 17, 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. Crops:
Pork price turnaround sends CME lean hog futures higher
CHICAGO, Aug 17 (Reuters) – Chicago Mercantile Exchange lean hog contracts finished higher on Wednesday, ignited by short-covering after Tuesday’s selloff and the morning’s wholesale pork price rebound, said traders. October ended 1.150 cents per pound higher at 61.000 cents, and December finished up 1.300 cents to 56.750. After falling almost $3 per cwt the […] Read more
Hogs slump in reversal on pork price declines, cattle weak
CHICAGO, Aug 16 (Reuters) – U.S. lean hog futures declined by as much as 3.8 percent on Tuesday, reversing from earlier three-week highs on fund selling linked to declines in wholesale pork prices, traders said. Chicago Mercantile Exchange cattle futures also eased but saw smaller declines than hog prices as some investors unwound long hog […] Read more
Crop market rebound likely short-lived
Monday saw most United States crop markets continue the bounce up, even with the bad news that arrived with Friday’s U.S. Department of Agriculture reports. Canola futures also rose. While the reports carried bearish news for corn and soybeans — with crop estimates at the high end of analyst expectations or even higher — shorts […] Read more
CME lean hogs up again on cash, pork prices
CHICAGO, Aug 15 (Reuters) – Chicago Mercantile Exchange lean hog contracts closed higher for a second consecutive session on Monday, buoyed by stronger cash and wholesale pork prices, traders said. October ended 2.500 cents per lb higher at 62.500 cents and December finished up 2.075 cents to 57.025. Cash hog prices in the U.S. Midwest […] Read more
