Markets
CHICAGO, June 7 (Reuters) – Most Chicago Mercantile Exchange live cattle contracts closed moderately lower on Tuesday after traders sold deferred months and bought June as wholesale beef values improved, traders said. June live cattle closed up 0.450 cent per lb to 121.225 cents. August ended 0.550 cent per lb lower at 116.000 cents, and […] Read more
Markets
LIVESTOCK: CME live cattle futures finish mostly weak, hogs lower
Canada weighs options as farmers spar over U.S. milk proteins
WINNIPEG, Manitoba, June 7 (Reuters) – Canada is working on a plan to shore up its sheltered dairy industry, including measures to counter fast-rising imports of milk proteins from the United States, according to the country’s agriculture minister. Any new support risks widening a trade dispute among North America’s dairy farmers over $150 million worth […] Read more
Rain-soaked French wheat could dent European crop this year
PARIS, June 7 (Reuters) – Torrential rain in France could cut wheat yields in the European Union’s biggest grower but better conditions in countries including Germany are keeping western Europe on course for another large harvest this year. Forecasters have in recent weeks increased their expectations for EU soft wheat production, with the European Commission […] Read more
Drenching U.S. Southeast, Tropical Storm Colin heads to Atlantic
TAMPA, Fla., June 7 (Reuters) – Tropical Storm Colin blasted torrential rain and winds across the U.S. Southeast on Tuesday, triggering a mix of floods, hazardous surf and other severe weather conditions in a broad swath between Florida and North Carolina as it moved out to sea. The storm, located 45 miles (75 km) south […] Read more
LIVESTOCK-Fund sales reverse initial CME live cattle futures gains
CHICAGO, June 6 (Reuters) – Chicago Mercantile Exchange live cattle futures on Monday settled lower after profit-taking and fund liquidation beat back early-session advances following Friday’s higher cash prices, traders said. June live cattle closed 1.225 cents per lb lower at 120.775 cents, and August ended down 1.250 cents to 116.550 cents. Last week packers […] Read more
Early harvested corn pushes down record Brazilian prices
SAO PAULO, June 6 (Reuters) – Early harvested corn hitting Brazil’s grain markets is lowering record high prices, which have hurt the country’s massive poultry and pork industries, specialists said on Monday. Despite the small size of the lots coming early from the fields of Mato Grosso and Parana, Brazil’s biggest producer states of the […] Read more
U.S. Plains weather seen drier, aiding wheat harvest, quality
CHICAGO, June 3 (Reuters) – Warmer and drier weather expected for the southern U.S. Plains next week should jump-start the harvest of the region’s hard red winter wheat crop and ease concerns about grain quality, meteorologists said on Friday. “By late next week we will be in the upper 80s and 90s (degrees Fahrenheit). That […] Read more
Hong Kong suspends live poultry trade on bird flu concerns
SHANGHAI, June 6 (Reuters) – Hong Kong decided on Sunday to suspend trade in live poultry after a spot check at a local street market revealed the presence of H7N9 bird flu virus, China’s official Xinhua News Service reported on Monday. The report, citing a statement from Hong Kong’s food and environmental hygiene department, said […] Read more
LIVESTOCK-CME live cattle futures rise on cash price outlook
CHICAGO, June 3 (Reuters) – Chicago Mercantile Exchange live cattle futures finished firm on Friday in anticipation of better cash prices than last week, traders said. June live cattle closed 0.275 cent per lb higher at 122.000 cents, and August ended up 0.150 cent to 117.800 cents. After futures closed, a small volume of market-ready, […] Read more
U.S. ethanol prices at 18-month highs raise expectations of rising output
NEW YORK/CHICAGO, June 2 (Reuters) – The rise in U.S. ethanol prices, which hit their highest in 18 months on Thursday, could be about to lose steam as the move draws more production back into the market and potentially puts off buyers, traders and experts said. Cash prices have been following futures prices for ethanol, […] Read more
