Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures scaled to a record high on Wednesday on strong cash market prices and tight supplies as the U.S. border remains closed to Mexican imports due to the northward spread of the parasitic pest screwworm. Live cattle followed feeders higher, supported by a rebound in wholesale […] Read more
Tag Archives closing markets
U.S. grains: Soybeans gain on lackluster harvest sales, lower yield outlook
Chicago | Reuters — U.S. soybean futures rose for a second straight day on Wednesday on expectations that U.S. harvest yields will be lower than the latest government forecast and on limited sales by farmers awaiting news from U.S.-China trade talks and details of government aid. Corn followed soybeans higher as an expected yield forecast […] Read more
U.S. livestock: Cattle futures gain on higher beef values, tight supplies
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed for a third straight session on Tuesday, propelled by rising beef prices and strong gains in the feeder cattle market, analysts said. Feeder cattle futures reached their highest point in six weeks on tight supplies of animals and an ongoing ban on Mexican imports […] Read more
U.S. grains: Soybeans tick up as market weighs crops, U.S.-China ties
U.S. soybean futures firmed on Tuesday on technical and seasonal buying after two sessions of losses, as traders monitored U.S. harvesting, Brazilian planting progress and updates on trade negotiations with China and a U.S. farmer bailout package.
U.S. livestock: Cattle futures spike, hogs mixed
Chicago cattle futures closed sharply up on Monday while lean hog futures were mixed. “Two large trades were seen at two different levels in the feeder cattle market, suggesting this may have been a short covering rally,” wrote analyst Christopher B. Swift. Most-active November feeders closed at 360.800 cents a pound, up 5.375 cents. January […] Read more
U.S. grains: Soybean ease on harvest pressure, competition from Brazil
U.S. soybean futures eased on Monday on active harvesting across the Midwest farm belt and brisk early planting as well as exports in rival supplier Brazil, and as top importer China continues to shun U.S. supplies.
U.S. livestock: Cattle rebound on technical buying
Chicago | Reuters – Chicago Mercantile Exchange cattle futures rebounded on technical buying on Friday, though declining wholesale beef prices and weaker cash markets have weighed on prices, analysts said. CME December live cattle LCZ25 rose 1.025 cents to end at 234.50 cents per pound. CME November feeder cattle FCX25 rose 3.025 cents to end […] Read more
U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes
U.S. soybean futures closed lower on Friday as pressure from a fast-advancing U.S. harvest offset early-session support from hopes that upcoming U.S.-China talks could revive stalled soybean trade.
U.S. livestock: CME cattle fall on profit-taking
Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on profit-taking on Thursday, though hopes for the border reopening to Mexican cattle imports have also put a damper on prices. On Tuesday, the U.S. Food and Drug Administration announced it had approved Dectomax-CA1, an injectable anti-parasitic medication, to prevent and treat screwworm in cattle. […] Read more
U.S. grains: Soybeans rebound as market weighs China prospects
Chicago soybean futures ticked higher on Thursday, continuing the previous day’s rebound as the market assessed chances for a resumption in Chinese demand following comments by U.S. President Donald Trump.
