Market reaction to the USDA’s Prospective Plantings Report Friday may realign the acres planted to corn or soybeans, the two main US crops grown in the Midwest, this year. With soybean acres above expectations and corn getting short shrift, corn futures prices shot higher Friday while soybean prices continued to plunge. The question then becomes … Read More

During the week ended Tuesday, managed money, a term for large commodity investment funds, raised its net long position in live cattle futures while commercial traders, those who own the cattle, extended their net short positions. Both positions were the largest in more than a year. The Commodity Futures Trading Commission’s weekly Commitments of Traders … Read More

The US hog herd looks to be expanding slowly, although the USDA’s National Agricultural Statistics Service Quarterly Hogs and Pigs report showed a 1% decline in all hogs and pigs from the previous quarter. The inventory of all hogs and pigs on March 1 was 70.976 million head, a gain of 2.852 million, or 4.19%, … Read More

Wholesale beef prices continue to support higher-than-expected fed cattle prices, surprising many noted market analysts who saw early year declines being prophetic for the rest of the year. Beef values have struggled a bit this week, a seasonal reaction to increased slaughter and weakening demand from grocers and restaurants getting their early April and post-Easter … Read More

Livestock producers benefitted this winter from stable corn prices, the result of a large fall harvest and struggling demand. So far this quarter, the US corn market has reflected the balance of last fall’s huge harvest, good overseas buying interest and accelerated ethanol usage, said the Livestock Marketing Information Center’s Livestock Monitor. The 15.1-billion-bushel corn … Read More

The CME Group’s live cattle futures contract changes may be too little too late, making it difficult for cattle owners and packers to hedge their live cattle ownership positions effectively, market analysts and traders said. Beginning with the Oct’17 delivery month, the CME Group’s live cattle futures contract delivery specifications change to 60% choice and … Read More

Managed money, or large commodity funds, raised their net long live cattle futures positions to their largest point in 1 ½ months during the week ended Tuesday, while commercial traders extended their net short position to their largest in more than a year. The Commodity Futures Trading Commission said in its weekly Commitments of Traders … Read More