Insights and Stories of Heather Schlitz

Jun. 7, 2024 at 5:34 pm CDT

Chicago Mercantile Exchange live cattle futures ended mixed on Friday as wholesale beef price firmed and packer margins improved, but traders remain concerned that cash market values may be near a seasonal peak, analysts said.

By Heather Schlitz, Reuters

Jun. 7, 2024 at 4:39 pm CDT

Chicago wheat futures Wv1 fell for an eighth day on Friday for their lowest close in a month after Turkey said it would halt wheat imports in a blow to the global demand outlook.

By Heather Schlitz, Reuters

Jun. 6, 2024 at 5:34 pm CDT

Chicago Board of Trade corn Cv1 and soybean Sv1 futures rose on Thursday as news of tighter rules on industry tax credits in Brazil made traders and producers hopeful that it could boost U.S. export business, traders said.

By Heather Schlitz, Reuters

Jun. 6, 2024 at 5:29 pm CDT

Live cattle and feeder cattle futures closed mostly lower at the Chicago Mercantile Exchange on Thursday as slow sales of beef products such as hamburgers and steak weighed on prices, Altin Kalo, economist at Steiner Group, said.

By Heather Schlitz, Reuters

Jun. 5, 2024 at 5:00 pm CDT

Lean hog futures closed at their lowest price since January at the Chicago Mercantile Exchange on Wednesday as traders focused on a potential oversupply of U.S. pork heading into the summer barbecue season.

By Heather Schlitz, Reuters