Insights and Stories of Karl Plume

Mar. 18, 2019 at 5:56 am CDT

Reuters — A harsh late-winter storm broadsided a vast swath of the U.S. agriculture industry this week as heavy snow closed roads and buried cattle in the Plains while excessive rain flooded Midwest fields and swamped grain elevators. A “bomb cyclone” hurled hurricane-force winds, sparked tornadoes and dumped heavy snow […]

By Karl Plume

Mar. 8, 2019 at 6:18 pm CST

Chicago | Reuters — U.S. lean hog futures rose sharply on Friday in a technical and seasonal-buying rally that took prices to the highest in a month, traders said. Futures were also lifted by stronger cash hog and pork prices and on expectations for improving pork exports, especially if African […]

By Karl Plume

Mar. 7, 2019 at 5:53 pm CST

Chicago | Reuters — U.S. live cattle futures advanced on Thursday, lifted by firm beef and cash cattle markets and as investors took positions ahead of a monthly supply report due on Friday, traders said. Some feedlot cattle in the southern U.S. Plains traded at $128/cwt on Thursday, about steady […]

By Karl Plume

Mar. 6, 2019 at 5:38 pm CST

Chicago | Reuters — U.S. lean hog futures retreated on Wednesday after four straight sessions of gains in a technical and profit-taking setback from two-week highs as investors awaited new developments in U.S.-China trade negotiations. Cattle futures also fell broadly, although worries about a late-winter snowstorm forecast for the beef […]

By Karl Plume

Feb. 25, 2019 at 5:28 pm CST

Chicago | Reuters — U.S. soybean futures climbed to a 2-1/2-week high on Monday on hopes for a trade agreement between Washington and Beijing and after China vowed late last week to make additional U.S. soybean purchases. Wheat futures plunged around four per cent to fresh contract lows on technical […]

By Karl Plume