Insights and Stories of P.J. Huffstutter

U.S. livestock: Lean hog, cattle futures lower on profit-taking

Oct. 9, 2024 at 5:21 pm CDT

Chicago Mercantile Exchange lean hog and cattle futures fell on Wednesday on signs of profit-taking, as wholesale prices continued to say firm and strength in the financial markets gave grain futures a boost, analysts said.

Exterior of the Chicago Board of Trade building.

U.S. grains: Wheat extends rally with weather, war risks in focus

Oct. 2, 2024 at 4:20 pm CDT

By P.J. Huffstutter Reuters

U.S. livestock: Cattle, lean hogs futures rally on technical buying

Oct. 2, 2024 at 4:10 pm CDT

By P.J. Huffstutter Reuters

US port strike disrupts hamburger supplies, frozen seafood

Oct. 2, 2024 at 4:00 pm CDT

By P.J. Huffstutter Reuters Tom Polansek

U.S. livestock: Lean hogs, live cattle futures higher; feeders ease

Oct. 1, 2024 at 6:18 pm CDT

By P.J. Huffstutter Reuters

U.S. grains: Wheat rallies on drought, geopolitical tensions; corn follows

Oct. 1, 2024 at 4:25 pm CDT

Corn futures set new 3-month highs on support from wheat, and as oil prices jumped on Tuesday, after the Israeli military said on Tuesday that missiles had been launched from Iran at Israel and NATO's new chief Mark Rutte voiced strong support for Ukraine.

By P.J. Huffstutter Reuters

U.S. livestock: Cattle close higher, lean hogs fall ahead of USDA report

Sep. 26, 2024 at 3:23 pm CDT

Feeder and live cattle futures turned higher on Thursday, as technical trading, a steady cash market and weakness in grain futures gave cattle contracts a boost.

By P.J. Huffstutter Reuters

U.S. grains: CBOT soybeans, wheat see volatile trade as drought risks weigh

Sep. 26, 2024 at 2:30 pm CDT

Chicago soybeans touched a new two-month peak before ending lower on Tuesday, amid questions over export demand and late-season drought impacts on U.S. crop yields, traders said.

By P.J. Huffstutter Reuters

USDA forecasts smaller drop in 2024 farm income

Sep. 5, 2024 at 3:24 pm CDT

Chicago | Reuters – U.S. farm income will fall for a second consecutive year in 2024, but not as much as previously expected as prices of livestock and egg products boom and production expenses ease, the U.S. Department of Agriculture said on Thursday. Declining farm income could ripple across the […]

By P.J. Huffstutter

A View of the Mississippi River in Illinois

Low water on Mississippi River impacts barges, grain exports ahead of harvest

Sep. 4, 2024 at 4:00 pm CDT

Chicago | Reuters – Low water conditions have led to several barges running aground along a key stretch of the lower Mississippi River, the U.S. Coast Guard told Reuters on Wednesday, just as the busiest U.S. grain export season gets underway. Low water levels are slowing export-bound barge shipments of […]

By P.J. Huffstutter