February 28th, 2013

Cattle futures rose, extending the longest rally in three months, on signs that supplies tightened after winter storms across the central U.S. disrupted animal shipments and spurred weight losses. Hogs also increased.

Wholesale beef rose 0.9 percent yesterday to $1.8557 a pound, a four-week high, the latest government figures showed. The second major storm in two weeks covered the southern Great Plains with more than 12 inches (30 centimeters) of snow. During cold weather, livestock use more energy to stay warm, leading to lower weight.

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February 28th, 2013

Corn Futures – South Korea, Asia’s second-biggest corn buyer, may reduce imports from the U.S. for a third year as it increases cheaper purchases from South America, the largest local feed miller said.

Shipments including feed and food may fall below 2 million metric tons, from 2.84 million tons in 2012, Lee Tae Woong, a general manager at Nonghyup Feed Inc., said in an interview in Seoul on Feb. 26. Last year’s imports were the smallest amount since 2005, Korean customs data show.

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February 26th, 2013

Gasoline futures in New York tumbled the most since November as Brent crude and refined products in Europe declined. Crack spreads narrowed.

March futures fell as much as 3.1 percent. The April crack spread, or premium of gasoline over West Texas Intermediate crude on Nymex, declined $1.48 to $42.48 a barrel. The spread versus Brent crude on the ICE Futures Europe exchange in London shrank $1.05 to $21.58 a barrel. Brent slipped as Italy’s borrowing costs rose to a three-month high on concern political stalemate will worsen the country’s debt crisis.

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February 26th, 2013

Hog futures declined on speculation that demand for hogs may weaken. Cattle prices also fell.

Tyson Foods Inc. (TSN), the largest U.S. meat processor, said margins have narrowed in its beef and pork units. James Lochner, the chief operating officer of Springdale, Arkansas-based Tyson, spoke at the Goldman Sachs 17th Annual Agribusiness Conference today. U.S. meatpackers slaughtered 405,000 hogs yesterday, down 4 percent a year earlier, U.S. Department of Agriculture data show.

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February 25th, 2013

Commodity Futures – CME Group Inc. (CME), the world’s largest futures exchange, has approached Deutsche Boerse AG to consider beginning talks on a merger, according to four people familiar with the situation.

CME contacted the Frankfurt-based exchange at the end of last year, before IntercontinentalExchange Inc. (ICE) announced plans to buy NYSE Euronext on Dec. 20, said the people, who asked not to be identified as the information is private. Deutsche Boerse, which had its takeover of NYSE Euronext blocked by European regulators a year ago, is hesitant about entering discussions, the people said. Deutsche Boerse said it’s not in merger talks.

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February 25th, 2013

Cattle futures climbed on speculation that a second snowstorm in the U.S. Great Plains will disrupt movement of animals and beef supplies. Hogs dropped.

Blizzard warnings from eastern New Mexico through the Texas Panhandle into Oklahoma and Kansas, according to the National Weather Service. Winter-storm warnings and advisories reach across Missouri, Arkansas and Illinois into Wisconsin, Michigan, Indiana and Ohio. Parts of the Midwest received more than a foot (30 centimeters) of snow last week.

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Futures Trading Platforms

On February 15, 2013, in Futures Trading Platforms News Report, by Infinity Trading

February 15th, 2013

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February 14th, 2013

Cattle futures fell to a three-month low on signs of waning export demand for U.S. beef. Hogs also declined.

U.S. Department of Agriculture data showed today that beef- export sales fell to 7,302 metric tons (16.1 million pounds) in the week ended Feb. 7, down 25 percent from a week earlier. Meatpackers processed 353,000 cattle in the first three days of this week, down 1.9 percent from a year earlier.

“To get a really good market going, you need some export business,” Chad Henderson, the president of Prime Agricultural Consulting Inc., said in a telephone interview from Brookfield, Wisconsin. “On the beef side, that’s on shaky ground.”

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February 12th, 2013

Gasoline futures advanced in early trading as crude climbed after OPEC forecast stronger fuel demand in emerging economies. Calendar spreads weakened.

Gasoline futures for March delivery rose as much as 0.8 percent. West Texas Intermediate oil gained 0.5 percent. The Organization of Petroleum Exporting Countries raised its global oil demand estimate by 80,000 barrels a day from last month’s report. The March contract’s discount to April increased to the widest contango since Feb. 29.

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