What follows are opening calls for U.S. grain and oilseed markets.
Hog futures rose for the first time in three sessions as wholesale pork surged to the highest price on record, signaling U.S. demand is outpacing the supply of animals available to meatpackers. Cattle also gained.
Hog futures rose for the fourth time in five sessions on speculation that demand from U.S. meatpackers will increase as profit margins on pork sales improve. Cattle also gained.
Hog prices slumped to an eight-month low on signs that U.S. supplies are increasing amid waning demand. Cattle prices also dropped.
Hog futures fell the most in three weeks on signs that cuts to the U.S. hog herd have slowed as farmer profits returned. Cattle climbed.
Wheat futures fell to a two-week low as Russia prepared to lift an export ban next month and rains expected this week in Europe eased drought concerns. Corn and soybeans rose.
"We have burdensome supplies in the U.S. and around the world."
- Don Roose on Sep 11, 2014