The latest Market Talks covering Commodities. Published exclusively on Dow Jones Newswires throughout the day.

1551 ET - CME livestock futures drop as cutout prices stay historically low. On the pork side, cutout prices have given way more than typical for this time of year, according to USDA data. Average afternoon prices for pork cutouts has fallen 11% in September. In recent years, pork cutout prices have been flat to slightly lower in the month of September, after the summer grilling season concludes. Lean hog futures settled trading down 0.8% to 68.5 cents a pound, and live cattle finish down 0.5% to $2.20975 a pound. (kirk.maltais@wsj.com)

1515 ET [Dow Jones]--Front-month crude-oil futures settled trading up 0.2% to $92.60 a barrel. That's after crude oil jumped to up around 3% in morning trade. This makes it 2 of the past 3 trading sessions that crude oil has finished trading higher. Putting pressure on crude-oil futures was the reopening of the East-West pipeline by Saudi Arabia, bringing on the pipeline for the first time since Sept. 10, when the pipeline suffered damage from drone attacks. Front-month Brent crude oil settled up 0.9% to $105.28 a barrel. (kirk.maltais@wsj.com)

1503 ET [Dow Jones]--Natural-gas futures finished trading down 6.1% to $3 per mmBtu. It's the largest decline in natural-gas futures since July, the second straight session that natural-gas futures sank, reversing big gains posted last week in response to a disruption of a pipeline in West Virginia. "Today's selling is attributed to profit-taking and several bearish factors in play," says NatGasWeather.com in a note. Mild temperatures in the U.S. are also affecting retail demand for natural gas. (kirk.maltais@wsj.com)

1417 ET - CBOT grain futures liquidated long holdings throughout the day, trading out of the sizable long positions reported by the CFTC in Friday's Commitment of Traders report. "Chicago corn, soybean, and wheat futures are liquidating into the end of September and the NASS Final Small Grain and Stocks report on Wednesday," said AgResource. The firm adds that "[we look] for a trading bottom in the next 48 hours followed by a rally that does not peak until mid-November." Most-active CBOT corn futures are down 1% late in trading, while soybeans fall 2.3% and wheat slides 2.1%. (kirk.maltais@wsj.com)

1305 ET - The strengthening El Niño conditions as winter approaches has analysts expecting mild and wet conditions that can hurt corn being harvested and early winter wheat planting. Combined with ongoing supply chain issues making fertilizer harder to come by for U.S. farmers, grain futures are expected to reflect this with higher prices. "In our view, markets continue to underestimate the cumulative impact of these overlapping supply shocks, leaving stock-to-use ratios vulnerable to further tightening and agricultural prices skewed to the upside," says analysts with Citi Research in a note. CBOT grains are lower to open the week, with most-active corn down 1.2%, soybeans off 2.3%, and wheat falls 1.8%. (kirk.maltais@wsj.com)

1117 ET - The Sept. 30 quarterly stocks report from the USDA "looks quiet on paper," says Jim Wiesemeyer of Ag Bull in a note. But while forecasts for the report are relatively steady, the price action on the CBOT following the report may be strong. That's because of several factors seen heading into the report, explains Wiesemeyer. "The September report rarely lands on USDA, its errors carry straight into new-crop supply, and funds are positioned near a record long," he says. CBOT grains are lower, with corn down 1.9%, soybeans down 2.6%, and wheat dropping 2.4%. (kirk.maltais@wsj.com)

1030 ET - Cattle slaughter fell to a non-holiday record low last week, at 484,000 head, says AgResource in a note. This supported higher cut-out prices for cattle, but that doesn't seem to be enough to give cattle a boost in early trade. Cattle instead appears to be locked in the negative momentum seen across commodities, including grain futures. Livestock traders are looking for some sort of sign of cattle beginning a prolonged rebound. "Last week's chart gaps likely need to be closed before a meaningful recovery can get underway," says AgResource. Live cattle falls 0.1%, and lean hogs drop 0.6%. (kirk.maltais@wsj.com)

1029 ET - Souring sentiment across markets include grain futures, with row crops on the CBOT down in early trading. "Grains are falling like a hot knife thru butter...so much for the 'the U.S. farmer will be very happy'," says Gary Sandlund of Futures International in a note. Sandlund attributes the weakness in grains to a general lack of news out of last week's U.S.-China summit. One of the only tangible outcomes from the meeting was the U.S. and China agreeing to a $30 billion reciprocal tariff reduction. CBOT corn falls 1.6%, soybeans drop 2.6%, and wheat is down 2.4%. (kirk.maltais@wsj.com)

1024 ET - Canadian miners are the main drag on the TSX as the price of gold tumbles to seven-week low. Higher fuel costs raise concerns of another U.S. Fed rate hike to temper inflation, driving down the price precious metals while the price of crude rises. Gold falls 3.1% to $4,188 an ounce and silver is down 4.2% to around $62 an ounce. Among the biggest decliners of the session were AbraSilver Resources, Aris Mining, and K92 Mining as well as larger players in the space such as Agnico Eagle, Lundin Gold and Eldorado Gold. (adriano.marchese@wsj.com)

1012 ET - Natural gas extends a pullback it began late last week, with the shockwave from a pipeline malfunction in West Virginia easing. "With a less complicated repair job, supply flows should return to normal levels within a few days," says the Hightower Report in a note. Mild weather in the U.S. is allowing natural gas prices to ease, the firm adds. "Overall, demand for power plants is expected to pull back mildly, weighing on natural gas prices," says the firm. Natural gas prices are down 3.5% to $3.083 per mmBtu. (kirk.maltais@wsj.com)

1005 ET - Crude oil is up toward $95 a barrel as the sentiment around a potential ceasefire in the Middle East conflict has soured. "The market rebounding once again as the prospects of a deal are looking unlikely," says Scott Shelton of TP ICAP in a note. Oil prices jumped after President Trump rejected an Iranian truce proposal that would have opened the Strait of Hormuz for seven days. However, both WTI light crude oil and Brent crude have pared gains in early trading, with light crude up 1.9% to $94.19 a barrel and Brent crude up 2.1% to $106.48 a barrel. (kirk.maltais@wsj.com)

0849 ET - Canadian railways for a fourth straight month notched a rise in carloadings in July as strong growth in grains more than made up for large declines in coal and potash. Statistics Canada data shows railways transported 31.7 million metric tons of freight for the month, up 2.6% on-year. Traffic hit the third-highest level on record for the month of July, exceeding the five-year average for the month of 30.1 million tons. Freight loadings from connections with U.S. railways rose 11.1% on-year to 3.8 million tons, which may partly reflect re-routing of some rail traffic via American connections amid wildfires in Northern Ontario and British Columbia during the month, the data agency says.