Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures jumped Monday as U.S. President Donald Trump predicted a trade deal with China after positive gestures by Beijing. Signs of cooling trade tensions supported the market, traders said, after China imposed retaliatory tariffs on imports of U.S. pork and other farm products last year […] Read more
U.S. livestock: CME hogs limit up as trade tensions cool
U.S. grains: Soybean futures rise as trade tensions ease
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Monday as President Donald Trump predicted a trade deal with China, cooling fears about escalating tensions with the top importer of the oilseed. Traders grew hopeful that the world’s two largest economies could move toward an agreement to end their trade war as Trump said he […] Read more
China buys U.S. soybeans after declaring ban on U.S. farm goods
Reading Time: 2 minutes Chicago | Reuters — China snapped up a small volume of U.S. soybeans last week after pledging to halt purchases of U.S. farm products due to the escalating trade war between Washington and Beijing, U.S. Department of Agriculture data showed on Thursday. The world’s largest soybean importer struck deals from Aug. 9 to 15 to […] Read more
Farmer’s threat prompts USDA to pull staff from crop tour
Reading Time: 3 minutes Henry County/Chicago | Reuters — The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat came over the phone from an angry farmer. Farmers have complained this month that a government crop report did not reflect damage […] Read more
U.S. livestock: Hog futures set nine-month low on big supplies, China trade tensions
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) hog futures extended their decline on Friday, with the most active contract touching its lowest price in nine months under pressure from large supplies and the worsening U.S.-China trade war. Cattle futures also weakened. China on Friday vowed to fight back against U.S. President Donald Trump’s abrupt […] Read more
U.S. livestock: CME hogs drop to five-month low as U.S.-China trade tensions escalate
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) hog futures sank on Thursday, with the most-active contract touching its lowest price in more than five months, as U.S. President Donald Trump ratcheted up tensions in a war of tit-for-tat tariffs with China. Feeder cattle futures also slumped, and live cattle traded higher. American hog farmers […] Read more
U.S. livestock: CME hogs sink by daily limit, hit three-week low on U.S.-China trade worries
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) hog futures tumbled by the daily, exchange-imposed limit on Wednesday, with the most actively traded contract setting a three-week low, as U.S.-China trade talks ended with no apparent signs of progress. Cattle futures also slumped as widespread selling hit U.S. agricultural markets on the last day of […] Read more
U.S. livestock: CME hog futures drop to two-week lows on U.S.-China trade worries
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) hog futures extended losses on Tuesday, with U.S.-China trade concerns helping to push prices to their lowest levels in about two weeks. China imposed retaliatory tariffs on imports of U.S. pork and other farm products last year as part of the two nations’ ongoing dispute, hurting exports […] Read more
Bayer cancels plans to sell U.S. crop product in 2020 over safety concerns
Reading Time: 2 minutes Chicago | Reuters – Bayer AG has scrapped plans for wide sales next year of a chemical that is intended to protect U.S. crops from yield-robbing worms, citing ongoing safety concerns. The decision is the latest setback for Germany-based Bayer following its acquisition of Monsanto for $63 billion in 2018. Bayer is separately battling thousands of lawsuits claiming Monsanto’s glyphosate-based […] Read more
U.S. livestock: CME hog futures drop by daily limit in retreat from gains
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) livestock futures stumbled on Monday, with technical selling and profit-taking knocking the hog market to its lowest price levels in more than a week. Traders said the market was ready for a setback after most-active October hogs climbed more than 20 per cent from a four-month low […] Read more