Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures turned higher on Wednesday after falling to a six-week low as traders awaited further clues about the size of the U.S. harvest and the impact of the U.S.-China trade war on exports. Corn and wheat futures stumbled. Traders were assessing U.S. weather forecasts, which have improved after rains […] Read more
U.S. grains: Soy futures turn higher after touching six-week low
U.S. livestock: Cattle futures fall on concerns over increasing supplies
Reading Time: 2 minutes Chicago | Reuters – Live cattle futures dropped to their lowest prices in more than a week on Tuesday and feeder cattle futures fell to seven-week lows on worries about increasing U.S. supplies, analysts said. Feedlots were offering to sell some 5,000 more cattle than a week ago, said Rich Nelson, chief strategist for Illinois-based […] Read more
U.S. grains: Soy futures near six-week low on U.S. harvest, trade woes
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures slid on Tuesday to their lowest prices in about six weeks as advancing domestic harvests increased crop supplies. Corn and wheat futures also fell. Additional market pressure stemmed from concerns about the ongoing U.S.-China trade war and the rising dollar, which makes American farm goods less attractive to […] Read more
Hog industry worldwide getting slaughtered in trade war
Reading Time: 5 minutes Beijing/Chicago/Carambei | Reuters – Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China. His company, The Machhoffs, has halted U.S. projects worth up to $30 million and may move some operations overseas. Investing in domestic operations now would be “ludicrous” […] Read more
U.S. farmers, government fight risk of African swine fever
Reading Time: 3 minutes Chicago | Reuters – U.S. hog farmers are ramping up safety procedures and leaving animal-feed ingredients imported from China in storage in an attempt to keep out a highly contagious swine disease that is sweeping through Asia and Europe. U.S. government officials said in interviews on Friday they are also increasing their ability to test […] Read more
U.S. livestock: Hogs extend slide, fall below seven-week lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slid for the third consecutive session on Thursday and touched their lowest prices in more than seven weeks on concerns about increasing supplies, traders said. The market has weakened since contracts set multi-month highs on Oct. 1 amid worries about meat supplies swelling due to […] Read more
U.S. livestock: Cattle futures rise on cut in beef production estimate
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures rose on Thursday after the U.S. Department of Agriculture trimmed its forecast for how much beef the nation will produce this year. In a monthly supply and demand report, USDA pegged 2018 beef output at 26.9 billion pounds, down 0.6 per cent from its September estimate. The agency […] Read more
U.S. livestock: Lean hogs, live cattle approach seven-month highs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed to their highest prices in about seven months on Monday. Pushing cattle futures higher was optimism that cash prices will improve this week, traders said. Fed cattle in Texas and Kansas stayed mostly steady last week at about $111/cwt in the […] Read more
U.S. livestock: Lean hogs extend recovery, near six-month high
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to their highest prices in about six months on Friday on technical buying. CME October hogs reached a session high of 68.825 cents/lb., the contract’s highest price since April 19, before paring gains (all figures US$). It ended up 0.7 cent/lb., at 68.2 cents. […] Read more
U.S. livestock: CME lean hogs touch highest since April
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose for the fourth consecutive session on Wednesday and touched their highest prices in more than five months. CME October hogs traded up to 67.550 cents/lb., the contract’s highest price since April 20, before paring gains (all figures US$). It ended up 1.05 cents, to […] Read more