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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures firm on strong cash market, rising beef prices

By Karl Plume 4 days ago

Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures firmed on Friday, supported by strong cash feedlot cattle and beef prices and robust packer profit margins. The market posted a modest decline for the week after eight straight weeks of gains, but prices remain near six-month peaks reached after the two-month rally took futures up by […] Read more

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Hogs, Reuters

China reshapes global meat markets as swine fever rages

By Nigel Hunt 4 days ago

Reading Time: 4 minutes London | Beijing | Reuters – China is scouring the world for meat to replace the millions of pigs killed by African swine fever (ASF), boosting prices, business and profits for European and South American meatpackers as it re-shapes global markets for pork, beef and chicken. The European Union, the world’s second largest pork producer […] Read more

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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Hog futures rise on hopes for Chinese pork import tariff rollback

By Karl Plume 5 days ago

Reading Time: 2 minutes Chicago | Reuters – U.S. lean hog futures closed mostly higher on Thursday on renewed hopes for accelerated U.S. pork sales to China after officials from both countries said an interim trade deal could include a phased rollback of tariffs. The hog market has been highly sensitive to any signs of easing trade tensions between […] Read more

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Hogs, Reuters

China’s pork output to fall by at least 20 percent in 2019: FAO

By Sybille De La Hamaide 5 days ago

Reading Time: 1 minute Paris | Reuters – African swine fever (ASF) will cut pork output in China, the world’s largest producer, by at least 20 percent in 2019, the United Nations’ food agency said on Thursday, doubling the decline it had expected six months ago. The disease has slashed China’s hog herd since August 2018, pushing Chinese pork […] Read more

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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Lean hog futures retreat as interim China trade deal delayed

By Karl Plume 6 days ago

Reading Time: 2 minutes Chicago | Reuters – U.S. lean hog futures retreated on Wednesday, surrendering nearly all of the prior session’s strong gains on worries about U.S. pork exports to China after a senior White House official said a “phase one” trade deal with the world’s top pork consumer could be delayed. The delay followed news that Canada […] Read more

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Livestock, Reuters

China to resume imports of Canadian beef and pork

By Kelsey Johnson November 5, 2019

Reading Time: 2 minutes Reuters – China will resume imports of Canadian beef and pork, Prime Minister Justin Trudeau said on Tuesday, some four months after Beijing blocked shipments amid an escalating diplomatic feud between the two countries. “Good news for Canadian farmers today: Canadian pork and beef exports to China will resume,” Trudeau tweeted. The Chinese embassy in […] Read more

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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Lean hogs jump in short-covering, technical bounce

By Karl Plume November 5, 2019

Reading Time: 2 minutes Chicago | Reuters – U.S. lean hog futures rallied on Tuesday in a technical-buying and short-covering bounce from recent lows, underpinned by hopes for accelerated pork sales to China amid surging prices in the world’s largest pork-consuming country, analysts said. Pork prices have surged to record highs in China as African swine fever has decimated […] Read more

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Beef Cattle, Livestock, Markets

Klassen: Steady demand seen for all feeder cattle

By Jerry Klassen November 5, 2019

Reading Time: 2 minutes Compared to last week, Western Canadian feeder cattle prices were relatively unchanged.  Yearlings supplies were limited in certain regions which caused buyers to shrug off fleshier characteristics in some cases; however, heavier yearlings over 950 pounds were somewhat softer. Finishing feedlots appeared to be more aggressive on heavier, vaccinated or pre-conditioned calves. Many auction barns […] Read more

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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle climb to new six-month peak on rising cash market

By Karl Plume November 4, 2019

Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures scaled a six-month high on Monday, propelled by firming cash cattle and beef prices and strong packer margins, analysts said. Chicago Mercantile Exchange (CME) December live cattle settled up 0.550 cent at 120.075 cents per pound, its highest level since April 25. February futures gained 0.375 cent […] Read more

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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle set six-month high on fund buying, firm cash prices

By P.J. Huffstutter, Tom Polansek November 1, 2019

Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures shot to a six-month high on Friday and feeder cattle reached their highest prices since May on fund buying and strength in the cash market, analysts said. Chicago Mercantile Exchange (CME) December live cattle settled up 2.3 cents at 119.525 cents per pound after reaching 119.7 cents, […] Read more

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