Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) fell about 1.5 per cent on Thursday, joining a broad sell-off in agricultural futures that traders attributed to fund selling and uncertainty about the details of a U.S.-China trade agreement signed a day earlier. China agreed to increase purchases of U.S. […] Read more
U.S. livestock: CME hogs slide on Phase One uncertainty
U.S. livestock: Hogs firm in muted reaction to Phase One pact
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) inched higher on Wednesday as the United States and China signed a Phase One trade agreement that could lead to increased sales of U.S. meat to the world’s biggest pork consumer. However, gains in futures were muted by a lack of […] Read more
U.S. livestock: Lean hog futures rebound
Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange (CME) closed higher on Tuesday, bouncing a day after falling to a one-month low as traders adjusted positions ahead of Wednesday’s planned signing of a U.S.-China trade agreement, brokers said. “The choppy trade continues. There is clearly some nervousness associated with what is […] Read more
U.S. livestock: Lean hogs hit one-month low on weak cash values
Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange (CME) fell to a one-month low on Monday, pressed by ample U.S. pork supplies and a discount in the cash hog market relative to futures, traders said. “We’ve got a problem where we are still seeing big hog numbers,” said Doug Houghton, analyst […] Read more
U.S. livestock: Cattle rise on firm cash market, harsh Plains weather
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures climbed to the loftiest levels of the week on Friday on expectations for higher cash cattle sales at Plains feedlot markets and as harsh weather in parts of the region increased stress on the animals. Some feedlot cattle in the central and northern Plains have traded at […] Read more
U.S. livestock: Lean hogs sink on big supply, premium to cash prices
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell on Thursday on ample supplies of hogs and a weak cash market, and as traders remain uncertain about how much additional pork China would buy as part of a Phase One trade deal with the United States. The actively traded Chicago Mercantile Exchange (CME) February contract […] Read more
U.S. livestock: Chinese buying drives record pork exports in November
Reading Time: 2 minutes Chicago | Reuters — U.S. pork exports in November surged to a record high for any month, according to new government data, driven by a fatal pig disease stoking a meat shortage in China. The shipments fueled expectations for more big sales to China, although U.S. hog futures slumped on Wednesday. China, the world’s largest […] Read more
U.S. livestock: Cattle pull back after Monday rally
Reading Time: 2 minutes Chicago | Reuters –– U.S. live cattle futures eased on Tuesday in a profit-taking setback from the prior session’s steep jump after weeks of rising cattle prices that have eroded beef packer margins. Live cattle futures were due for a pullback after scaling to an 8-1/2 month peak last week on strong beef demand and […] Read more
U.S. livestock: Cattle rally on tightening supplies, strong cash market
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures jumped by as much as two per cent on Monday and feeder cattle futures rose by up to three per cent, propelled by strong cash market prices and tightening supplies of animals, analysts said. A $2 jump in cash cattle prices at southern Plains feedlot markets late […] Read more
U.S. livestock: Hogs limit down on profit-taking, Middle East tensions
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures tumbled by the daily trading limit to a three-week low on Friday as rising geopolitical tensions in the Middle East triggered profit-taking, analysts said. Losses hit markets after a U.S. air strike in Iraq killed Iran’s most prominent military commander, rattling traders of products from agricultural futures to […] Read more
A message from April Stewart, Country Guide's Associate Editor
