Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed higher on Thursday on rekindled hopes for a U.S. trade deal with China, the world’s top pork consumer, traders said. Recent strength in cash hog markets added support, although prices in the closely watched Iowa and southern Minnesota market fell on Thursday afternoon after rising in […] Read more
U.S. livestock: Hogs firm on fresh hopes for China trade pact
Cattle producers get longer phase-in on new transport regs
Reading Time: 2 minutes New federal livestock transport regulations, due to come into force in February, will now roll out on a longer timeline for the beef and dairy cattle sectors. Federal Agriculture Minister Marie-Claude Bibeau has announced a “two-year transition period” for bovines, which is meant to provide “time to gather more data on effective solutions concerning the […] Read more
U.S. livestock: Cattle futures rise on technical buying
Reading Time: < 1 minute Chicago | Reuters — U.S. cattle futures rose on Wednesday, rebounding from Tuesday’s downturn, while hog futures eased. Traders said that signs of strength in the cash market added support to the strength in both live and feeder cattle contracts. Technical buyers also helped pushed prices higher after early signs of strength. Chicago Mercantile Exchange […] Read more
U.S. livestock: Firmer cash prices support CME hog futures
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures rose on Tuesday with support from stronger cash prices, while live cattle futures eased in a setback from recent advances. Gains in hog futures and cash prices reflect solid domestic demand for pork and signal that pig supplies are expected to tighten heading into the new year, said […] Read more
U.S. livestock: Plentiful supply pressures CME hogs
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures fell on Monday in a turnaround from a two-week high last week, as large inventories pressured prices. Meat packers slaughtered an estimated 496,000 pigs, up from 475,000 a year ago, putting extra pork on the market. U.S. hog supplies are large after farmers expanded their herds to supply […] Read more
U.S. livestock: Hog futures fall after weak export sales report
Reading Time: < 1 minute Chicago | Reuters — CME Group hog futures eased on Thursday, pressured by a bearish pork export sales report, traders said. Cattle contracts were mixed, with live cattle rising on technical buying while feeder cattle eased. The U.S. Agriculture Department on Thursday morning said that weekly export sales of pork came in at a four-week […] Read more
U.S. livestock: Hog futures firm on cash market strength
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures Tuesday rose 3.6 per cent on Tuesday, supported by signs of strength in the cash market, traders said. USDA data showed that cash prices for hogs in Iowa and Minnesota have risen by more than $2 since last Wednesday, evidence that the market may have found its […] Read more
U.S. livestock: Hog futures drop on supply glut
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures fell 2.4 per cent on Monday, weighed down by bearish supply concerns, traders said. “The hog market boils down to more of the same. Big supplies, record supplies,” said Don Roose, president of Iowa-based U.S. Commodities “With these trade talks still iffy, where are the Chinese? They […] Read more
U.S. livestock: CME lean hogs recover from two-month low
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures ended higher on Friday in a turnaround from a decline earlier in the session to their lowest price since early September. Prices bounced back as pork producers are hoping that China will ramp up buying from the U.S. as it grapples with a fatal pig disease, African […] Read more
U.S. livestock: CME live cattle set contract high on winter storms
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures reached a contract high on Wednesday on expectations that wintry weather would hamper the movement of cattle to slaughterhouses. Two winter storms blasted parts of the United States, after parts of Colorado got up to 30 inches of snow on Tuesday. The storms could disrupt transportation and […] Read more
A message from April Stewart, Country Guide's Associate Editor
