Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday, recording a seven-month high on expectations that a winter storm this week would slow the movement of cattle to beef packing plants and possibly curb the ability of feedlot cattle to gain weight, traders said. A powerful snowstorm swept across Colorado and into […] Read more
U.S. livestock: Live cattle touch seven-month peak on weather woes
U.S. livestock: CME live cattle sink ahead of USDA feedlot data
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell to a one-week low and feeder cattle futures hit a six-week low on Friday ahead of a U.S. Department of Agriculture report that traders expected would show a hefty year-on-year increase in the number of cattle placed in feedlots last month. February live cattle futures on […] Read more
U.S. livestock: Hog futures halt skid on export data
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed higher on Thursday as bullish weekly export sales data and hopes for progress on a U.S.-China trade deal helped to snap a six-session sell-off, traders said. February lean hog futures on the Chicago Mercantile Exchange (CME) settled up 0.675 cent at 67.45 cents/lb., rallying after a […] Read more
U.S. livestock: Hogs plunge on fresh doubts of China trade prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell more than four per cent on Wednesday, with the benchmark February contract at times dropping its daily three-cent limit on doubts about the prospects for a U.S. trade deal with China, the world’s top pork consumer. February lean hog futures on the Chicago Mercantile Exchange (CME) […] Read more
U.S. livestock: Hog futures slip on ample supplies, trade uncertainty
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell on Tuesday, extending their latest slide to five straight sessions on uncertainty about U.S. pork exports to China, traders said. Market bulls have been hoping for a U.S. trade deal with Beijing that could bolster U.S. pork sales to China, the world’s biggest pork consumer. China […] Read more
U.S. livestock: Hog futures extend slide on China trade worries
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell on Monday for a fourth straight session, with deferred contracts leading the way down on worries about the chances for a U.S.-China trade deal that could boost Chinese imports of U.S. pork, traders said. Most-active February lean hog futures on the Chicago Mercantile Exchange (CME) settled […] Read more
U.S. livestock: Hogs reach two-month low on increased slaughter
Reading Time: 2 minutes Chicago | Reuters –– U.S. lean hog futures touched a two-month low on Friday as meat packers slaughtered more pigs to profit from high margins. Pork processors killed an estimated 485,000 pigs, up 1,000 from a week earlier and 20,000 from a year ago, the U.S. Department of Agriculture said. They are projected to slaughter […] Read more
U.S. livestock: Hogs reach two-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell to a two-month low on Thursday on large supplies and uncertainty over negotiations to boost trade with China, the world’s top pork consumer. Traders and meat producers are hoping for further U.S. pork sales to China, which is grappling with a fatal pig disease that has […] Read more
U.S. livestock: Hogs drop on large supply, trade war jitters
Reading Time: 2 minutes Chicago | Reuters –– U.S. livestock futures dropped on Wednesday, with lean hogs stumbling under pressure from large supplies in a turnaround from a rally a session earlier. Fresh uncertainty over U.S.-China trade relations added pressure to the hog market, analysts said. Traders and meat producers are hoping for further U.S. pork sales to China, […] Read more
U.S. livestock: Live cattle jump as beef stocks tighten, funds buy
Reading Time: 2 minutes Chicago | Reuters –– U.S. live cattle futures scaled to their highest point in 5-1/2 months on Wednesday as tighter-than-expected beef stocks and rising cash beef prices triggered active fund buying that took prices through key technical resistance levels. Actively traded contracts posted their strongest gains in nearly a month, breaking out of a narrow […] Read more
A message from April Stewart, Country Guide's Associate Editor
