Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures slumped on Tuesday, pressured by abundant near-term hog supplies and concerns that U.S. pork export demand would not be large enough to absorb the expected surplus of meat produced. Hopes for a jump in Chinese demand for U.S. pork have supported hog futures at times in recent […] Read more
U.S. livestock: Lean hogs drop on burdensome supply, export jitters
Manitoba beef sector faces tight feed situation
Reading Time: 2 minutes MarketsFarm — An early snowstorm may have been the last straw for Manitoba livestock producers looking to put up feed ahead of winter. While the foot or more of heavy snow that blanketed much of the province over the Thanksgiving weekend has melted, saturated fields continue to limit corn silage harvests and hay cutting. “Feed […] Read more
U.S. livestock: Lean hogs end mostly higher
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed mostly higher on Monday as hopes for rising demand for U.S. pork exports, particularly from China, more than offset near-term pressure from plentiful hog supplies. Investor caution kept hog futures in a narrow trading range following a roller-coaster session on Friday in which the market surged […] Read more
U.S. livestock: Lean hogs sag as traders parse USDA pork sales data
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed lower on Friday after a roller-coaster session in which prices jumped on news of massive weekly pork export sales, only to turn down after the U.S. Department of Agriculture (USDA) said its figures could include pork sold in previous weeks. Toward the close, lean hog futures […] Read more
U.S. livestock: Lean hogs slide on technical selling, China worries
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed lower on Thursday for a second straight session on bearish chart signals and uncertainty about export demand from China, traders said. China is facing a huge pork shortage due to an outbreak of a fatal pig disease, African swine fever. But so far the country’s purchases […] Read more
U.S. livestock: Live cattle climb on hopes for higher cash trade
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed modestly higher on Wednesday, extending a five-week rally tied to expectations of strong prices this week for cattle in the cash market, traders said. “Cash is $1-$2 higher every week, better than what people anticipated,” said Scott Varilek, a broker at Kooima and Kaemingk Commodities Inc. […] Read more
U.S. livestock: Lean hogs limit up on optimism for Chinese pork demand
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures hit a two-week high on Tuesday, with the benchmark December contract rising its daily limit of three cents per pound on optimism about increasing pork demand from China, traders said. Food prices in China have soared, driven mainly by a sharp increase in pork values after deadly […] Read more
U.S. livestock: Hog futures up on trade progress, firm cash
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures rose more than one per cent on Friday, following broad strength in commodities tied to hopes for a U.S.-China trade deal, along with firm cash values for hogs and pork, analysts said. Chicago Mercantile Exchange benchmark December lean hog futures settled up 1.125 cents at 69.6 cents/lb. […] Read more
U.S. livestock: Hogs slip despite record-large pork sales to China
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures sagged on Thursday as the confirmation of record-large weekly pork export sales to China failed to impress traders who have been expecting a surge in demand for months. Uncertainty about when the pork will be shipped to China also kept a lid on gains, traders said. The […] Read more
U.S. livestock: CME lean hogs rise on China trade optimism
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday for a second straight session on hopes that U.S. trade talks with China, at a time of surging Chinese pork prices, could bolster U.S. pork exports, traders said. CME December lean hog futures settled up 2.075 cents at 69.475 cents/lb., just […] Read more
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