Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures touched six-week highs and feeder cattle exceeded seven-week highs on Tuesday as traders projected cash prices will remain steady or rise, after strengthening last week. Feeder cattle are trading above where they were before a fire at a Tyson Foods slaughterhouse last month removed a key buyer […] Read more
U.S. livestock: Cattle hit multi-week highs on flat to higher cash trade expectations
U.S. livestock: Cattle, hog futures rise after Friday’s declines
Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures rallied on Monday, with both cattle and hog contracts firming on spillover support from strength in the cash market. The markets also were rising on renewed hopes for a trade deal with China after the world’s largest oilseed buyer booked deals to buy about 10 boatloads of U.S. […] Read more
U.S. livestock: Hogs drop as China delegation cancels farm visits
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures dropped to their lowest prices in more than a week on Friday as a Chinese agriculture delegation scrapped U.S. farm visits planned to build goodwill during trade talks next week. The canceled trips to Montana and Nebraska raised concerns that the U.S.-China trade war may drag on […] Read more
U.S. livestock: Feeder cattle near six-week high
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle and live cattle futures hit their highest prices since August on Thursday, supported by strength in the cash market, before ending mixed. Cash cattle had set the firmer tone on Wednesday, trading for $101/cwt in Texas and Kansas, up from a range of $97-$100 in Texas last week […] Read more
U.S. livestock: Cattle futures top one-month peaks
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle and feeder cattle futures jumped to their highest prices since August on Wednesday as traders predicted that cash prices will also increase. October live cattle futures closed up 1.025 cents at 100.375 cents/lb. at the Chicago Mercantile Exchange (CME). October feeder cattle advanced 1.1 cents to 138.4 cents/lb. […] Read more
Klassen: Feeder market experiences softer demand
Reading Time: 2 minutes Compared to the previous week, western Canadian yearling markets traded $4-$6 lower on average; calves were down $5 to as much as $10 in some cases. U.S. feeder cattle markets were also down $5-$8 from seven days earlier. The extended period of negative feeding margins appears to be taking a toll on the feeder market. […] Read more
U.S. livestock: Hogs fall from gains as cash prices ease
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures tumbled on Tuesday, with the most-active contract dropping by the daily maximum, due to weak cash prices and technical selling, traders said. Pork cutout values eased for carcasses, loins, bellies and other products, according to U.S. Department of Agriculture estimates. December lean hog futures dropped the daily […] Read more
U.S. livestock: Hogs rise on expectations for Chinese buying
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures climbed to their highest price since July on Monday on expectations for Chinese buying, while technical selling pushed down cattle futures. Meat traders anticipate China will increase pork imports to offset an expected shortage caused by an outbreak of African swine fever, a fatal pig virus that […] Read more
U.S. livestock: Hogs limit up again on China tariff exemption
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures climbed by an expanded daily limit on Friday as China said it would exempt U.S. pork from additional tariffs imposed during its trade war with the United States. The exemptions raised hopes for Chinese buying and were seen as the latest sign of easing Sino-U.S. tensions before […] Read more
U.S. livestock: Hogs limit up on expectations for Chinese buying
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures climbed the daily exchange-imposed limit on Thursday on increasing expectations for Chinese buying as the world’s two largest economies prepared for talks aimed at breaking the logjam in their trade war. The Chicago Mercantile Exchange (CME) will temporarily expand the trading limit to 4.5 cents on Friday […] Read more
A message from April Stewart, Country Guide's Associate Editor
