Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures crumbled under the weight of large supplies and a lack of news about trade talks with China on Tuesday, while cattle futures also weakened. The declines were a turnaround from Monday, when hog futures climbed on hopes for easing tensions in the trade war between Washington and […] Read more
U.S. livestock: CME hogs, cattle drop on large supplies
U.S. livestock: CME hogs limit up as trade tensions cool
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures jumped Monday as U.S. President Donald Trump predicted a trade deal with China after positive gestures by Beijing. Signs of cooling trade tensions supported the market, traders said, after China imposed retaliatory tariffs on imports of U.S. pork and other farm products last year […] Read more
U.S. livestock: CME hogs limit down as trade war heats up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled on Friday, with the benchmark October contract falling its daily three-cent limit after China announced a fresh set of tariffs on U.S. agricultural products, traders said. China will levy extra 10 per cent tariffs on U.S. beef and pork from Sept. 1, its commerce […] Read more
U.S. livestock: Cattle extend climb on robust packer margins
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures advanced for a fourth straight session on Thursday, led by the nearby August contract as robust profit margins for beef packers fueled expectations of strong demand for cash cattle, traders said. “Packers are just raking it in, so the incentive is there to ramp up […] Read more
U.S. livestock: CME cattle rise on strong beef demand
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday for a third session as strong demand for beef ahead of the Labour Day holiday bolstered margins for meat packers, traders said. CME October live cattle futures ended up 0.225 cent at 100.225 cents/lb., and October feeder cattle settled up 0.9 […] Read more
U.S. livestock: CME live cattle climb on wholesale beef demand
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday for a second session, supported by strong wholesale beef demand ahead of the Labour Day holiday weekend, analysts said. Retailers are stocking their meat cases this week ahead of the Labour Day holiday on Sept. 2, while a Tyson Foods slaughterhouse […] Read more
U.S. livestock: Cattle futures up on larger-than-expected weekly slaughter
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday after U.S. government data showed last week’s slaughter was bigger than the previous week’s, despite a fire that shuttered a Kansas beef plant. The U.S. Department of Agriculture estimated the weekly U.S. cattle slaughter through Saturday at 651,000 head, up from […] Read more
U.S. livestock: CME hogs limit down on demand concerns
Reading Time: < 1 minute Chicago | Reuters — CME lean hog futures fell sharply on Friday, with the most-active October contract notching a limit-down move as traders worried that seasonal growth in supplies will outstrip demand. Weakness in the cash market also spilled over into the futures, traders said. The demand concerns stemmed from uncertainty about potential purchases from […] Read more
U.S. livestock: Hog futures sink to five-month low
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures fell to a five-month low on Thursday, pressured by big supplies that overwhelmed any optimism about news that China made its biggest purchases of U.S. pork in seven weeks, traders said. The world’s largest pork consumer bought 10,211 tonnes of U.S. pork between Aug. 2-8 […] Read more
U.S. livestock: Cattle futures mixed, hogs firm
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures were mixed on Wednesday, with deferred months mostly higher on bargain buying after hitting multiyear lows on Tuesday. But nearby live cattle contracts continued to weaken. The front-month contract hit its lowest level since October 2016 on expectations that the shutdown of a major beef […] Read more
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