Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures tumbled on Thursday as U.S. pork export sales to China continued to disappoint traders who have been expecting a surge of demand due to an outbreak of a fatal hog disease in China. Live cattle and feeder cattle futures also declined. Hog futures have pulled back 12 […] Read more
U.S. livestock: CME lean hogs fall as pork sales to China disappoint
Feed weekly outlook: Barley bids rise on weather woes, tight old-crop supplies
Reading Time: 2 minutes MarketsFarm — Tight old-crop supplies and mounting weather concerns over new-crop production are keeping feed grain prices well supported in Western Canada as end-users work to ration supplies. “We’ve seen a very real weather market emerge in the last few weeks,” said Brandon Motz of CorNine Commodities at Lacombe, Alta., pointing to wet conditions hampering […] Read more
U.S. livestock: Hogs limit down on continued export uncertainty
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell sharply on Friday on weak pork prices and concerns about export demand as trade tensions have increased between the U.S. and China, the world’s largest hog and pork market. Traders squared positions ahead of the long Memorial Day holiday weekend due to the […] Read more
U.S. livestock: Live cattle tumble on bearish USDA data
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped sharply on Monday in reaction to a government report that showed larger-than-expected supplies of cattle on feed in the U.S., traders said. Nearby cattle futures contracts fell more than 1.5 per cent, with selling accelerating as prices breached key technical support levels. The selling […] Read more
U.S. livestock: Hog futures rise on pork export optimism
Reading Time: 2 minutes Chicago | Reuters — U.S. front-month hog futures surged on Monday, extending last week’s advances on expectations of additional export sales to China, where African swine fever has decimated the world’s largest hog herd, traders said. “We had that huge sale of pork to China last week, and the market is anticipating more sales,” said […] Read more
U.S. livestock: Live cattle rise on firm beef, cash prices
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures advanced on Thursday, lifted by firm beef and cash cattle markets and as investors took positions ahead of a monthly supply report due on Friday, traders said. Some feedlot cattle in the southern U.S. Plains traded at $128/cwt on Thursday, about steady with sales last week, and […] Read more
U.S. livestock: Hogs dip from two-week high, await trade news
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures retreated on Wednesday after four straight sessions of gains in a technical and profit-taking setback from two-week highs as investors awaited new developments in U.S.-China trade negotiations. Cattle futures also fell broadly, although worries about a late-winter snowstorm forecast for the beef cattle-producing U.S. Plains underpinned the […] Read more
U.S. livestock: Hogs sink on big supplies, poor exports
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures fell sharply on Friday, with the most active April contract hitting its lowest in more than five months, as disappointing export demand failed to ease the supply glut in the United States. “The trade was very enthused that we were going to see all this Chinese […] Read more
U.S. livestock: CME hogs weaken on technical selling, demand uncertainty
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures eased on Thursday on a round of technical follow-through selling after declining on Wednesday, traders said. Weakness in the cash market, as well as uncertainty about demand from China, also weighed on the hog market. CME February lean hogs closed Thursday at 59.825 cents/lb., down from […] Read more
U.S. livestock: Nearby live cattle rise on firm cash prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Friday, with firm cash cattle markets supporting actively traded nearby months. Forecasts for possible winter weather in the U.S. Plains next week, which could slow down weight gains and cattle marketings, added further support. Feedlot cattle in Nebraska traded at mostly $119/cwt […] Read more
A message from April Stewart, Country Guide's Associate Editor
