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
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U.S. livestock: Lean hogs slide on technical selling, China worries
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: Live cattle futures climb, led by firm cash trade
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose more than one per cent on Monday, with the benchmark December contract touching a 2-1/2-month top after cash cattle traded late last week about US$2/cwt higher than the previous week, traders said. The five-area average price for cash cattle last week was just above $109/cwt, according […] 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
U.S. livestock: CME lean hogs recover on bargain buying, trade hopes
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Tuesday in a technical and bargain-buying rebound from one-month lows amid hopes that China would step up U.S. pork imports as the country’s domestic pork prices have soared. The hog herd in China, the world’s largest pork market, has been decimated by African […] Read more
U.S. livestock: CME hogs limit down on U.S.-China trade jitters
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures fell their daily limit on Monday, declining for a fifth straight session as an aggressive slaughter pace and uncertainty about this week’s U.S. trade talks with China overshadowed rising pork cut-out values, traders said. The selloff came as U.S. and Chinese deputy trade negotiators launched a […] Read more
U.S. livestock: Cattle futures rise on cash market strength
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures firmed for the second day in a row on Thursday, with the most-active December live cattle contract holding support near a two-month peak on strong cash prices. “The cash market has been moving up steadily,” said Don Roose, analyst with U.S. Commodities in West Des Moines, Iowa. “The […] Read more