Reading Time: 2 minutes Chicago | Reuters — The same week U.S. President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 tonnes of U.S. pork — the biggest cancellation in more than a year, according to U.S. Department of Agriculture data released on Thursday. The cancellation came during the week ended […] Read more
China cancels U.S. pork import order as trade war drags on
U.S. livestock: Lean hogs up as swine fever fuels export hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) rose for a second day on Wednesday, supported by expectations of increased demand for U.S. pork as African swine fever spreads in China’s hog herd and elsewhere, traders said. “The African swine fever news and talk was everywhere today,” said Dennis […] Read more
U.S. livestock: Escalating trade war pressures CME hog futures
Reading Time: 2 minutes Chicago | Reuters — Concerns about a prolonged trade war between the United States and China pressured U.S. lean hog futures on Friday, while cattle futures advanced. U.S. and Chinese negotiators ended two days of talks to try to salvage a trade deal in Washington on Friday after the U.S. imposed a new set of […] Read more
U.S. livestock: Hog futures extend setback on trade tensions
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures touched their lowest prices in about two months on Tuesday on concerns over elevated trade tensions between Washington and Beijing. Traders are worried that a resolution to the U.S.-China trade war may be farther off than previously expected, after U.S. President Donald Trump’s surprise statement on Sunday […] Read more
U.S. livestock: CME lean hogs post third weekly slide
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures declined on Friday, pressured by soft cash markets and long liquidation, traders said. The benchmark June lean hogs contract on the Chicago Mercantile Exchange recorded its third straight weekly decline after soaring to an April 5 contract high at 99.825 cents/lb. (all figures US$). The contract closed […] Read more
U.S. livestock: CME live cattle futures down on long liquidation
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell to a six-week low on Wednesday as lower cash beef prices and bearish technical signals prompted a round of long liquidation, traders said. Chicago Mercantile Exchange lean hog futures closed mixed, with nearby contracts turning higher and gaining against back months. Commodity funds hold net long […] Read more
U.S. grains: Corn, soy drop to multimonth lows
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to their lowest level in seven months on Wednesday and spot soybean futures hit a 5-1/2-month low on ample global supplies and dimming prospects for U.S. export business, analysts said. Wheat also declined, with Chicago Board of Trade futures hitting a one-month low while K.C. and Minneapolis […] Read more
U.S. livestock: CME lean hog futures fall on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures sagged on profit-taking on Tuesday after a recent run-up to contract highs, traders said. Live cattle futures also slumped at the Chicago Mercantile Exchange. The most actively traded June hogs contract has pulled back about 7.5 per cent after setting a contract high on April 5 on expectations […] Read more
U.S. livestock: Deferred hog futures set contract highs for fourth day
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back. Deferred feeder cattle futures also set contract highs. An outbreak of African swine fever in China fueled the temporary advances in deferred hog […] Read more
CBOT weekly outlook: Bear market aches for bull news
Reading Time: 2 minutes MarketsFarm –– The Chicago Board of Trade (CBOT) is currently a bear-market, according to broker Scott Capinegro of Barrington Commodity Brokers. “It’s like the markets are saying ‘Show me something, we’ll take anything,’ but the bears are winning,” he said, noting there has been almost no news to drive the market in a bullish manner. […] Read more
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