Chicago | Reuters –– U.S. livestock futures fell on Tuesday as hogs retreated from a two-month high reached a day earlier. December lean hog futures sank 2.675 cents to 69.925 cents/lb. at the Chicago Mercantile Exchange (all figures US$). The setback came after the contract reached its highest price since July 31 on Monday amid […] Read more
U.S. livestock: Hogs retreat from Monday’s two-month high
U.S. grains: Soy, corn rally on smaller-than-expected stockpiles
Chicago | Reuters — China bought more U.S. soybeans on Monday as the U.S. Department of Agriculture reported crop stockpiles were smaller than traders expected, sending futures prices to nine-week highs. Corn futures set an eight-week high after the USDA report also showed tighter-than-expected inventories of the yellow grain. Farmers welcomed the rallies after crop […] Read more
U.S. livestock: Hogs up on technical buying, demand hopes
Chicago | Reuters — U.S. hog futures touched a two-month high on Monday on technical buying and hopes for more export sales to China, brokers said. Traders are waiting for confirmation of Chinese buying as the Asian nation is struggling with an outbreak of African swine fever, a fatal pig disease that has decimated its […] Read more
U.S. grains: Soy futures end near unchanged
Chicago | Reuters — U.S. soybean futures finished near unchanged on Thursday after initially rising on hopes for further Chinese purchases, traders said. China, the world’s largest soybean importer, will buy about six million tonnes of soy from the United States before trade talks in early October, said a chief analyst at Shanghai JC Intelligence […] Read more
Japan deal levels field for U.S. beef, but sales surge unlikely
Tokyo/Chicago | Reuters — U.S. beef exporters, unhappy after President Donald Trump pulled out of a multilateral trade pact in 2017, stand to sell more meat in Japan after the U.S. leader and Japanese Prime Minister Shinzo Abe cut a deal to slice into tariffs. But agriculture experts say that for now, that boost may […] Read more
U.S. livestock: Hog futures fall on big U.S. supply
Chicago | Reuters — U.S. hog futures retreated on Thursday under pressure from large supplies and as some traders were disappointed with the size of pork export sales confirmed to China, analysts said. The U.S. Department of Agriculture reported that the world’s biggest pork consumer and hog producer bought 3,375 tonnes of pork from Sept. […] Read more
U.S. livestock: Hogs top one-week high on talk of Chinese buying
Chicago | Reuters — U.S. hog futures climbed to their highest prices in more than a week on Wednesday on talk about Chinese buying, traders said. U.S. President Donald Trump said the Chinese were making big agricultural purchases from the United States, including of beef and pork, and that a deal to end a nearly […] Read more
U.S. livestock: Cattle hit multi-week highs on flat to higher cash trade expectations
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: Hogs drop as China delegation cancels farm visits
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
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
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