Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose sharply on Friday, lifted by better demand from beef packers who were bidding more aggressively to buy steers in cash markets, traders and analysts said. Technical buying also supported cattle futures, which broke out of a relatively narrow trade that had defined the market […] Read more
U.S. livestock: Cattle futures rise on better beef packer demand
China reports 1st African swine fever outbreak, culls 1,000 hogs
Beijing | Reuters – China reported its first outbreak of the deadly African swine fever (ASF) on Friday, as authorities in Liaoning province in the country’s northeast culled almost 1,000 hogs and rushed to control the highly contagious disease. News of the infection will stoke concern about its spread in the world’s largest pig herd, and possibly […] Read more
U.S. livestock: Lower cash, pork prices send CME hog futures lower
Chicago | Reuters – Chicago Mercantile Exchange hogs closed lower for a third straight day on Thursday, posting new lows for the contract, following downward-trending prices for market-ready, or cash hogs and wholesale pork values, traders said. Plentiful hog supplies and some plants shutting down temporarily to perform routine maintenance, which is typical this time […] Read more
U.S. livestock: Feeder cattle jump as corn costs decline; hogs extend losses
Chicago | Reuters – U.S. cattle futures jumped over 1 percent on Wednesday, with feeder cattle prices leading the way higher after corn futures fell, traders and analysts said. Feed costs are a top expense for fattening cattle and Chicago Mercantile Exchange feeder cattle surged as corn futures turned lower from a roughly 1-1/2 month […] Read more
U.S. livestock: Hog futures tumble with pork belly prices, despite China hopes
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell sharply on Tuesday, weighed down by ample supplies and tumbling prices for pork bellies that are used for bacon, traders said. Front-month August lean hogs fell 2.175 cents to 61.125 cents per pound, dropping to a life-of-contract low for the fourth consecutive session. Most-active […] Read more
U.S. livestock: Cattle futures lower after weaker cash trades, hogs mixed
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged lower on Monday, under pressure from weaker trades in U.S. Plains cash cattle markets that occurred after futures markets closed late on Friday, traders and analysts said. Feeder cattle futures also eased, tracking declines in the more actively traded live cattle market, while lean […] Read more
U.S. livestock: Cash price uncertainty weakens CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle lost ground on Tuesday after investors exercised caution in advance of this week’s prices for market-ready, or cash, cattle, said traders. There may have been some disappointment after initial bids for cash cattle came in below last week’s sales, a trader said. On Tuesday packers had […] Read more
Brazil’s BNDES willing to sell JBS stake
Rio de Janeiro | Reuters — Brazilian development bank BNDES is willing to sell its stake in meatpacker JBS SA, one source with knowledge of the matter said on Friday. The development bank had already expressed the intention to sell its stake “for the right price.” But the person, who asked for anonymity to discuss […] Read more
U.S. pork, fruit producers brace for second wave of Chinese tariffs
Beijing/Chicago | Reuters — U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. China implemented a 25 per cent duty on most U.S. pork […] Read more
Multi-storey hog hotels elevate Chinese industrial farms to new levels
Yaji Mountain, China | Reuters — On Yaji Mountain in southern China, they are checking in the sows 1,000 head per floor in high-rise “hog hotels.” Privately-owned agricultural company Guangxi Yangxiang Co. Ltd. is running two seven-floor sow breeding operations, and is putting up four more, including one with as many as 13 floors that […] Read more
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