Chicago | Reuters — U.S. lean hog futures fell on Tuesday, extending their latest slide to five straight sessions on uncertainty about U.S. pork exports to China, traders said. Market bulls have been hoping for a U.S. trade deal with Beijing that could bolster U.S. pork sales to China, the world’s biggest pork consumer. China […] Read more
U.S. livestock: Hog futures slip on ample supplies, trade uncertainty
U.S. livestock: Hog futures extend slide on China trade worries
Chicago | Reuters — U.S. lean hog futures fell on Monday for a fourth straight session, with deferred contracts leading the way down on worries about the chances for a U.S.-China trade deal that could boost Chinese imports of U.S. pork, traders said. Most-active February lean hog futures on the Chicago Mercantile Exchange (CME) settled […] Read more
U.S. livestock: Hogs reach two-month low on increased slaughter
Chicago | Reuters –– U.S. lean hog futures touched a two-month low on Friday as meat packers slaughtered more pigs to profit from high margins. Pork processors killed an estimated 485,000 pigs, up 1,000 from a week earlier and 20,000 from a year ago, the U.S. Department of Agriculture said. They are projected to slaughter […] Read more
U.S. livestock: Hogs reach two-month low
Chicago | Reuters — U.S. lean hog futures fell to a two-month low on Thursday on large supplies and uncertainty over negotiations to boost trade with China, the world’s top pork consumer. Traders and meat producers are hoping for further U.S. pork sales to China, which is grappling with a fatal pig disease that has […] Read more
U.S. livestock: Hogs drop on large supply, trade war jitters
Chicago | Reuters –– U.S. livestock futures dropped on Wednesday, with lean hogs stumbling under pressure from large supplies in a turnaround from a rally a session earlier. Fresh uncertainty over U.S.-China trade relations added pressure to the hog market, analysts said. Traders and meat producers are hoping for further U.S. pork sales to China, […] Read more
U.S. livestock: Live cattle jump as beef stocks tighten, funds buy
Chicago | Reuters –– U.S. live cattle futures scaled to their highest point in 5-1/2 months on Wednesday as tighter-than-expected beef stocks and rising cash beef prices triggered active fund buying that took prices through key technical resistance levels. Actively traded contracts posted their strongest gains in nearly a month, breaking out of a narrow […] Read more
U.S. livestock: Lean hogs drop on burdensome supply, export jitters
Chicago | Reuters — U.S. lean hog futures slumped on Tuesday, pressured by abundant near-term hog supplies and concerns that U.S. pork export demand would not be large enough to absorb the expected surplus of meat produced. Hopes for a jump in Chinese demand for U.S. pork have supported hog futures at times in recent […] Read more
Manitoba beef sector faces tight feed situation
MarketsFarm — An early snowstorm may have been the last straw for Manitoba livestock producers looking to put up feed ahead of winter. While the foot or more of heavy snow that blanketed much of the province over the Thanksgiving weekend has melted, saturated fields continue to limit corn silage harvests and hay cutting. “Feed […] Read more
U.S. livestock: Lean hogs end mostly higher
Chicago | Reuters — U.S. lean hog futures closed mostly higher on Monday as hopes for rising demand for U.S. pork exports, particularly from China, more than offset near-term pressure from plentiful hog supplies. Investor caution kept hog futures in a narrow trading range following a roller-coaster session on Friday in which the market surged […] Read more
U.S. livestock: Lean hogs sag as traders parse USDA pork sales data
Chicago | Reuters — U.S. lean hog futures closed lower on Friday after a roller-coaster session in which prices jumped on news of massive weekly pork export sales, only to turn down after the U.S. Department of Agriculture (USDA) said its figures could include pork sold in previous weeks. Toward the close, lean hog futures […] Read more
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