Chicago | Reuters — U.S. lean hog futures climbed to a nearly three-month high on Wednesday, boosted by gains in cash hog markets, before futures trimmed gains to finish the session mixed. Cattle futures were nearly flat on the Chicago Mercantile Exchange, in technical trading as dealers awaited a monthly U.S. Department of Agriculture cattle […] Read more
U.S. livestock: Hog futures near three-month high
U.S. livestock: CME lean hogs sag on uncertainty over trade talks
Chicago | Reuters –– U.S. hog futures sagged on Wednesday for a third straight session on a perceived lack of progress in U.S. trade negotiations with key pork consumers China and Mexico, traders said. CME Group live cattle futures followed hogs lower, with burdensome supplies adding pressure. Most-active CME October lean hog futures settled down […] Read more
U.S. livestock: Cattle and hog futures both mixed ahead of USDA reports
Chicago | Reuters — U.S. live cattle futures were mixed on Friday, with the front-month contract firming slightly while deferreds eased as traders staked out positions ahead of the U.S. government’s closely watched inventory and Cattle on Feed reports. Pre-report positioning also was noted in fed cattle and hog contracts, with both of those markets […] Read more
U.S. livestock: CME cattle futures mixed in pre-report positioning
Chicago | Reuters — U.S. live cattle futures were mixed on Thursday, with the nearby contract easing while deferred months firmed slightly on positioning ahead of two big U.S. Department of Agriculture reports due Friday, traders said. Some investors were unwinding bull spreads placed during the cattle market’s rally to its highest in more than […] Read more
U.S. livestock: CME cattle rise but hog futures weaken
Chicago | Reuters — U.S. lean hog futures fell on Wednesday for the third day in a row, hitting new contract lows on worries that mounting trade tensions with key overseas buyers will cause supplies to rise, traders said. “Tariff concerns remain and there are fears that we are going to back pork up into […] Read more
Klassen: Weaker barley prices enhance yearling prices
Compared to last week, yearlings traded $3 to as much as $8 higher, with strong buying interest noted from Lethbridge-area feedlots. Supplies of quality feeders are rather snug at this time of year and buyers were extremely aggressive on local packages. Prices in the non-major feeding areas appeared to lag southern Alberta markets but orders […] Read more
U.S. livestock: Hogs sink on weak cash markets, packer margins
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mostly lower on Friday as falling cash hog prices and poor packer margins weighed on the market, traders said. Worries over slowed pork export demand due to threatened retaliatory tariffs by key trading partners, including Mexico and China, also weighed on the hog market. […] Read more
U.S. feedlots draw more cattle than expected in May
Chicago | Reuters — Ranchers in May drove more cattle into U.S. feedlots than anticipated compared with the same period a year ago, said analysts after Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. The data also showed the June 1 feedlot cattle supply climbed 4.1 per cent from a year earlier — […] Read more
U.S. livestock: Bargain buying pares some CME hogs’ losses
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed moderately higher on Thursday, with support from bargain buying and short-covering that pared some recent market losses amid U.S. trade worries, said analysts. U.S. hog farmers, still reeling from higher retaliatory tariffs on pork imposed by China in early April, are bracing for another round […] Read more
U.S. livestock: Hogs fall on trade war fears, cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell over two per cent on Tuesday, giving back gains notched in the previous session on broad selling across commodities amid fears of trade wars with importers of U.S. products including China and Mexico. A decline in U.S. cash hog prices late on Monday also […] Read more
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