Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures traded on both sides of previous levels on Thursday and closed mixed as the market weighed ample hog supplies against some signs of improved pork export demand. Hog traders were encouraged by large pork purchases by China and Mexico in weekly U.S. Department of […] Read more
U.S. livestock: Hogs mixed as trade war anxiety overshadows export data
U.S. livestock: Lean hog futures erode on China trade tensions
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures drifted lower on Wednesday and touched a one-week low as the market was pressured by concerns that the U.S.-China trade war is far from resolution. Traders did not expect any significant Chinese buying of U.S. pork in weekly export sales data due to be […] Read more
U.S. livestock: Hogs, cattle drop as rains seen denting grilling demand
Chicago | Reuters — U.S. live cattle and lean hog futures on the Chicago Mercantile Exchange (CME) closed mostly lower on Tuesday as both markets were pressured by worries that wet weather around large parts of the country would disrupt demand for pork and beef. Above-normal rains are expected across much of the western and […] Read more
U.S. livestock: Lean hogs end mixed as market assesses trade battles
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) closed mixed on Monday as traders weighed positive news of easing trade tensions with Mexico and Canada against signs that trade ties with China are worsening. The U.S. struck deals last week to lift tariffs on steel and aluminum imports from […] Read more
U.S. livestock: Live cattle rise as Japan drops U.S. beef import curbs
Chicago | Reuters — U.S. live cattle futures on the Chicago Mercantile Exchange (CME) closed higher on Friday, buoyed by news that Japan will eliminate long-held restrictions on U.S. beef imports, traders said. The agreement reopens full beef trade after Japan in 2003 banned U.S. beef over concerns about bovine spongiform encephalopathy (BSE), which roiled […] Read more
U.S. livestock: Feeder cattle futures dip to contract lows
Chicago | Reuters — U.S. feeder cattle futures on the Chicago Mercantile Exchange (CME) dipped to new contract lows on Thursday as a rally in Chicago Board of Trade corn futures this week continued to signal rising feed costs and U.S. beef demand remains sluggish. Cattle futures also faced headwinds from U.S. Department of Agriculture […] Read more
U.S. livestock: Lean hogs up as swine fever fuels export hopes
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: Lean hog futures bounce, cattle end lower
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) closed higher on Tuesday in a technical rebound after Monday’s limit-down close, with firm cash hog values lending support, traders said. Technical traders were encouraged that the benchmark June hog contract was able to hold above Monday’s low, a supportive chart […] Read more
U.S. livestock: Lean hogs limit down on trade war woes
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) fell the daily three-cent-per-pound limit on Monday as fears of a prolonged trade war between the U.S. and China triggered long liquidation, analysts said. China said it would impose higher tariffs on a range of U.S. goods, following Washington’s decision last […] Read more
U.S. livestock: Escalating trade war pressures CME hog futures
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
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