Chicago | Reuters — U.S. hog futures jumped 3.5 per cent on Thursday, supported by signs that exports could pick up due to rising Chinese demand, traders said. China bought 23,846 tonnes of U.S. pork last week, its biggest purchase in nearly two years, U.S. Department of Agriculture data showed on Thursday. Chinese hog prices […] Read more
U.S. livestock: Hog futures rally on improving export prospects
U.S. livestock: Hog futures mixed after hitting three-month high
Chicago | Reuters — U.S. lean hog futures were mixed on Wednesday, with the front-month contract easing on profit-taking after rallying to a three-month high while deferred contracts rose on expectations of tight supplies, traders said. Live cattle contracts were firm following two straight days of declines with concerns about a massive U.S. storm system […] Read more
U.S. livestock: Hogs extend win streak on short-covering, firm cash
Chicago | Reuters — U.S. lean hog futures rallied to two-month high on Tuesday, their third straight day of gains, as investors scrambled to cover shorts amid concerns about supplies and signs of cash market strength, traders said. Live cattle futures were weaker, with abundant supplies continuing to weigh on the market. Concerns about African […] Read more
U.S. livestock: Hog futures rally for second day
Chicago | Reuters –– U.S. lean hog futures rallied 3.7 per cent on Monday to their highest level since January, with strength in the cash market leading the way, traders said. But cattle futures weakened, setting back from Friday’s gains amid plentiful supplies. Chicago Mercantile Exchange April lean hogs settled 2.3 cents higher at 62.85 […] Read more
U.S. livestock: Lean hogs rally in technical, seasonal bounce
Chicago | Reuters — U.S. lean hog futures rose sharply on Friday in a technical and seasonal-buying rally that took prices to the highest in a month, traders said. Futures were also lifted by stronger cash hog and pork prices and on expectations for improving pork exports, especially if African swine fever in China elevates […] Read more
U.S. livestock: Live cattle rise on firm beef, cash prices
Chicago | Reuters — U.S. live cattle futures advanced on Thursday, lifted by firm beef and cash cattle markets and as investors took positions ahead of a monthly supply report due on Friday, traders said. Some feedlot cattle in the southern U.S. Plains traded at $128/cwt on Thursday, about steady with sales last week, and […] Read more
U.S. livestock: Hogs dip from two-week high, await trade news
Chicago | Reuters — U.S. lean hog futures retreated on Wednesday after four straight sessions of gains in a technical and profit-taking setback from two-week highs as investors awaited new developments in U.S.-China trade negotiations. Cattle futures also fell broadly, although worries about a late-winter snowstorm forecast for the beef cattle-producing U.S. Plains underpinned the […] Read more
U.S. livestock: Hog futures set two-week peak on pork price hopes
Chicago | Reuters — U.S. lean hog futures jumped to two-week highs on Tuesday amid hopes for increased pork prices, which have been under pressure from large supplies and weakened demand from China. Wholesale pork prices, known as the cutout, rose by $1.01 on Monday to $62.93/cwt for carcasses, according to U.S. Department of Agriculture […] Read more
U.S. livestock: CME live cattle retreat on profit-taking
Chicago | Reuters — U.S. live cattle futures closed lower on Monday as investors booked profits after contract highs hit on Friday, traders said. Managed funds hold a large net long position in Chicago Mercantile Exchange live cattle futures, leaving the market vulnerable to bouts of long liquidation. The funds expanded their net long in […] Read more
U.S. livestock: Cold weather pushes cattle futures to new highs
Chicago | Reuters — U.S. live cattle futures roared to new contract highs on Friday, supported by worries about cold weather limiting weight gain in herds. Most-active April cattle touched a contract high of 130.45 cents/lb., topping its previous high of 130.1 on Wednesday (all figures US$). June cattle also touched a high for the […] Read more
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