Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday, after bargain buying reversed earlier losses following China’s proposed tariff increase on U.S. beef, said traders. China listed beef and other U.S. goods that may incur a 25 per cent duty by the end of May if Washington makes good on threats […] Read more
U.S. livestock: CME live cattle shrug off China beef tariff news
U.S. livestock: More CME hog losses on China pork tariff hike
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday tumbled for a second straight day, dragged down by slumping cash hog prices and China’s additional 25 per cent tariff on U.S. pork imposed on Monday, said traders. The Chinese raised duties on pork, and more than 100 other U.S. products, after the U.S. […] Read more
U.S. livestock: CME hogs limit down on China pork tariff hike
Chicago | Reuters — Some deferred-month Chicago Mercantile Exchange lean hog futures settled down their three-cent-per-pound daily price limit on Monday after China raised tariffs on U.S. pork by another 25 per cent, said traders. Late on Sunday China announced higher duties on U.S. pork and over 100 other products that went into effect on […] Read more
U.S. March hog herd hits record high
Chicago | Reuters — The number of hogs on U.S. farms in the December-February quarter was up 3.1 per cent from the same period a year ago, a record high for the quarter, according to Thursday’s U.S. Department of Agriculture (USDA) report. Farmers added extra pigs, encouraged by less-costly feed during that period and the […] Read more
U.S. livestock: Cattle tumble as USDA report rallies corn
Chicago | Reuters — U.S. live cattle futures fell sharply on Thursday as a rally in the corn market sent feeder cattle tumbling and as weak cash cattle prices and rising supplies weighed on sentiment, traders said. The actively traded Chicago Mercantile Exchange June contract dropped by the three-cent-per-pound daily limit to settle at 102.575 […] Read more
U.S. livestock: Cattle, hogs mostly higher on bargain-buying
Chicago | Reuters — U.S. livestock futures were mostly higher on Wednesday, with both cattle and hogs recovering from recent lows on bargain buying and positioning ahead of government supply data, traders and analysts said. Most lean hog contracts jumped three per cent or more on the Chicago Mercantile Exchange after earlier notching lifetime lows. […] Read more
U.S. livestock: CME hogs end mixed on positioning before USDA report
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mixed on Tuesday after investors adjusted positions before the U.S. Department of Agriculture’s (USDA) quarterly hog report on Thursday, said traders. Analysts polled by Reuters, on average, estimated the U.S. hog inventory as of March 1 at 72.902 million head or 3.1 per cent […] Read more
U.S. livestock: CME live cattle touch six-month low on big supply
Chicago | Reuters — Chicago Mercantile Exchange live cattle tumbled to a six-month low on Monday as a glut of animals at U.S. feedlots fueled concerns about plentiful beef supplies into the fall, traders said. The U.S. Department of Agriculture reported after Friday’s market close that ranchers had placed 7.3 per cent more cattle in […] Read more
U.S. pork to feel further chill from China tariff threat
Beijing/Chicago | Reuters — China’s threat of steep tariffs on U.S. pork imports knocked down U.S. hog futures prices and shares of producers on Friday, while increasing fears of hard times for farmers already facing weaker demand from the world’s top buyer of the meat. U.S. farmers have worried for months that rising trade tensions […] Read more
U.S. livestock: CME hogs slump again on cash prices, trade war threat
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs fell on Friday for a second straight day, hit by recent cash hog price weakness and mounting worries about a potential trade war between the U.S. and China, traders said. Beijing said Friday it was considering imposing an additional tariff on U.S. products including an extra […] Read more
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