Chicago | Reuters — U.S. cattle futures remained relatively steady on Monday but funds continued to hold their long positions in anticipation of a surge of demand for U.S. meat after the U.S.-China “Phase 1” trade agreement is finalized, traders said. U.S. lean hog futures inched upward, rising for a third session on the same […] Read more
U.S. livestock: CME cattle, hogs relatively steady on trade deal hopes
U.S. livestock: CME hogs, cattle climb on China trade news
Chicago | Reuters — U.S. lean hog futures rose on Friday on hopes that a “phase one” trade agreement announced by Washington and Beijing would stimulate Chinese purchases of U.S. pork, but prices pared gains as traders struggled with uncertainty about the specifics. As part of the agreement, Beijing committed to buy an additional $32 […] Read more
U.S. livestock: Hogs firm on fresh hopes for China trade pact
Chicago | Reuters — U.S. lean hog futures closed higher on Thursday on rekindled hopes for a U.S. trade deal with China, the world’s top pork consumer, traders said. Recent strength in cash hog markets added support, although prices in the closely watched Iowa and southern Minnesota market fell on Thursday afternoon after rising in […] Read more
U.S. livestock: Cattle futures rise on technical buying
Chicago | Reuters — U.S. cattle futures rose on Wednesday, rebounding from Tuesday’s downturn, while hog futures eased. Traders said that signs of strength in the cash market added support to the strength in both live and feeder cattle contracts. Technical buyers also helped pushed prices higher after early signs of strength. Chicago Mercantile Exchange […] Read more
U.S. livestock: Firmer cash prices support CME hog futures
Chicago | Reuters — U.S. hog futures rose on Tuesday with support from stronger cash prices, while live cattle futures eased in a setback from recent advances. Gains in hog futures and cash prices reflect solid domestic demand for pork and signal that pig supplies are expected to tighten heading into the new year, said […] Read more
Strong foreign demand boosts North American hog markets
MarketsFarm — While the volume of hogs at North American slaughter markets have kept packing plants near capacity in recent weeks, strong foreign export demand has kept pork values high. “We expect pork values to move higher, due to the shortness of production in China,” said Brad Marceniuk, a Saskatchewan provincial livestock economist in Saskatoon. […] Read more
U.S. livestock: Plentiful supply pressures CME hogs
Chicago | Reuters — U.S. hog futures fell on Monday in a turnaround from a two-week high last week, as large inventories pressured prices. Meat packers slaughtered an estimated 496,000 pigs, up from 475,000 a year ago, putting extra pork on the market. U.S. hog supplies are large after farmers expanded their herds to supply […] Read more
U.S. livestock: Hog futures fall after weak export sales report
Chicago | Reuters — CME Group hog futures eased on Thursday, pressured by a bearish pork export sales report, traders said. Cattle contracts were mixed, with live cattle rising on technical buying while feeder cattle eased. The U.S. Agriculture Department on Thursday morning said that weekly export sales of pork came in at a four-week […] Read more
U.S. livestock: Hog futures firm on cash market strength
Chicago | Reuters — U.S. lean hog futures Tuesday rose 3.6 per cent on Tuesday, supported by signs of strength in the cash market, traders said. USDA data showed that cash prices for hogs in Iowa and Minnesota have risen by more than $2 since last Wednesday, evidence that the market may have found its […] Read more
U.S. livestock: Hog futures drop on supply glut
Chicago | Reuters — U.S. lean hog futures fell 2.4 per cent on Monday, weighed down by bearish supply concerns, traders said. “The hog market boils down to more of the same. Big supplies, record supplies,” said Don Roose, president of Iowa-based U.S. Commodities “With these trade talks still iffy, where are the Chinese? They […] Read more
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