Chicago | Reuters — U.S. lean hog futures rose more than one per cent on Friday, following broad strength in commodities tied to hopes for a U.S.-China trade deal, along with firm cash values for hogs and pork, analysts said. Chicago Mercantile Exchange benchmark December lean hog futures settled up 1.125 cents at 69.6 cents/lb. […] Read more
U.S. livestock: Hog futures up on trade progress, firm cash
U.S. livestock: Hogs slip despite record-large pork sales to China
Chicago | Reuters — U.S. lean hog futures sagged on Thursday as the confirmation of record-large weekly pork export sales to China failed to impress traders who have been expecting a surge in demand for months. Uncertainty about when the pork will be shipped to China also kept a lid on gains, traders said. The […] Read more
U.S. livestock: CME lean hogs rise on China trade optimism
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday for a second straight session on hopes that U.S. trade talks with China, at a time of surging Chinese pork prices, could bolster U.S. pork exports, traders said. CME December lean hog futures settled up 2.075 cents at 69.475 cents/lb., just […] Read more
U.S. livestock: CME lean hogs recover on bargain buying, trade hopes
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Tuesday in a technical and bargain-buying rebound from one-month lows amid hopes that China would step up U.S. pork imports as the country’s domestic pork prices have soared. The hog herd in China, the world’s largest pork market, has been decimated by African […] Read more
U.S. livestock: CME hogs limit down on U.S.-China trade jitters
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell their daily limit on Monday, declining for a fifth straight session as an aggressive slaughter pace and uncertainty about this week’s U.S. trade talks with China overshadowed rising pork cut-out values, traders said. The selloff came as U.S. and Chinese deputy trade negotiators launched a […] Read more
U.S. meat industry sues California for animal protection ‘overreach’
Reuters — California was sued on Friday by the largest U.S. trade group for meat packers and processors, which wants to block enforcement of a voter-approved measure requiring farmers to provide more space for animals being raised for food. The North American Meat Institute, whose members include processors such as Tyson Foods and retailers including […] Read more
JBS USA to produce pork without ractopamine
Chicago | Reuters — JBS USA will remove a growth drug banned by Beijing from its U.S. hog supply, the company said on Friday, accelerating the competition for pork exports as China grapples with a devastating pig disease. The meat packer’s move away from the drug ractopamine, a feed additive, shows how companies are maneuvering […] Read more
U.S. livestock: Hogs extend losing streak
Chicago | Reuters — U.S. hog futures fell for the fourth day in a row on Friday, extending a losing streak that pulled prices off a two-week high hit on Monday. Traders said gains in the futures earlier in the week outpaced cash market strength and the spread between the two markets needed correcting. Cattle […] Read more
U.S. livestock: Cattle futures rise on cash market strength
Chicago | Reuters — U.S. cattle futures firmed for the second day in a row on Thursday, with the most-active December live cattle contract holding support near a two-month peak on strong cash prices. “The cash market has been moving up steadily,” said Don Roose, analyst with U.S. Commodities in West Des Moines, Iowa. “The […] Read more
U.S. livestock: Cattle futures hit highest since Aug. 9
Chicago | Reuters — U.S. livestock futures were mixed on Wednesday, with hog contracts easing for the second day in a row on technical follow-through selling while cattle futures firmed. The most-active December live cattle contract hit its highest in nearly two months. Traders said futures prices for hogs had rallied too sharply compared to […] Read more
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