Chicago | Reuters — U.S. food safety and the health of plant workers will be at risk from new federal rules that allow meat companies to slaughter hogs as fast as they want and shift the role of government inspectors, food and environmental advocates said on Tuesday. The warnings about the U.S. Department of Agriculture’s […] Read more
Safety advocates sound alarm over new U.S. hog slaughter rules
U.S. livestock: Cattle futures top one-month peaks
Chicago | Reuters — U.S. live cattle and feeder cattle futures jumped to their highest prices since August on Wednesday as traders predicted that cash prices will also increase. October live cattle futures closed up 1.025 cents at 100.375 cents/lb. at the Chicago Mercantile Exchange (CME). October feeder cattle advanced 1.1 cents to 138.4 cents/lb. […] Read more
Hog market at seasonal lows, turnaround expected
MarketsFarm — The Canadian hog market may be at its seasonal lows, but tightening worldwide supplies should underpin values over the next few months. “We’re at a seasonal time of year when prices move lower,” said Brad Marceniuk, livestock economist with Saskatchewan Agriculture, pointing to higher U.S. slaughter numbers and a slowdown in North American […] Read more
U.S. livestock: Hogs fall from gains as cash prices ease
Chicago | Reuters — U.S. lean hog futures tumbled on Tuesday, with the most-active contract dropping by the daily maximum, due to weak cash prices and technical selling, traders said. Pork cutout values eased for carcasses, loins, bellies and other products, according to U.S. Department of Agriculture estimates. December lean hog futures dropped the daily […] Read more
U.S. livestock: Hogs rise on expectations for Chinese buying
Chicago | Reuters — U.S. lean hog futures climbed to their highest price since July on Monday on expectations for Chinese buying, while technical selling pushed down cattle futures. Meat traders anticipate China will increase pork imports to offset an expected shortage caused by an outbreak of African swine fever, a fatal pig virus that […] Read more
U.S. livestock: Hogs limit up again on China tariff exemption
Chicago | Reuters — U.S. lean hog futures climbed by an expanded daily limit on Friday as China said it would exempt U.S. pork from additional tariffs imposed during its trade war with the United States. The exemptions raised hopes for Chinese buying and were seen as the latest sign of easing Sino-U.S. tensions before […] Read more
U.S. livestock: Hogs limit up on expectations for Chinese buying
Chicago | Reuters — U.S. lean hog futures climbed the daily exchange-imposed limit on Thursday on increasing expectations for Chinese buying as the world’s two largest economies prepared for talks aimed at breaking the logjam in their trade war. The Chicago Mercantile Exchange (CME) will temporarily expand the trading limit to 4.5 cents on Friday […] Read more
U.S. livestock: Lean hogs advance on China trade hopes
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Tuesday as expectations rose for China to increase pork imports from the United States, traders said. China, the world’s top pork consumer, is expected to buy more U.S. agricultural products in hopes of a better trade deal with Washington, the South China Morning […] Read more
U.S. livestock: Live cattle set nine-year low on weak cash prices, big supply
Chicago | Reuters — Front-month live cattle futures fell to a nine-year low on the Chicago Mercantile Exchange on Monday under pressure from weak cash prices and large supplies. Cash cattle are expected to trade around $98/cwt this week in Texas and Kansas, down from $100 last week and $103 two weeks ago, according to […] Read more
U.S. livestock: Live cattle limit down on weak cash prices
Chicago | Reuters — Front-month live cattle futures on the Chicago Mercantile Exchange fell their daily limit on Friday, dipping to the lowest level since 2016 as traders reacted to weak cash cattle prices, brokers said. Cash cattle traded at $100/cwt this week in Texas and Kansas, traders said, down from $103 last week (all […] Read more
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