Chicago | Reuters — U.S. hog futures fell more than three per cent on Monday on profit-taking after a 14 per cent rally last week left futures over-priced relative to domestic cash prices, analysts said. CME Group live cattle futures fell in response to a lower cash cattle trade late last week and spillover weakness […] Read more
U.S. livestock: Lean hogs close lower, halting five-session climb
U.S. livestock: Hogs up, cattle firm on hopes for Mexico deal
Chicago | Reuters — U.S. hog and cattle futures rose on Friday, boosted by hopes that a trade agreement with Mexico will be finalized in the coming days, traders said. Mexico’s economy minister Ildefonso Guajardo said on Friday he hopes to conclude by the middle of next week outstanding bilateral issues with the U.S. surrounding […] Read more
U.S. livestock: Hogs close limit up on hopes of export pick-up
Chicago | Reuters — U.S. hog futures rallied on Thursday, with most contracts closing at their daily trading limit, on hopes that exports to China will pick up after Washington and Beijing agreed to open trade negotiations, traders said. China and the U.S. will hold lower-level trade talks this month, the two governments said, offering […] Read more
Trade uncertainty weighs on Manitoba pork prices
CNS Canada –– An ongoing trade battle between China and the U.S., along with general uncertainty in global trade, is starting to put a damper on Manitoba pork prices. In Canada, the formula price used by domestic farmers is based on the national base price in the U.S. That price is determined by a formula […] Read more
U.S. livestock: Hogs rise on bargain buying
Chicago | Reuters –– U.S. hog futures rose on Wednesday on a mild bargain buying bounce after prices sank to a 4-1/2 month low early in the session, traders said. Bargain hunting also propped up cattle futures. Gains in cattle and hogs were limited due to a lack of fresh news. CME August live cattle […] Read more
U.S. livestock: Technical buying supports cattle futures
Chicago | Reuters — U.S. cattle futures rose on Tuesday, supported by technical buying after falling on Monday, traders said. The benchmark Chicago Mercantile Exchange October live cattle futures contract found support at its 100-day moving average. The market has not closed below that key technical point since July 13. Hog futures were mixed, with […] Read more
U.S. livestock: Cattle drop on weak cash markets, rising supply
Chicago | Reuters — U.S. cattle futures fell on Monday, weighed down by weakness in the cash market, traders said. Weekly slaughter estimates showed supplies up from a year ago and last week, adding pressure to the market. Hog futures were firm, supported by rising values for the pork cutout. Chicago Mercantile Exchange August live […] Read more
U.S. livestock: Slumping cash prices extend CME hogs’ losses
Chicago | Reuters — Chicago Mercantile Exchange hogs closed lower for a second day in a row on Friday, hit by downward-trending prices for market-ready, or cash, hogs amid plentiful supplies, said traders. Hog numbers are at a record high due to affordable feed and farmers adding to herds to satisfy four new U.S. plants […] Read more
U.S. livestock: CME hogs stumble on lower cash, pork prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures ended lower on Thursday after packers paid less money for market-ready, or cash, hogs as prices for pork at wholesale eased, said traders. Packer interest in raising hog bids waned in the midst of plentiful supplies and while Smithfield Foods closed some of their plants to […] Read more
U.S. livestock: Cash price uncertainty weakens CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle lost ground on Tuesday after investors exercised caution in advance of this week’s prices for market-ready, or cash, cattle, said traders. There may have been some disappointment after initial bids for cash cattle came in below last week’s sales, a trader said. On Tuesday packers had […] Read more
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