Chicago | Reuters — U.S. hog futures rose in 2019 on hopes China will further increase pork imports as an outbreak of a fatal pig disease ravaged the Chinese herd. Prices eased on Tuesday as traders adjusted positions and booked some profits before the end of the year. The African swine fever disease has reshaped […] Read more
U.S. livestock: Hog futures rise in 2019 as swine fever hits China
U.S. livestock: Hog futures rally on China trade optimism
Chicago | Reuters — U.S. hog futures shot to their highest prices in more than six weeks on Monday on increased optimism over trade with China, the world’s biggest pork consumer. China agreed to import more U.S. farm goods under a Phase 1 trade deal struck this month, providing support for farm markets. Chinese Vice-Premier […] Read more
U.S. livestock: Cattle placements top estimates
Chicago | Reuters — U.S. cattle producers placed more animals than expected into feedlots last month, U.S. Department of Agriculture data showed on Friday, raising expectations for big supplies next summer. The increase in placements will likely pressure futures prices on Monday, brokers said. Meat producers and buyers are keeping a close watch on herd […] Read more
U.S. livestock: Hog futures rise on pork shipments to China
Chicago | Reuters — U.S. hog futures strengthened on Thursday as the U.S. Department of Agriculture reported shipments of U.S. pork to China last week reached their highest in at least 10 months. Traders and analysts are focusing on exports to China because it is the world’s top pork consumer and has lost about half […] Read more
U.S. livestock: CME live cattle retreat from contract highs
Chicago | Reuters — U.S. live cattle futures ended mostly lower on Wednesday as the market retreated from contract highs reached this week. Feeder cattle and hog futures were also mostly weaker. Analysts predict meat packers such as Tyson Foods and JBS USA will buy fewer cattle over the next two weeks because Christmas and […] Read more
U.S. livestock: CME cattle, hogs mixed on trade detail uncertainty
Chicago | Reuters — U.S. hog futures slipped on Tuesday, as uncertainty about details from the U.S.-China “Phase 1” trade agreement continued to make the market nervous, brokers said. Meanwhile, Chicago Mercantile Exchange (CME) live and feeder cattle futures continued to consolidate after Friday’s big price rally in the wake of the trade agreement news. […] Read more
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: 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
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
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