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: Hogs limit up on expectations for Chinese buying
U.S. livestock: Live cattle extend recovery from nine-year low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures shot higher on Wednesday on short covering and technical buying as the market extended a rebound from a nine-year low this week. CME October live cattle futures ended up 2.35 cents at 98.5 cents/lb. (all figures US$). The market has climbed since October live cattle […] 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
U.S. livestock: Live cattle fall as cash cattle, beef prices sag
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell to contract lows on Thursday as cash cattle prices declined from last week and wholesale beef prices extended their slide, traders said. Cash cattle traded at $100/cwt in Texas and Kansas, traders said, down from $103 last week (all figures US$). “Boxed beef is […] Read more
U.S. livestock: Lean hogs limit up on Chinese pork prices
Chicago | Reuters — U.S. lean hog futures surged their daily limit on Tuesday on a mix of fund-driven buying and renewed optimism about Chinese demand for pork as the Asian country struggles with outbreaks of African swine fever in its massive hog herd, traders said. Retail pork prices in China hit a record in […] Read more
U.S. livestock: Cattle slide as traders eye weak cash prices
Chicago | Reuters — U.S. cattle futures fell on Friday on weakness in the cash market, while hog futures ended mixed. Cattle futures and cash prices have tumbled since a fire at a Tyson Foods slaughterhouse at Holcomb, Kansas, this month removed a key buyer from the market. Some farmers have tried to delay cattle […] Read more
U.S. livestock: Hogs top one-week highs on China trade hopes
Chicago | Reuters — U.S lean hog futures shot to their highest prices in more than a week on Thursday on hopes for progress in trade negotiations with China. China’s commerce ministry said both sides are discussing the next round of talks scheduled in September, but progress would be determined by whether Washington could create […] Read more
U.S. livestock: CME cattle down as USDA launches beef market probe
Chicago | Reuters — U.S live cattle futures fell on Wednesday on large domestic supplies, analysts said, as the U.S. Department of Agriculture launched an investigation into the wide gap with beef prices. Cattle prices have weakened recently after a fire at a Tyson Foods slaughterhouse in Kansas temporarily eliminated a key buyer of livestock. […] Read more
Cyber-Savvy Farmer
