Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged by their three cents/lb. daily price limit on Friday, boosted by investment fund buying and better-than-expected sales in cash cattle markets, traders and analysts said. Feeder cattle futures also climbed by their daily limit, of 4.5 cents/lb., tracking the higher prices in the more […] Read more
U.S. livestock: Cattle futures limit up on better cash sales
U.S. livestock: Hog futures higher on spreading
Chicago | Reuters — U.S. lean hog futures were narrowly higher in bull-spreading on Thursday as some investors exited positions in nearby contract months ahead of a quarterly government supply report that was released after the close of trading. The U.S. Department of Agriculture in the report said the U.S. hog herd as of June […] Read more
U.S. livestock: CME hogs bounce back on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange hog futures finished higher on Tuesday after short-covering and bargain buying reversed recent market losses amid trade fears, analysts said. Hog farmers in the U.S. may face another wave of higher tariffs by China, which placed stiff retaliatory duties on U.S. pork imports in early April. CME hogs […] Read more
U.S. livestock: Hogs sink on weak cash markets, packer margins
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mostly lower on Friday as falling cash hog prices and poor packer margins weighed on the market, traders said. Worries over slowed pork export demand due to threatened retaliatory tariffs by key trading partners, including Mexico and China, also weighed on the hog market. […] Read more
U.S. feedlots draw more cattle than expected in May
Chicago | Reuters — Ranchers in May drove more cattle into U.S. feedlots than anticipated compared with the same period a year ago, said analysts after Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. The data also showed the June 1 feedlot cattle supply climbed 4.1 per cent from a year earlier — […] Read more
U.S. livestock: Bargain buying pares some CME hogs’ losses
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed moderately higher on Thursday, with support from bargain buying and short-covering that pared some recent market losses amid U.S. trade worries, said analysts. U.S. hog farmers, still reeling from higher retaliatory tariffs on pork imposed by China in early April, are bracing for another round […] Read more
U.S. livestock: Hogs fall on trade war fears, cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell over two per cent on Tuesday, giving back gains notched in the previous session on broad selling across commodities amid fears of trade wars with importers of U.S. products including China and Mexico. A decline in U.S. cash hog prices late on Monday also […] Read more
U.S. livestock: Hogs jump on packer demand, cash prices
Chicago | Reuters — U.S. lean hog futures climbed as much as 2.3 per cent on Monday in a bull-spreading rally amid rising cash hog prices and strong demand from pork packers, traders and analysts said. Cattle futures also were mostly higher at the Chicago Mercantile Exchange, boosted by chart-based buying and positioning ahead of […] Read more
U.S. livestock: CME live cattle pivot higher on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle turned up sharply on Friday, with support from short-covering and bargain buying after Thursday’s losses that were partly led by U.S. trade uncertainty, said analysts and traders. On Friday China said it planned to impose similar size tariffs soon after Washington announced duties on $50 billion […] Read more
U.S. livestock: Trade fears drag down CME live cattle, hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures closed lower on Thursday, partly weakened by uncertainty over U.S. trade with China, traders said. China on Thursday urged the U.S. to make a “wise choice” on trade, saying it was ready to respond in case Washington chose confrontation, as U.S. President Donald […] Read more
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