Chicago | Reuters — Chicago Mercantile Exchange hogs rose for a second straight day on Wednesday as slaughter-ready, or cash, hog prices escalate in the midst of a seasonal supply squeeze, traders said. Sultry weather in parts of the U.S. Midwest caused livestock to eat less feed, which slows their weight gain and delivery to […] Read more
U.S. livestock: CME hogs move up with cash prices
U.S. livestock: CME hogs snap back on higher cash, wholesale pork prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Tuesday recovered from Monday’s selloff, helped by higher wholesale pork values and surging market-ready, or cash, hog prices, traders said. Fund buying and bargain hunting enhanced futures advances, they said. June hogs, which will expire on Thursday, closed up 0.375 cent/lb. at 80.525 cents (all […] Read more
U.S. livestock: Profit-taking, renewed trade fears drop CME hogs
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Monday reversed Friday’s advances, hit by profit-taking and renewed concerns over U.S. exports following late last week’s contentious G-7 summit, said traders. Europe will implement counter-measures against U.S. tariffs on steel and aluminum just like Canada, German Chancellor Angela Merkel said on Sunday, voicing regret […] Read more
U.S. livestock: Surging cash prices, easing trade fears boost CME hogs
Chicago | Reuters –– Chicago Mercantile Exchange hog futures closed higher on Friday fueled by rising prices for market-ready, or cash, hogs and less concern about U.S. pork trade with Mexico, said traders. On Thursday the Mexican government said it would allow some U.S. pork into the country duty-free under an import quota despite retaliatory […] Read more
U.S. livestock: CME hogs mostly lower on profit-taking, trade worries
Chicago | Reuters — Most Chicago Mercantile Exchange hog contracts ended lower on Thursday after profit-taking and uneasiness over U.S. trade with Mexico pared some of Wednesday’s gains, said traders. On Tuesday Mexico’s economy minister said that country will import more pork from Europe after placing a 20 per cent duty on U.S. pork in […] Read more
U.S. livestock: Strong cash prices reverse CME hogs’ losses
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday closed up sharply, spurred by short-covering and escalating prices for slaughter-ready, or cash, hogs that reversed Tuesday’s market losses, said traders. On Tuesday, some CME hog contracts day fell more than two per cent after Mexico imposed tariffs on U.S. pork following Washington’s higher […] Read more
U.S. livestock: CME hogs slump following Mexico tariff news
Chicago | Reuters — Some Chicago Mercantile Exchange hog contracts on Tuesday fell more than two per cent at one point after Mexico announced it imposed tariffs on U.S. pork, traders said. Mexico imposed tariffs on U.S. products ranging from steel to pork and bourbon in retaliation for higher import duties by Washington on Mexican […] Read more
U.S. livestock: CME futures fall on grain market weakness
Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures fell on Monday, pressured by spillover weakness from sharp declines in the grains markets, traders said. Concerns about demand from China added to the bearish tone hanging over the hog markets futures after weekend trade talks between Beijing and Washington ended without any deals […] Read more
U.S. livestock: Bargain buying, short-covering lift CME hogs
Chicago | Reuters — Chicago Mercantile Exchange hog futures settled higher on Friday, with support from bargain buying and short-covering heading into the weekend, said traders. CME June hog futures led gainers after investors bought that contract and simultaneously sold deferred months in a trading strategy known as bull spreads, they said. June hogs closed […] Read more
U.S. livestock: Profit-taking, trade war fears upend CME hogs
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed lower on Thursday, rocked by profit-taking amid worries that pork could suffer from retaliatory tariffs against the U.S., traders said. June hogs closed 0.7 cents/lb. lower at 76.625 cents (all figures US$). July ended 2.075 cents lower at 78.05 cents. Mexico threatened to reciprocate with […] Read more
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