Chicago | Reuters — U.S. lean hog futures climbed to a nearly three-month high on Wednesday, boosted by gains in cash hog markets, before futures trimmed gains to finish the session mixed. Cattle futures were nearly flat on the Chicago Mercantile Exchange, in technical trading as dealers awaited a monthly U.S. Department of Agriculture cattle […] Read more
U.S. livestock: Hog futures near three-month high
U.S. livestock: Hogs jump on gains in cash hogs, pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged over four per cent on Tuesday, rising to the highest levels in three months on support from gains in prices for hogs in cash markets and wholesale pork, traders said. A lower U.S. hog slaughter in recent days due to Hurricane Florence limited pork […] Read more
U.S. livestock: Live cattle mixed on profit-taking
Chicago | Reuters — U.S. live cattle futures settled narrowly mixed on Monday, with some contracts easing slightly after prices surged to six-month highs following strong sales in cash markets late on Friday, traders said. Front-month October live cattle jumped to a peak of 113.975 cents/lb., highest since March 14, before settling at 113.425 cents, […] Read more
U.S. livestock: Live cattle rally to six-month high on strong demand
Chicago | Reuters — U.S. live cattle futures ended sharply higher to limit up on Friday on in a short-covering and technical buying rally to six-month peaks fueled by strong demand for beef and expectations for higher cash market prices this week. Cattle traders are still waiting for more widespread cash deals to develop at […] Read more
U.S. livestock: Live cattle end mixed
Chicago | Reuters — U.S. live cattle futures ended mixed on Thursday as nearby contracts were anchored by their premium to cash market prices while deferred months firmed to contract highs on a strong demand outlook, traders said. Feeder cattle futures followed deferred live cattle contracts higher, along with continued support from a slumping corn […] Read more
U.S. livestock: Hogs jump on hopes for China trade talks
Chicago | Reuters — U.S. lean hog futures jumped more than two per cent on Wednesday on news that the Trump administration is attempting to restart trade negotiations with China, a major importer which has steep duties on shipments of U.S. pork. Senior U.S. officials led by Treasury Secretary Steven Mnuchin recently sent an invitation […] Read more
U.S. livestock: Hogs drop as large pork plants in Florence’s path
Chicago | Reuters — U.S. lean hog futures fell sharply on Tuesday as a powerful hurricane roared toward the U.S. East Coast, threatening hog production in the Carolinas, home to some of the country’s largest packing plants. Pork producer Smithfield Foods said it will be shuttering two of its hog plants in North Carolina on […] Read more
U.S. livestock: Lean hogs slip from three-week highs
Chicago | Reuters — U.S. lean hog futures settled mostly lower on Monday as early support from a swine fever outbreak in Asia and a hurricane off the U.S. East Coast faded and the market retreated from three-week highs. Technical selling in the overbought hog futures market added pressure. “The market is running out of […] Read more
U.S. livestock: October hogs limit up on cash prices, swine fever fear
Chicago | Reuters — U.S. lean hog futures surged on Thursday on rising cash hog prices and growing concerns about the spread of African swine fever in China, the world’s top hog and pork producer, traders said. Chicago Mercantile Exchange October futures closed up the daily three-cent-per-pound trading limit, aided by technical buying in the […] Read more
U.S. livestock: Cattle rise on fund buying, strong beef demand
Chicago | Reuters — U.S. cattle futures climbed more than one per cent on Tuesday, fueled by fund buying on the first trading day of the month and strong demand for beef, traders and analysts said. Chicago Mercantile Exchange October live cattle finished 1.1 cents higher at 109.875 cents/lb. while December futures added 1.425 cents […] Read more
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