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: CME hogs mostly lower on profit-taking, trade worries
U.S. grains: Wheat climbs on global weather woes
Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Wednesday on a mix of technical buying and worries about persistent dry weather in major exporting countries including Russia and Australia. Corn and soybeans sagged as weather in the U.S. crop belt remained mostly favourable. Chicago Board of Trade July wheat settled […] 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
Mexico hits back on U.S. steel, slaps tariffs on pork, bourbon
Mexico City | Reuters — Mexico responded in kind to U.S. President Donald Trump’s metals tariffs by imposing its own duties on U.S. steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon. Mexico’s peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the […] 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: 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
U.S. grains: Wheat up for third day in a row
Chicago | Reuters — U.S. wheat futures rose on Thursday, their third straight day of gains, on worries that adverse weather will lead to crop shortfalls in key growing areas around the world, traders said. Soybean futures fell, pressured by fresh concerns about exports. Corn futures closed lower on long liquidation by funds after failing […] Read more
U.S. pushing for NAFTA deal ahead of Thursday deadline
Washington | Reuters — The United States is still pushing for a deal to revise the North American Free Trade Agreement (NAFTA), the White House said on Wednesday, while a top Mexican official held out the possibility of an agreement in the coming weeks. President Donald Trump is committed to getting a better agreement with […] Read more
NAFTA talks drag on as U.S., Mexico spar over autos
Washington | Reuters — Top-level talks to update the North American Free Trade Agreement made little headway on Wednesday as the U.S. and Mexico sought to settle differences over the key issue of automobiles, three well-placed sources said. With time fast running out to reach a deal, the two NAFTA members are discussing a U.S. […] Read more
Trade rows spell gain, and pain, for U.S. grain exporters
Chicago | Reuters — Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry. After five years of bumper harvests worldwide that depressed crop prices, trading margins are […] Read more
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