Chicago | Reuters — U.S. livestock futures were higher on Friday, with lean hogs rising sharply and cattle notching relatively smaller gains as each market was buoyed by hopes of better meat demand, traders said. Hog futures on the Chicago Mercantile Exchange continued to rise on expectations that the spreading African swine fever virus in […] Read more
U.S. livestock: Cattle, hogs gain in thin trading on demand optimism
CBOT weekly outlook: Markets quiet heading into holidays
CNS Canada — Traders aren’t expecting much to move corn and soybean markets in upcoming weeks as the U.S. moves into holiday mode. “These markets are going to just be very choppy and of course we’re going into December and nobody likes to work (during the holiday season). There’s more parties, Washington goes on Christmas […] Read more
U.S. livestock: Hogs fall after contract highs on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled three per cent on Tuesday, reversing after hitting contract highs as investors locked in profits ahead of Thursday’s U.S. Thanksgiving Day holiday, traders said. Hog futures had gained in eight out of the past nine sessions on hopes of stronger pork demand, especially in […] Read more
U.S. livestock: Hogs rise to contract highs on export optimism
Chicago | Reuters — U.S. lean hog futures rose to life-of-contract highs on Monday, extending steep gains from last week on optimism for robust exports of U.S. pork due to the worsening African swine fever virus outbreak in China, traders said. China, the top world hog producer and pork consumer, has culled its swine herd […] Read more
U.S. livestock: Lean hogs limit up on swine fever fears
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged on Friday and the three most active contracts closed up their daily trading limit on rising concerns about the spread of African swine fever in China, traders said. Technical buying accelerated gains, lifting several deferred-month contracts to life-of-contract highs. “African swine fever fears are […] Read more
U.S. livestock: Hogs rise on technical buying, demand outlook
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed for a fourth straight session on Thursday, lifted by technical buying and good demand for pork, traders said. Persistent concerns about the spread of African swine fever in China, the world’s top hog and pork producer, also underpinned prices as forecasts for big global […] Read more
U.S. livestock: Lean hogs end limit-up on African swine fever jitters
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures surged on Wednesday as concerns about the spread of African swine fever, particularly in China, fueled buying that took some contracts up by as much as their daily trading limits. Additional support in actively traded December futures stemmed from the contract’s discount to cash hog […] Read more
U.S. livestock: Hogs extend slide, fall below seven-week lows
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slid for the third consecutive session on Thursday and touched their lowest prices in more than seven weeks on concerns about increasing supplies, traders said. The market has weakened since contracts set multi-month highs on Oct. 1 amid worries about meat supplies swelling due to […] Read more
U.S. livestock: Hogs surge on cash price optimism
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared as much as three per cent on Monday in bull-spreading linked to hopes of stronger U.S. cash hog prices and fears of African swine fever spreading in top pork consumer China, traders said. The gains came after China reported an African swine fever case […] Read more
U.S. livestock: Cattle futures drop on plentiful supplies, demand concerns
Chicago | Reuters — U.S. cattle futures fell on Friday, pressured by ample supplies and rising concerns about demand amid weakness in global equities markets, traders said. Flat cash markets also cast a bearish tone on the markets. Cash cattle have traded at $111/cwt for five weeks in a row (all figures US$). Most-active CME […] Read more
Cyber-Savvy Farmer
