Chicago | Reuters — U.S. cattle futures weakened on Wednesday as traders prepared for a government report that is expected to confirm the nation’s supplies have expanded from a year ago. The U.S. Department of Agriculture will report on Friday that there were 11.948 million head of cattle on feed for slaughter as of Jan. […] Read more
Tag Archives Beef Cattle — page 18
U.S. livestock: CME cattle sag on supply expectations
U.S. livestock: Hogs, cattle ease amid uncertain Chinese demand
Chicago | Reuters — U.S. livestock futures came under pressure on Tuesday as traders waited for signs of increased Chinese demand after Beijing and Washington signed an initial trade deal last week. China pledged to increase purchases of U.S. agricultural products as part of the agreement, which is meant to reduce tensions after nearly two […] Read more
U.S. livestock: CME cattle, hogs firm on winter weather woes
Chicago | Reuters — Front-month lean hog futures on the Chicago Mercantile Exchange (CME) settled about one per cent higher on Friday, supported by fears that a weekend winter storm in the Plains and Midwest would slow the transport of livestock and complicate pork and beef plant operations, traders said. “We see some significant disruptions […] Read more
U.S. livestock: CME hogs slide on Phase One uncertainty
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) fell about 1.5 per cent on Thursday, joining a broad sell-off in agricultural futures that traders attributed to fund selling and uncertainty about the details of a U.S.-China trade agreement signed a day earlier. China agreed to increase purchases of U.S. […] Read more
U.S. livestock: Hogs firm in muted reaction to Phase One pact
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) inched higher on Wednesday as the United States and China signed a Phase One trade agreement that could lead to increased sales of U.S. meat to the world’s biggest pork consumer. However, gains in futures were muted by a lack of […] Read more
U.S. livestock: Lean hog futures rebound
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange (CME) closed higher on Tuesday, bouncing a day after falling to a one-month low as traders adjusted positions ahead of Wednesday’s planned signing of a U.S.-China trade agreement, brokers said. “The choppy trade continues. There is clearly some nervousness associated with what is […] Read more
U.S. livestock: Lean hogs hit one-month low on weak cash values
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange (CME) fell to a one-month low on Monday, pressed by ample U.S. pork supplies and a discount in the cash hog market relative to futures, traders said. “We’ve got a problem where we are still seeing big hog numbers,” said Doug Houghton, analyst […] Read more
U.S. livestock: Cattle rise on firm cash market, harsh Plains weather
Chicago | Reuters — U.S. live cattle futures climbed to the loftiest levels of the week on Friday on expectations for higher cash cattle sales at Plains feedlot markets and as harsh weather in parts of the region increased stress on the animals. Some feedlot cattle in the central and northern Plains have traded at […] Read more
U.S. livestock: Lean hogs sink on big supply, premium to cash prices
Chicago | Reuters — U.S. lean hog futures fell on Thursday on ample supplies of hogs and a weak cash market, and as traders remain uncertain about how much additional pork China would buy as part of a Phase One trade deal with the United States. The actively traded Chicago Mercantile Exchange (CME) February contract […] Read more
U.S. livestock: Chinese buying drives record pork exports in November
Chicago | Reuters — U.S. pork exports in November surged to a record high for any month, according to new government data, driven by a fatal pig disease stoking a meat shortage in China. The shipments fueled expectations for more big sales to China, although U.S. hog futures slumped on Wednesday. China, the world’s largest […] Read more
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