Chicago | Reuters — U.S. lean hog futures fell to a two-month low on Thursday on large supplies and uncertainty over negotiations to boost trade with China, the world’s top pork consumer. Traders and meat producers are hoping for further U.S. pork sales to China, which is grappling with a fatal pig disease that has […] Read more
Tag Archives Beef Cattle — page 22
U.S. livestock: Hogs reach two-month low
U.S. livestock: Hogs drop on large supply, trade war jitters
Chicago | Reuters –– U.S. livestock futures dropped on Wednesday, with lean hogs stumbling under pressure from large supplies in a turnaround from a rally a session earlier. Fresh uncertainty over U.S.-China trade relations added pressure to the hog market, analysts said. Traders and meat producers are hoping for further U.S. pork sales to China, […] Read more
U.S. livestock: Live cattle jump as beef stocks tighten, funds buy
Chicago | Reuters –– U.S. live cattle futures scaled to their highest point in 5-1/2 months on Wednesday as tighter-than-expected beef stocks and rising cash beef prices triggered active fund buying that took prices through key technical resistance levels. Actively traded contracts posted their strongest gains in nearly a month, breaking out of a narrow […] Read more
U.S. livestock: Lean hogs drop on burdensome supply, export jitters
Chicago | Reuters — U.S. lean hog futures slumped on Tuesday, pressured by abundant near-term hog supplies and concerns that U.S. pork export demand would not be large enough to absorb the expected surplus of meat produced. Hopes for a jump in Chinese demand for U.S. pork have supported hog futures at times in recent […] Read more
Manitoba beef sector faces tight feed situation
MarketsFarm — An early snowstorm may have been the last straw for Manitoba livestock producers looking to put up feed ahead of winter. While the foot or more of heavy snow that blanketed much of the province over the Thanksgiving weekend has melted, saturated fields continue to limit corn silage harvests and hay cutting. “Feed […] Read more
U.S. livestock: Lean hogs end mostly higher
Chicago | Reuters — U.S. lean hog futures closed mostly higher on Monday as hopes for rising demand for U.S. pork exports, particularly from China, more than offset near-term pressure from plentiful hog supplies. Investor caution kept hog futures in a narrow trading range following a roller-coaster session on Friday in which the market surged […] Read more
U.S. livestock: Lean hogs sag as traders parse USDA pork sales data
Chicago | Reuters — U.S. lean hog futures closed lower on Friday after a roller-coaster session in which prices jumped on news of massive weekly pork export sales, only to turn down after the U.S. Department of Agriculture (USDA) said its figures could include pork sold in previous weeks. Toward the close, lean hog futures […] Read more
U.S. livestock: Lean hogs slide on technical selling, China worries
Chicago | Reuters — U.S. lean hog futures closed lower on Thursday for a second straight session on bearish chart signals and uncertainty about export demand from China, traders said. China is facing a huge pork shortage due to an outbreak of a fatal pig disease, African swine fever. But so far the country’s purchases […] Read more
U.S. livestock: Live cattle climb on hopes for higher cash trade
Chicago | Reuters — U.S. live cattle futures closed modestly higher on Wednesday, extending a five-week rally tied to expectations of strong prices this week for cattle in the cash market, traders said. “Cash is $1-$2 higher every week, better than what people anticipated,” said Scott Varilek, a broker at Kooima and Kaemingk Commodities Inc. […] Read more
U.S. livestock: Lean hogs limit up on optimism for Chinese pork demand
Chicago | Reuters — U.S. lean hog futures hit a two-week high on Tuesday, with the benchmark December contract rising its daily limit of three cents per pound on optimism about increasing pork demand from China, traders said. Food prices in China have soared, driven mainly by a sharp increase in pork values after deadly […] Read more
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