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
Tag Archives cattle futures — page 48
U.S. livestock: CME hogs slump following Mexico tariff news
U.S. livestock: CME futures fall on grain market weakness
Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures fell on Monday, pressured by spillover weakness from sharp declines in the grains markets, traders said. Concerns about demand from China added to the bearish tone hanging over the hog markets futures after weekend trade talks between Beijing and Washington ended without any deals […] Read more
U.S. livestock: Bargain buying, short-covering lift CME hogs
Chicago | Reuters — Chicago Mercantile Exchange hog futures settled higher on Friday, with support from bargain buying and short-covering heading into the weekend, said traders. CME June hog futures led gainers after investors bought that contract and simultaneously sold deferred months in a trading strategy known as bull spreads, they said. June hogs closed […] 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. livestock: CME live cattle limit up on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Wednesday settled up its three-cent-per-pound daily price limit, driven by short-covering and fund buying, traders said. They said CME live cattle garnered more support from higher wholesale beef values and future’s discount to early-week prices for market-ready, or cash, cattle. June and August live cattle […] Read more
U.S. livestock: Hogs touch five-week high on technical buying, pork gains
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a five-week high on Tuesday, bolstered by technical buying and gains in prices for cash hogs and pork, traders said. Live cattle futures were lower, easing on chart-based selling. Feeder cattle were higher, supported in part by lower corn prices as trading resumed […] Read more
Klassen: Feeder market undergoes minor recovery
Compared to last week, western Canadian yearlings sold $3 to as much as $6 higher while calf markets were relatively unchanged. Feeder cattle futures experienced a $5-$7 rally, which quickly renewed optimism in the cash trade. Ideas that yearling supplies will drop below year-ago levels on both sides of the border this August spurred on […] Read more
U.S. livestock: Feeder cattle extend gains on drop in placements
Chicago | Reuters — U.S. cattle futures rose on Friday, shrugging off earlier declines on technical buying and support from government data showing fewer cattle placed in feedlots during April, traders and analysts said. Relatively thinly traded feeder cattle futures jumped more than one per cent after the U.S. Department of Agriculture released its monthly […] Read more
U.S. livestock: Cattle ease on positioning ahead of supply report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell nearly one per cent on Thursday, pressured by fears of lower trades in cash cattle markets and positioning ahead of a government supply report due on Friday, traders said. The U.S. Department of Agriculture was set to release its monthly Cattle on Feed report […] Read more
U.S. beef packer margins soar as cattle prices fall
Chicago | Reuters — U.S. beef packers including Tyson Foods and Cargill are racking up historically high margins, thanks to slumping cattle prices amid a supply glut and as Americans turn to beef for their backyard summer barbecues. Supermarkets are stocking up on steaks, hot dogs and hamburgers for the May 26 U.S. Memorial Day […] Read more
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