Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures tumbled on Friday, with several contracts falling the expanded daily limit of 4.5 U.S. cents/lb. on worries about a slowdown in demand for pork and fears that the coronavirus could shutter slaughterhouses, potentially backing up hog supplies, traders said. Chicago Mercantile Exchange June lean hog futures settled […] Read more
Tag Archives Pork
U.S. livestock: Hog, cattle futures dive as volatile trade continues
Paradise lost looms for German farmers as swine fever nears
As swine fever is found in wild boar in Poland, many worry infected animals will cross the border
Reading Time: 3 minutes Reuters – The German state of Brandenburg has erected about 120 kilometres of electric fencing to prevent wild boars infected with African swine fever (ASF) from straying across the border from Poland and infecting its pig herd. Hans-Christian Daniels doesn’t think the barrier will work. “It looks rather inevitable that swine fever will come,” said […] Read more
China encourages firms to raise pigs overseas
Officials aim to plug domestic pork shortage
Reading Time: 2 minutes Beijing | Reuters — China said Monday it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd. China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in […] Read more
U.S. livestock: Wall Street leads CME cattle, hogs limit down
'You are developing a demand problem'
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged their daily limit on Thursday, dragged down by another steep sell-off on Wall Street, fears of a global recession and continued uncertainty about consumer demand for meat, traders said. Chicago Mercantile Exchange April live cattle contract settled down its three-cent limit at 100.075 […] Read more
U.S. livestock: Cattle, hogs follow rebound on Wall Street
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday, following as Wall Street charged back from the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, traders said. The rally in global equity markets overshadowed bearish fundamentals in the cattle market, including declining cash […] Read more
U.S. says it would ban pig shipments if swine fever detected
Reading Time: < 1 minute Chicago | Reuters — The U.S. Department of Agriculture said Friday it will prohibit shipments of all pigs for at least three days if the nation ever finds a case of a fatal hog disease that has ravaged China’s herd. The federal government is preparing to contain and eradicate African swine fever if it spreads […] Read more
U.S. livestock: CME cattle retreat on demand worries
Hogs up on hopes for sales to China
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures slid Thursday as the global spread of the COVID-19 coronavirus raised worries about an economic slowdown that could hurt demand for beef. U.S. beef demand has been strong since last year, helping to push April live cattle futures to a contract high in December. On Friday, though, futures […] Read more
U.S. livestock: CME cattle dive as coronavirus slams global markets
Technical buying limits hogs' losses
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended a steep sell-off on Friday on growing worries that the spread of coronavirus would dent global economic growth and could tip the world economy into recession. Global stocks and oil prices fell sharply as traders fretted over the economic toll of the virus that […] Read more
CME to raise hog futures trading limits as swine fever fuels volatility
New daily limit of 3.75 U.S. cents proposed for mid-April
Reading Time: 2 minutes Chicago | Reuters — CME Group said Thursday it plans to increase daily trading limits for its lean hog futures in April, then adjust them annually because of heightened volatility linked to the outbreak of a fatal pig disease in China. The spread of African swine fever in China, the world’s biggest pork consumer, has […] Read more
U.S. livestock: CME live cattle sink to new lows
COVID-19 continues to spook investors
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mostly lower on Thursday, with several key contracts notching new contract lows on nagging worries about the spread of coronavirus and its impact on global economic growth and demand for beef. Commodity funds, which had recently built up a sizable net long position in live […] Read more
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