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Pork

CME April 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle sag on supply expectations

By GFM Network News, Tom Polansek January 22, 2020
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.

CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hogs, cattle ease amid uncertain Chinese demand

By GFM Network News, Tom Polansek January 21, 2020
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


(Dave Bedard photo)
Markets

No need for more U.S. farm aid after China deal, Perdue says

By GFM Network News, Mark Weinraub January 20, 2020
Austin | Reuters — With China poised to increase purchases of U.S. agricultural goods this year as part of a Phase One trade deal, the U.S. agriculture secretary said on Monday there is no need for a third year of trade-related aid for farmers. Farmers have increasingly relied on aid from the U.S. government to

CME April 2020 live cattle with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle, hogs firm on winter weather woes

By GFM Network News, Julie Ingwersen January 17, 2020
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


(Dave Bedard photo)
Markets

U.S. farmers expected to get third and final tranche of trade aid

By GFM Network News, Reuters January 16, 2020
Washington | Reuters — U.S. Agriculture Secretary Sonny Perdue said he expected the federal government to pay farmers a third and final tranche of 2019 trade aid a day after an initial deal with China was signed, Bloomberg reported on Thursday. Washington and Beijing signed the Phase One pact on Wednesday, setting trade tensions between

CME February 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: CME hogs slide on Phase One uncertainty

By GFM Network News, Julie Ingwersen January 16, 2020
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.


A cargo ship is loaded with Brazilian soybeans bound for China. (Photo: Reuters/Paulo Whitaker)
Markets

Trade deal will not affect China’s other ag suppliers, Liu says

By GFM Network News, Hallie Gu January 16, 2020
Beijing | Reuters — China’s other suppliers of agricultural commodities will not be impacted by the Sino-U.S. trade deal since buying will be based on market principles, Vice-Premier Liu He said, according to a report from state-owned CCTV on Thursday. Liu was speaking on Wednesday at a press briefing after signing the Phase One trade

CME June 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hogs firm in muted reaction to Phase One pact

By GFM Network News, Julie Ingwersen January 15, 2020
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


Chinese Vice-Premier Liu He and U.S. President Donald Trump shake hands after signing “Phase One” of a U.S.-China trade agreement during a ceremony at the White House in Washington on Jan. 15, 2020. (Photo: Reuters/Kevin Lamarque)
Markets

‘Market condition’ caveat on U.S. ag purchases adds to Phase One doubts

By GFM Network News, Reuters January 15, 2020
Chicago | Reuters — China’s pledge to buy U.S. farm goods based on “market conditions” during the Phase One trade deal signing ceremony on Wednesday added to doubts among farmers and commodity traders over the lingering tariffs on U.S. exports. The agreement, meant to reduce tensions after nearly two years of a tit-for-tat tariff war,

Chinese Vice-Premier Liu He and U.S. President Donald Trump shake hands after signing “Phase One” of a U.S.-China trade agreement during a ceremony at the White House in Washington on Jan. 15, 2020. (Photo: Reuters/Kevin Lamarque)
Markets

U.S., China reset trade relationship with Phase One agreement

By David Lawder, GFM Network News January 15, 2020
Washington | Reuters — The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world’s two largest economies. Beijing and Washington have portrayed their “Phase One” agreement as a momentous step after


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