Chicago | Reuters — U.S. lean hog futures ended higher on Friday in a turnaround from a decline earlier in the session to their lowest price since early September. Prices bounced back as pork producers are hoping that China will ramp up buying from the U.S. as it grapples with a fatal pig disease, African
U.S. livestock: CME lean hogs recover from two-month low
U.S. grains: Soy futures fall to two-month low
Chicago | Reuters — U.S. soybean futures slid to a two-month low on Wednesday on technical selling and expectations that increased rains will benefit crops in rival shipper South America. Corn and wheat futures also fell as traders adjusted positions ahead of Thursday’s Thanksgiving holiday, when U.S. markets will close. The markets will reopen for
U.S. livestock: CME live cattle set contract high on winter storms
Chicago | Reuters — U.S. live cattle futures reached a contract high on Wednesday on expectations that wintry weather would hamper the movement of cattle to slaughterhouses. Two winter storms blasted parts of the United States, after parts of Colorado got up to 30 inches of snow on Tuesday. The storms could disrupt transportation and
U.S. livestock: Hogs reach two-month low on increased slaughter
Chicago | Reuters –– U.S. lean hog futures touched a two-month low on Friday as meat packers slaughtered more pigs to profit from high margins. Pork processors killed an estimated 485,000 pigs, up 1,000 from a week earlier and 20,000 from a year ago, the U.S. Department of Agriculture said. They are projected to slaughter
U.S. grains: Soybeans up on increased optimism for trade deal
Chicago | Reuters — U.S. soybean futures crawled higher on Friday on increased optimism that the U.S. and China may soon strike a deal to ease their trade war. Sentiments improved about the prospects for an agreement after White House economic adviser Larry Kudlow said on Thursday evening that the two sides were “getting close”
U.S. grains: Soybeans set one-month low on trade doubts
Chicago | Reuters — U.S. soybean futures dropped to a one-month low on Thursday as doubts over the chances for the U.S. and China to reach a trade deal soon hung over the market. Corn futures inched up, while wheat slumped. Price movements were limited by uncertainty over progress in talks between Washington and Beijing
U.S. livestock: Hogs reach two-month low
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
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,
U.S. grains: Soybeans sag on diminishing hopes for China deal
Chicago | Reuters — U.S. soybean futures slipped on Wednesday on diminishing hopes for a deal to ease the trade war with China that has slowed exports of U.S. agricultural products. The market turned lower after a report that trade negotiations “hit a snag” over farm purchases. U.S. President Donald Trump on Tuesday dangled the
U.S. grains: Wheat futures rally as U.S. cold snap threatens crops
Chicago | Reuters – U.S. wheat futures jumped on Tuesday as traders worried a cold snap would hurt recently planted crops. Temperatures dropped near zero Fahrenheit (-18 Celsius) in wheat-growing areas of the U.S. Plains, including in western Kansas, according to a daily weather report from the U.S. Department of Agriculture. A separate weekly USDA report,
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