U.S. livestock: Cattle futures mixed, hogs firm

U.S. livestock: Cattle futures mixed, hogs firm

Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures were mixed on Wednesday, with deferred months mostly higher on bargain buying after hitting multiyear lows on Tuesday. But nearby live cattle contracts continued to weaken. The front-month contract hit its lowest level since October 2016 on expectations that the shutdown of a major beef




U.S. livestock: Lean hogs end mixed as trade gauges trade war impact

U.S. livestock: Lean hogs end mixed as trade gauges trade war impact

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mixed on Friday in choppy trading as investors weighed rising pork prices against weak cash hog values and rising concerns about pork exports to China. Spread trading steered some contracts up sharply while others, including actively traded October and December futures, retreated. “Spreads


U.S. livestock: Lean hogs rally for second day

U.S. livestock: Lean hogs rally for second day

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures posted strong gains for a second consecutive session Thursday, lifted by short-covering and technical buying following the market’s recent drop. Rising pork prices and solid pork exports supported the market, largely diluting concerns over U.S. trade tensions with China, the world’s top hog and



CME October 2019 lean hogs (candlesticks) and October live cattle (line). (Barchart)

U.S. livestock: Hog futures swing wildly as trade war intensifies

Chicago | Reuters — Chicago Mercantile Exchange (CME) livestock futures swung wildly on Monday, with the most-active October lean hog futures going nearly limit-up and -down in the same trading session, amid growing tensions in the U.S.-China trade war. China’s commerce ministry said that Chinese companies have stopped buying U.S. agricultural products, and that China

Photo: Canada Beef Inc.

Klassen: Feeder cattle markets remain firm

Western Canadian feeder cattle prices were unchanged from seven days earlier. Strong buying interest was noted from finishing feedlots in Alberta. Orders flowed across the prairies keeping prices relatively even. U.S. feeder cattle markets traded $3 to as much as $8 higher in the Northern Plains which also underpinned prices in Saskatchewan and Manitoba. There