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CME July 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs lower on China trade worries

CME live cattle close lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell Monday on worries that deteriorating relations between the United States and China, the world’s biggest pork importer, could inhibit U.S. pork sales to the Asian nation, traders said. China told state-owned firms to halt purchases of soybeans and pork from the United States,
CBOT July 2020 soybeans with 20- and 50-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans end fractionally lower amid China trade woes

Corn pulls back on fair weather; wheat slips as U.S. harvest gets underway

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Chicago | Reuters — U.S. soybean futures closed fractionally lower after a choppy session on Monday as brokers weighed pressure from rising U.S.-China trade tensions against news of fresh U.S. soybean sales to the Asian country, traders said. Corn fell on an above-average planting pace and fair weather forecasts across the Midwest that should support
(Gassen/iStock/Getty Images)
Markets

China tells state firms to halt purchases of major U.S. farm products

Purchases of soybeans, pork, corn, cotton on hold

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Beijing/Singapore | Reuters –– China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large-volume state purchases of U.S. corn and cotton have also been put on hold,
U.S. Agriculture Secretary Sonny Perdue holds a U.S. flag-themed face mask while speaking about the U.S. food supply chain as President Donald Trump listens during a COVID-19 pandemic response event at the White House on May 19, 2020. (Photo: Reuters/Leah Millis)
Beef cattle, Livestock, Markets

President’s cattle call finds expected marks in U.S.

Trump suggests killing trade pacts with unnamed cattle-exporting nations

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U.S. President Donald Trump’s remarks Tuesday about imports of live cattle into the United States resonated predictably among that country’s various cattle producer groups. At a White House event Tuesday, flanked by U.S. farm and ranch leaders and Agriculture Secretary Sonny Perdue for a multi-billion-dollar COVID-19-related farm aid announcement, Trump said he “read yesterday where
CME July 2020 lean hogs with 20-, 50- and 100-day moving average. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures fall

Live cattle futures firm while slaughter numbers rise

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Chicago | Reuters — U.S. hog futures fell on Tuesday, pressured by an increase in daily slaughter totals as pork plants come back online, traders said. CME live cattle futures firmed despite rising kill numbers, with the most-actively traded contract passing through a key technical benchmark. The nearby CME June live cattle futures contract settled
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Trump floats halt to U.S. cattle imports as pandemic hurts ranchers

'We have a lot of cattle in this country'

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Washington/Chicago | Reuters — U.S. President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak. The United States imports cattle from Mexico and Canada to supplement domestic supplies at lower prices and to
(Gassen/iStock/Getty Images)
Crops, Markets

China yet to resume all canola imports from Canada, officials say

No correction measures yet shown, Chinese foreign ministry says

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Beijing | Reuters — China has yet to resume all canola imports from Canada, the foreign ministry said on Friday, after suspensions were imposed on some suppliers last year. Canola imports from some Canadian exporters were suspended by China because of quality reports and it has not received any correction measures, so imports have not

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