Cattle at the Chicago Mercantile Exchange continued their upward march on Thursday after Wednesday’s jump, while lean hogs were mixed.
Pigs
U.S. livestock: Cattle continue upward march
Analysts believe American tariffs are inevitable
Cattle producers less vulnerable for now than feeders, hog producers analysts say
Canada’s livestock sectors have been anxious about the prospect of tariffs since Donald Trump won the American election in November. Dennis Laycraft, executive vice-president at the Canadian Cattle Association, said without knowing exactly what is coming, the organization could analyze the threatened tariffs only so much.
U.S. livestock: Cattle futures surge as funds take huge net long position
Chicago Mercantile Exchange live and feeder cattle futures climbed to life of contract highs on Wednesday, as funds took a massive net long position, analysts said.
U.S. livestock: Cattle futures mixed, lean hogs dip
Chicago Mercantile Exchange cattle futures were mixed as trade resumed following the U.S. long weekend. Most active April live cattle futures closed with small losses, reaching 197.325 cents per pound, down 0.175 cents. February live cattle gained 0.300 cents to close at 197.050 cents per pound.
Smithfield Foods targets up to $10.7 billion valuation in US IPO
Smithfield Foods is targeting a valuation of up to $10.73 billion (C$15.41 billion) in its U.S. initial public offering, the packing giant said on Tuesday, moving closer to its much-anticipated stock market return in the country after more than a decade.
U.S. livestock: Lean hogs continue losses; cattle futures mixed
Chicago Mercantile Exchange lean hog futures closed lower on Friday, continuing a streak of losses. Most active April lean hogs settled at 88.325 cents a pound, down 2.225 cents. February lean hogs closed at 81.123 cents a pound, down 1.175 cents.
China 2024 pork output falls for first time in four years
China's pork production in 2024 fell for the first time after rising for three years straight, official data showed on Friday, as livestock companies reduced slaughter rates due to ample hog supply and weak meat demand.
U.S. livestock: Cattle futures fall with grains
Live and feeder cattle futures on the Chicago Mercantile Exchange were weaker on Thursday, as losses in the grains and oilseeds spilled into the livestock markets.
U.S. livestock: Cattle futures boosted by strong beef prices
Live and feeder cattle futures on the Chicago Mercantile Exchange were stronger Wednesday, as rising beef prices underpinned the markets.
U.S. livestock: Live cattle steady to lower; feeders, hogs climb
Live cattle futures were steady to lower on Tuesday, backing away from record highs as speculative profit-taking weighed on prices.
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