Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mixed on Tuesday after investors adjusted positions before the U.S. Department of Agriculture’s (USDA) quarterly hog report on Thursday, said traders. Analysts polled by Reuters, on average, estimated the U.S. hog inventory as of March 1 at 72.902 million head or 3.1 per cent […] Read more
U.S. livestock: CME hogs end mixed on positioning before USDA report
China should target U.S. soybeans, former finance minister says
Beijing | Reuters –– The response by China’s commerce ministry to the latest U.S trade measures is too weak, and should target U.S. soybeans, former Chinese finance minister Lou Jiwei said on Saturday. The commerce ministry on Friday unveiled a plan to levy additional duties on up to US$3 billion of U.S. imports including fruit […] Read more
U.S. livestock: CME hogs slump again on cash prices, trade war threat
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs fell on Friday for a second straight day, hit by recent cash hog price weakness and mounting worries about a potential trade war between the U.S. and China, traders said. Beijing said Friday it was considering imposing an additional tariff on U.S. products including an extra […] Read more
U.S. livestock: Trade war risk slams CME hogs
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs hit a four-month low on Thursday as U.S. stocks plummeted amid fears of a potential trade war between the U.S. and China, said traders. On Thursday U.S. President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of imports from […] Read more
U.S. livestock: Cash prices extend CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle fell on Wednesday for a fifth straight session, weighed down by a burdensome supply outlook and cash prices that fell short of expectations, traders said. A few investors adjusted positions in advance of the U.S. Department of Agriculture’s (USDA) monthly Cattle on Feed report on Friday. […] Read more
Dreyfus posts profit rise in challenging market
Paris | Reuters — French commodities trader Louis Dreyfus reported a rise of almost four per cent in annual net profit on Wednesday buoyed by higher volumes but cautioned that industry challenges persist. Like its rivals, Dreyfus has faced lower margins linked to large inventories, low prices and reduced price volatility, prompting it to spin […] Read more
U.S. livestock: CME live cattle extend slide
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, extending their slide to four straight sessions on declining cash prices and expectations of rising cattle supplies in the next few months. Cash cattle traded lightly in Texas and Kansas, down $1 from last week’s trade, brokers said (all figures US$). “We […] Read more
U.S. livestock: CME live cattle hit two-month low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday for a third straight session, pressured by fund-driven long liquidation and expectations of rising supplies ahead based on the U.S. Department of Agriculture’s most recent monthly cattle report, traders said. Declines on Wall Street added to bearish sentiment. The S+P and Nasdaq […] Read more
U.S. livestock: CME live cattle down again on supply growth outlook
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Friday slid for a second straight day, pressured by increased supply expectations, said traders. Some investors sold CME live cattle contracts despite Friday’s wholesale beef price uptick and futures’ discounts to this week’s cash returns. April live cattle closed 0.6 cent/lb. lower at 121.25 cents, […] Read more
U.S. livestock: Supply buildup fears undercut CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reversed Wednesday’s gains, weakened by fund liquidation and concerns about rising supplies, said traders. More cattle tend to come to market as warmer spring temperatures allow livestock to gain weight faster. And, the most recent U.S. government monthly cattle report implies increased cattle numbers […] Read more
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