Chicago | Reuters — U.S. live cattle futures roared to new contract highs on Friday, supported by worries about cold weather limiting weight gain in herds. Most-active April cattle touched a contract high of 130.45 cents/lb., topping its previous high of 130.1 on Wednesday (all figures US$). June cattle also touched a high for the […] Read more
U.S. livestock: Cold weather pushes cattle futures to new highs
U.S. livestock: Cattle end mixed, June sets new high
Chicago | Reuters –– U.S. live cattle futures finished mixed after touching a new contract high on Thursday, as concerns about cold weather tightening supplies underpinned prices. Forecasts for more cold, snowy weather in the middle of the country kept traders on edge after recent storms slowed transportation and weight gain in herds. Cattle typically […] Read more
U.S. livestock: Cattle futures reach new contract highs again
Chicago | Reuters — U.S. live cattle futures notched new contract highs for the third consecutive session on Wednesday before the rally fizzled out. Traders were searching for fresh news to push up prices after factoring in concerns about cold weather and snow in the central U.S. slowing weight gain in herds and disrupting shipments […] Read more
U.S. livestock: Cattle set contract highs on winter weather
Chicago | Reuters — U.S. live cattle futures jumped to contract highs on Tuesday as traders worried about snow and cold temperatures slowing shipments of livestock to processing plants. Lean hog futures also rose in a turnaround from a slide to contract lows last week. Traders focused on the wintry weather as forecasters predicted more […] Read more
U.S. livestock: Hogs sag on large supply, shrug off trade talks
Chicago | Reuters — U.S. hog futures slumped on Monday as concerns about mounting supplies overshadowed hopes that Washington and Beijing will resolve the trade war that has reduced shipments of U.S. pork to China. U.S. President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to […] Read more
U.S. livestock: Cattle set one-year high on weather, supply concerns
Chicago | Reuters — U.S. cattle futures reached a one-year high on Friday on concerns that cold, snowy weather next week may tighten supplies by slowing weight gain and transportation of livestock. Snowfall is expected to increase across the U.S. Plains, where the temperature outlook also is trending colder, according to weather forecaster Radiant Solutions. […] Read more
U.S. livestock: Hogs recover on hopes for China trade talks
Chicago | Reuters — U.S. hog futures jumped on Thursday on increased optimism about the potential for progress in trade talks between Washington and Beijing. The top U.S. and Chinese trade negotiators resumed high-level negotiations to hash out a deal that could end their trade war, just over a week before a U.S.-imposed deadline to […] Read more
U.S. livestock: Hogs slide to four-month low on burdensome supply
Chicago | Reuters — U.S. hog futures dropped to their lowest prices in four months on Wednesday under pressure from large supplies and low pork prices. Farmers have ramped up hog production due to low prices for grains used for feed and as processing companies have built new plants to slaughter swine in recent years. […] Read more
U.S. livestock: Cattle futures jump on snowstorm
Chicago | Reuters — U.S. cattle futures approached a one-year high on Tuesday on concerns that wintry weather in the middle of the country will temporarily tighten supplies. Snow in states such as Kansas, Nebraska and Iowa this week is expected to slow the transportation of cattle to processing plants run by companies such as […] Read more
U.S. livestock: Hogs rise on hopes for China trade talks
Chicago | Reuters — Hopes for progress in talks to resolve the U.S.-China trade war lifted Chicago Mercantile Exchange lean hog futures on Friday, traders said. Wall Street and commodities advanced after Bloomberg, citing people familiar with the matter, reported that China offered to go on a six-year buying spree to ramp up imports from […] Read more
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