(Deyana Robova photo/iStock/Getty Images)

U.S. livestock: Profit-taking, trade war fears upend CME hogs

Chicago | Reuters — Chicago Mercantile Exchange hog futures closed lower on Thursday, rocked by profit-taking amid worries that pork could suffer from retaliatory tariffs against the U.S., traders said. June hogs closed 0.7 cents/lb. lower at 76.625 cents (all figures US$). July ended 2.075 cents lower at 78.05 cents. Mexico threatened to reciprocate with […] Read more







Illinois grain farmer Lucas Strom, shown here April 10 in unincorporated Kane County just west of Chicago, had planned to purchase a grain bin but changed his mind when the price increased after the announcement of steel tariffs by the Trump administration last month. (Photo: Reuters/P.J. Huffstutter)

Steel tariff shrapnel hits U.S. farmers

Kane County, Ill. | Reuters — Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new US$71,000 grain bin last month — after the seller raised the price five per cent in a day. The reason: steel prices jumped right after U.S. President Donald Trump announced tariffs. […] Read more