(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Profit-taking, renewed trade fears drop CME hogs

Chicago | Reuters — Chicago Mercantile Exchange hog futures on Monday reversed Friday’s advances, hit by profit-taking and renewed concerns over U.S. exports following late last week’s contentious G-7 summit, said traders. Europe will implement counter-measures against U.S. tariffs on steel and aluminum just like Canada, German Chancellor Angela Merkel said on Sunday, voicing regret […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Surging cash prices, easing trade fears boost CME hogs

Chicago | Reuters –– Chicago Mercantile Exchange hog futures closed higher on Friday fueled by rising prices for market-ready, or cash, hogs and less concern about U.S. pork trade with Mexico, said traders. On Thursday the Mexican government said it would allow some U.S. pork into the country duty-free under an import quota despite retaliatory […] Read more


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: CME hogs mostly lower on profit-taking, trade worries

Chicago | Reuters — Most Chicago Mercantile Exchange hog contracts ended lower on Thursday after profit-taking and uneasiness over U.S. trade with Mexico pared some of Wednesday’s gains, said traders. On Tuesday Mexico’s economy minister said that country will import more pork from Europe after placing a 20 per cent duty on U.S. pork in […] Read more

Pork baby back ribs. (Grandriver/Getty Images)

U.S. livestock: Strong cash prices reverse CME hogs’ losses

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday closed up sharply, spurred by short-covering and escalating prices for slaughter-ready, or cash, hogs that reversed Tuesday’s market losses, said traders. On Tuesday, some CME hog contracts day fell more than two per cent after Mexico imposed tariffs on U.S. pork following Washington’s higher […] Read more






(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Bargain buying, short-covering lift CME hogs

Chicago | Reuters — Chicago Mercantile Exchange hog futures settled higher on Friday, with support from bargain buying and short-covering heading into the weekend, said traders. CME June hog futures led gainers after investors bought that contract and simultaneously sold deferred months in a trading strategy known as bull spreads, they said. June hogs closed […] Read more


(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

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle limit up on short-covering

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Wednesday settled up its three-cent-per-pound daily price limit, driven by short-covering and fund buying, traders said. They said CME live cattle garnered more support from higher wholesale beef values and future’s discount to early-week prices for market-ready, or cash, cattle. June and August live cattle […] Read more