Economist Dermot Hayes says U.S. producers have lost $2.2 billion on an annualized basis due to events leading up to and following China’s 25% punitive tariffs in retaliation for U.S. tariffs on aluminum and steel.
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Chicago Mercantile Exchange live cattle futures fell nearly 1 percent on Thursday, pressured by fears of lower trades in cash cattle markets and positioning ahead of a government supply report due on Friday.
It's no surprise that the U.S. pork industry wants to build on the export record set in 2017, says Craig Morris with the National Pork Board. To do that, the industry must be proactive, strategic and insightful.
Chicago Mercantile Exchange live cattle futures bounced on Thursday on technical buying and short-covering following three days of steep declines that had sliced prices by more than 5 percent, traders said.
Chicago Mercantile Exchange live cattle futures tumbled 2 percent or more on Monday, with the front-month June contract falling by its 3.000 cents per pound daily limit in a technical selloff, traders said.
Chicago Mercantile Exchange lean hog futures finished lower on Friday, hit by the "roll" by funds into deferred months and uneasiness over North American Free Trade Agreement (NAFTA) talks, said traders.