Record exports and the opening of lots of new slaughter capacity has U.S. producers optimistic about the coming year, despite record production. However, hog demand and markets can turn on a dime.
Chicago Mercantile Exchange live cattle turned lower on Friday after profit-taking and fund liquidation gave back some of the market’s gains over the past two days, said traders.
Senior ministers from the three NAFTA countries are gathering in Washington amid growing signs of optimism that they could find common ground on the toughest issues.
Chicago Mercantile Exchange live cattle closed higher on Wednesday, after bargain buying reversed earlier losses following China’s proposed tariff increase on U.S. beef, said traders.
The Trump administration is hoping to pull off a quick win for the North American Free Trade Agreement by aiming for a provisional pact as early as next week. Here's why.
Chicago Mercantile Exchange hog futures tumbled to their lowest in 16 months on Monday, hit by news that China raised tariffs on U.S. pork by up to 25 percent.
Looking at hog sales in September 2018 using October 2018 futures the weaner breakeven was $30.37, down $0.04 for the week. Feed costs were up $1.29 per head.
The Trump administration is taking action with China on what President Trump says is “the largest deficient of any country in the history of the world” with an announcement of tariffs on steel and aluminum.
U.S. live cattle futures fell sharply on Thursday as a rally in the corn market sent feeder cattle tumbling and as weak cash cattle prices and rising supplies weighed on sentiment, traders said.
U.S. livestock futures were mostly higher on Wednesday, with both cattle and hogs recovering from recent lows on bargain buying and positioning ahead of government supply data, traders and analysts said.
Chicago Mercantile Exchange live cattle tumbled to a six-month low on Monday as a glut of animals at U.S. feedlots fueled concerns about plentiful beef supplies into the fall, traders said.
