Hog futures are nearing a one-year high, trading Friday for over 80 cents per pound. Prices are exploding as short-term supplies run low as meatpackers buy hogs ahead of the grilling season and Father’s Day….
Livestock
Cattle Market Churns
Cattle prices exploded to a two-month high on Thursday morning as investors stampeded into the market. Cattle rose consistently for almost two weeks as buyers saw cheap values and grew worried that a winter storm…
NAFTA Changes Loom over Markets
Markets were rattled this week after news broke that Canada expected President Trump to pull out of the North American Free Trade Agreement (NAFTA). The deal, which has been in place since 1994, lowered trade…
Record American Meat Consumption
Americans’ love of meat is expected to hit a new high, according to a projection from the USDA. The government agency expects Americans to consume an average of 222 pounds of red meat and poultry…