Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell on Monday on profit taking following last week’s Hogs and Pigs report from the U.S. Department of Agriculture. “The overall fundamental is still tight numbers, tight supply created by disease, empty pen spaces, empty buildings,” said Brad Kooima, commodity broker at Kooima […] Read more
U.S. livestock: CME hogs, cattle fall on strong slaughter, profit-taking
Feeder cattle lower as corn rises
U.S. congressmen seek revival of mandatory COOL on beef
Bipartisan bill calls for WTO-compliant take on label law
A bill that would order U.S. officials to come up with a way to bring back mandatory country-of-origin labeling (COOL) on beef has been introduced in the U.S. House of Representatives. Rep. Lance Gooden, a Republican from Texas, and Rep. Ro Khanna, a Democrat from California, on Wednesday introduced H.R. 7291, proposing to restore the […] Read more
U.S. livestock: CME hogs, cattle ease on profit-taking
Rising corn values pressure feeder cattle
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell on Friday on follow-through technical selling one day after the benchmark June contract closed lower in a huge reversal from a life-of-contract high. CME benchmark June lean hogs settled down 0.175 cent at 120.40 cents/lb., retreating farther from the contract high set […] Read more
U.S. livestock: CME lean hogs retreat off contract highs
Corn's climb drags on cattle futures
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange closed lower on Thursday, shrugging off early support from a bullish U.S. government hog inventory report as traders appeared to focus instead on profit-taking at the end of the quarter and disappointing wholesale pork prices, traders said. CME benchmark June lean hogs settled […] Read more
U.S. livestock: CME hog futures end lower
USDA inventory data seen supportive
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange closed lower on Wednesday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s quarterly hog inventory report. However, traders said the government data, released after the close, was supportive for futures. USDA reported the U.S. hog herd as of March 1 […] Read more
It’s the Oscars of beef research
Reading Time: < 1 minute Know a great researcher who has helped move the cattle sector forward? The Beef Cattle Research Council is looking for nominations for the Canadian Beef Industry Award for Outstanding Research and Innovation. The award recognizes contributions in a host of areas such as animal health and welfare, environmental stewardship, feed efficiency, and forage production. Anyone […] Read more
U.S. livestock: CME cattle futures rise as grains fall
Hogs ease ahead of USDA data
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Tuesday with the benchmark June contract hitting a four-week top, led by a surge in feeder cattle futures and optimism about consumer demand for beef, traders said. CME June live cattle settled up 1.7 cents at 138.475 cents/lb. while May feeder […] Read more
Get out your calving season to-do list — and check it twice
Being well prepared not only saves headaches during calving but can prevent future problems
Reading Time: 3 minutes For the vast majority of you, calving is underway or will be shortly, so a quick review of a few points may lead to more live calves and minimizing disease problems. First, review your list of calving supplies and make sure you have extra on hand. You know what you have needed in the past, […] Read more
Klassen: Feeder market showing strength in deferred positions
Compared to last week, western Canadian yearling prices were $3-$5 lower on average while calves traded steady to $4 lower. Outside central Alberta, the steer-heifer spread appeared to widen by $2-$4. Strength in corn futures contributed to the defensive tone. Feedlot operators buying hand-to-mouth have been caught off guard with the recent jump in feed […] Read more
U.S. livestock: CME lean hogs climb on firm cash
Cattle futures end lower
Chicago | Reuters — Benchmark June lean hog futures on the Chicago Mercantile Exchange rose on Monday, setting a life-of-contract high on firm cash hog prices and expectations of tightening supplies. CME June hogs settled up 0.2 cent at 126.05 cents/lb., paring gains after reaching a contract top of 126.875 cents (all figures US$). The […] Read more
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