Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Friday, with most contracts setting new highs as strong prices for pork and concerns about supplies underpinned the market. Most-active June lean hog futures jumped 3.775 cents to finish at 125.85 cents/lb., closing above the high end of its 20-day Bollinger range after facing […] Read more
U.S. livestock: Hogs set new contract highs with supplies in focus
USDA shows more cattle on feed
U.S. livestock: Hog futures ease after hitting contract highs
Chicago cattle futures firm
Chicago | Reuters — Chicago Mercantile Exchange hog futures were mostly lower on Thursday as traders locked in profits after many contracts rallied to fresh highs on Wednesday. Weak exports of pork added pressure to the hog market. Most-active June lean hog futures eased 0.9 cent to finish at 122.075 cents/lb. (all figures US$). The […] Read more
U.S. livestock: CME hogs rally on pork price, cash market strength
Cattle futures also up on day
Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Wednesday, with the most-active June contract jumping 2.4 per cent and hitting an all-time high, supported by rising pork prices and strength in the cash market. CME April lean hog futures rose 2.3 cents to end at 102.55 cents/lb. (all figures US$). Most-active June […] Read more
U.S. livestock: CME hog futures mixed
CBOT cattle futures weak
Chicago | Reuters — Chicago Mercantile Exchange hog futures were mixed on Tuesday, with deferred contracts firming on expectations that supplies will remain tight until the summer, traders said. The front-month hog contract eased on follow-through selling after hitting technical resistance and closing well below its peak on Monday. Cattle futures also were weaker, pressured […] Read more
Alberta Beef Producers announces new board
Reading Time: < 1 minute Melanie Wowk and Jason Hale are continuing as chair and vice-chair of Alberta Beef Producers but there are a mix of new faces and returning ones on the organization’s board of directors. The board was slimmed down last year to 12 directors (from 16 previously) after the number of zones was reduced to five (from […] Read more
Klassen: Deferred live cattle futures underpin feeder cattle prices
Compared to last week, western Canadian feeder cattle markets traded $2-$4 on either side of unchanged. Major feedlot operations in Alberta continue to carry large numbers of market-ready cattle. The backlog of fed cattle appears to be worse than earlier anticipated. Yearlings were featured at auction barns in the main feeding regions of Alberta. Feedlot […] Read more
Ag industry groups seek legislated end to CP stoppage
Feed, fertilizer traffic already way behind, groups say
Warning they don’t have time to wait on negotiation, representatives for cattle feeders, fertilizer producers and grain growers took to Parliament Hill on Monday to press for the federal government to instead legislate Canadian Pacific Railway’s engineers and conductors back to work. Traffic halted on CP lines just after midnight ET Sunday morning as the […] Read more
U.S. livestock: CME cattle fall, hogs firm
Supply level cause for 'a little bit of concern'
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Monday as traders took positions ahead of a U.S. government report later this week that was expected to show burgeoning supplies. “There is a little bit of concern about excess supplies and large finishing weights,” said Rich Nelson, chief strategist with Allendale Inc. Hog […] Read more
An open road ahead? Feds offer cash for fertilizer stewardship
Farmers could get up to $75,000 to move to rotational grazing, cover cropping or 4R stewardship
Reading Time: 5 minutes Upping your management game just got a lot more attractive. Producers willing to adopt rotational grazing, 4R fertilizer stewardship or cover crops will be able to get as much as $75,000 per farm from Ottawa’s On-Farm Climate Action Fund. [Read more] Feds seek ideas and feedback on reducing fertilizer emissions “The objective of the program […] Read more
U.S. livestock: CME cattle rise on weaker feed values
Lean hog futures slip
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Friday as nearby grain futures slumped, even as the cash trade continued to be disappointing and investors kept a close eye on diplomatic efforts to end Russia’s invasion of Ukraine, traders said. CME cattle futures were also supported as retail demand for beef perked […] Read more
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