Chicago | Reuters — Chicago Mercantile Exchange hog futures rose three per cent on Monday, supported by rising demand as China moved to buy pork for its reserves to shore up the domestic market, traders said. China’s state planner said on Monday that central and local governments will start buying pork for state reserves to […] Read more
U.S. livestock: Hog futures rally as China buys pork
Cattle futures, beef cutout values lower
U.S. livestock: Hog futures firm on technical buying
Cattle futures up ahead of USDA placements report
Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed on Friday, supported by technical buying after sagging to their lowest in nearly three months on Thursday, traders said. CME August hog futures, the most actively traded contract, ended up 1.075 cents at 99.775 cents (all figures US$). The wholesale U.S. pork carcass cutout price […] Read more
U.S. livestock: July hogs limit-down to lowest since late March
August live cattle down, feeders up
Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled to their lowest in nearly three months on Thursday with rising supplies pressuring the market, traders said. CME July hogs settled down the 4.5-cent daily trading limit at 100.025 cents/lb. (all figures US$). That was the lowest for the front-month contract since March 29. Actively […] Read more
U.S. livestock: Hog futures fall as cash pork prices slide
Cattle futures, beef cutout values lower
Chicago | Reuters — U.S. lean hog futures fell sharply on Wednesday, with the front-month Chicago Mercantile Exchange contract sinking 2.8 per cent to its lowest in more than two months. Weakness in the cash market pressured hog futures, traders said. CME July hogs settled down three cents at 104.525 cents/lb., its lowest since April […] Read more
U.S. livestock: Hogs firm after five days of declines
CME August live cattle, feeder cattle up
Chicago | Reuters — U.S. lean hog futures firmed on Tuesday, with the front-month contract snapping a five-session losing streak on some mild bargain-buying and short-covering, traders said. But concerns about waning export demand for U.S. supplies from China and Mexico kept the gains in check and hog futures remained near two-month lows. Mexico blocked […] Read more
Klassen: Feeder market percolating higher
Weakness in feeder futures seen as temporary hiccup
Compared to last week, western Canadian yearling prices were $1-$4 higher on average; calves were steady to $2 higher. Limited volume of calves under 600 lbs. made the market hard to define; however, strong demand was surfacing across all weight categories. The weaker Canadian dollar, along with stronger live cattle futures, set a positive tone. […] Read more
U.S. livestock: Hogs drop on weaker pork, falling prices in China
Live cattle down with cash beef prices; feeder cattle up as corn eases
Chicago | Reuters — U.S. lean hog futures fell sharply on Monday, continuing a retreat from multi-year highs set earlier this month as cash pork prices dropped and worries increased about Chinese import demand for U.S. pork. Technical selling and profit-taking have sped the multi-session decline after the actively traded Chicago Mercantile Exchange August lean […] Read more
U.S. livestock: Live cattle up on bargain-buying
CME lean hogs mostly lower; feeder cattle down on corn's bounce
Chicago | Reuters — U.S. live cattle futures firmed on bargain-buying on Friday after a steep plunge a day earlier, with expectations of steady to higher cash cattle prices next week adding support, traders said. “The market is chopping around but it looks like it needs to go back to the upside to price in […] Read more
U.S. livestock: Hogs limit down for second consecutive day
CME August cattle end lower
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell by an exchange-imposed limit for a second consecutive session on Thursday as commodities declined broadly. Selling by index funds fueled losses in markets from hogs to cattle and corn, after the U.S. Federal Reserve signaled it might raise interest rates sooner than expected, […] Read more
Demand for on-farm slaughter licences soars after rule change
Consumers, and the pandemic, have been key factors with more than 170 licences issued
Reading Time: 5 minutes Demand for on-farm slaughter licences in Alberta has exploded since last summer when a rule change allowed consumers to buy individual animals and have them processed on the farm. “The day that the regulation changed, my phone just blew up, and it was largely our customers calling because they were so thrilled,” said Blake Hall […] Read more
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