Reading Time: 4 minutes Glacier FarmMedia – Canada’s pork industry says California’s attempts to impose animal care orders on out-of-state farmers aren’t allowed under trade regulations, but there’s little clarity on which rules that would break. “It’s not permitted to create non-tariff trade barriers … this clearly has done that,” said Stephen Heckbert, executive director of the Canadian Pork […] Read more
The murky future of Prop 12 trade impacts
Can California really force the pork industry in other jurisdictions to play by its rules?
U.S. livestock: CME hog futures hit contract lows
Cattle futures also sag
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell to life-of-contract lows on Friday and cattle futures also retreated, pressured by technical selling and worries that a slowing global economy could hurt demand for meat, traders said. Hog futures fell the most, with the benchmark December contract settling down two cents, […] Read more
U.S. livestock: CME cattle sag on packer margins, beef export sales
December lean hogs turn slightly lower
Chicago | Reuters — Live cattle futures eased and feeder cattle tumbled to June lows at the Chicago Mercantile Exchange on Thursday as poor margins for U.S. beef processors limited demand for livestock, brokers said. A marketing-year low in weekly U.S. beef export sales also hung over the market. Meat companies are grappling with tight […] Read more
U.S. livestock: CME cattle futures mixed as packer margins stay in red
December lean hogs up off Tuesday's contract low; deferred months lower
Chicago | Reuters — Chicago Mercantile Exchange cattle futures were mixed on Wednesday, as beef packer margins stayed in the red and cash cattle prices were expected to be steady to higher, traders said. Hog futures were also mixed on the day. February and May lean hog futures dipped to new contract lows on sluggish […] Read more
U.S. livestock: CME cattle futures rise on supply concerns
Chicago lean hogs slump
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid ongoing concern over animal weights shrinking and a steady stream of heifers being sent to slaughter, traders said. Rising cash cattle prices also gave the beef market a boost on the day, traders said. The U.S. Department of Agriculture said meat processors […] Read more
Fake meat is mostly a fake-out for now
Meat alternative companies have made big boasts, but the numbers are on the side of real animal products
Reading Time: 2 minutes Beyond Meat, Inc. has had almost 15 years to build a product lineup that is, as its name claims, beyond meat. By some business metrics, it has. The company, whose market capitalization was pegged at US$1.3 billion when it went public in 2018, recently reported April-to-June 2023 sales of $102 million. That sounds like a […] Read more
U.S. livestock: CME hog, cattle futures decline
Pigs seen bulking up on new-crop corn
Chicago | Reuters — Chicago Mercantile Exchange livestock markets weakened on Monday, with lean hog futures nearing their lowest price in more than four months. Concerns about lacklustre demand for U.S. pork continued to hang over the market, analysts said. Seasonally, hog futures also tend to decline around this time of year as pigs fatten […] Read more
U.S. livestock: Cattle retreat as energy rally dents beef demand outlook
Lean hog futures mostly also lower
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday as traders banked profits and squared positions ahead of the weekend as geopolitical turmoil riled energy markets and stoked concerns about beef demand. Crude oil rallied more than five per cent on Friday on the escalating Middle East conflict as the Israeli military […] Read more
U.S. livestock: CME cattle, hogs rise on technical buying
USDA supply data seen as priced into market
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Thursday as technical buyers stepped into the market after prices weakened earlier in the session. Traders said the massive supplies reported by the U.S. Agriculture Department have been priced in and speculators were likely to buy any dip in the market at current levels. […] Read more
U.S. livestock: Chicago cattle turn higher
CME lean hogs mostly lower
Chicago Mercantile Exchange (CME) cattle futures turned solidly higher Wednesday while lean hogs mostly continued lower. Most-active December live cattle closed 1.975 cents higher Wednesday at 186.975 cents/lb., erasing two days’ losses, but not before touching a one-month low of 184.25 (all figures US$). Both front-month October 2023 and February 2024 turned 1.925 cents higher, […] Read more
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