Chicago | Reuters — Chicago Mercantile Exchange live cattle futures strengthened on Wednesday as tight U.S. supplies continued to support the market, analysts said. Feeder cattle futures also advanced, while lean hog futures declined. The live cattle market is largely trading sideways in the most-active contract this week after finishing with strong gains on Friday, […] Read more
U.S. livestock: Cattle up on U.S. supply worries
CME lean hog futures sag
U.S. livestock: CME cattle steady to weak
Hogs mixed with demand in focus
Chicago | Reuters — Chicago Mercantile Exchange cattle futures were steady to weak, while hog futures were mixed on Tuesday, with the market pressured by demand concerns as the end of grilling season nears, traders said. August live cattle futures ended unchanged at 179.7 cents/lb. (all figures US$). Most-active October live cattle fell 0.525 cent, […] Read more
Anti-ASF funds designated for Manitoba Pork
Three initiatives will be funded through the federal African swine fever preparedness program
The Manitoba Pork Council’s efforts against African swine fever now have almost $1 million in extra financial padding. On Aug. 3, Agriculture and Agri-Food Canada announced $944,340 in funding for Manitoba’s hog farm group. Funds were provided through AAFC’s African Swine Fever Industry Preparedness Program and were slotted for three initiatives: Squeal on Pigs, increased […] Read more
B.C. longshore workers ratify new deal
Minister pledges review of 'how disruption on this scale unfolded'
Longshore workers at British Columbia’s seaports have voted to accept the terms of a new four-year labour deal, ending five weeks of labour outages at Canada’s West Coast. Negotiators with the B.C. Maritime Employers Association (BCMEA) and International Labour and Warehouse Union (ILWU Canada), working with the Canada Industrial Relations Board (CIRB), reached a new […] Read more
U.S. livestock: CME lean hogs decline; cattle inches higher
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell on Thursday, pressured by declining demand and expectations of greater supplies of market-ready hogs heading into the fall, analysts said. “You had a cutout that took a big step back yesterday. You had export numbers that weren’t especially supportive this morning, and the fact […] Read more
U.S. livestock: CME live cattle ease despite cash market support
Despite losses, supportive fundamentals remain for live cattle
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Wednesday, pressured by macroeconomic weight as a downgrade that stripped the U.S. of its top credit rating rippled throughout markets, analysts said. Despite losses, supportive fundamentals remain for live cattle. “We’re still going into smaller numbers,” said Joe Kooima, commodity broker at Kooima […] Read more
U.S. livestock: CME live cattle firms on strong cash market
Lean hog futures eased after reaching fresh four-month highs
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures gained on Tuesday, helped by strong cash prices and technical support, analysts said. “Cash market is still hanging in there at $179 to $180 area. More than that in the north. So August was too big of a discount,” said Alan Brugler, president of Brugler […] Read more
U.S. livestock: Live cattle futures mixed; feeders boosted as corn slumps
Chicago | Reuters – Feeder cattle futures on the Chicago Mercantile Exchange Group (CME) ticked up again on Thursday, bolstered by continued weakness in corn futures Cv1, while live cattle futures were mixed on somewhat sluggish cash sales, analysts said. The U.S. Agriculture Department said on Thursday morning that export sales of beef rose to 21,400 […] Read more
U.S. livestock: Live cattle futures extend profit-taking slide
Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange Group fell on Tuesday for a fourth session on profit-taking after last week’s contract highs, and a month-long slide in wholesale beef prices that erased meat packers’ profit margins, analysts said. CME August live cattle futures LCQ3 settled Tuesday down 0.450 cent at 178.300 cents […] Read more
B.C. port strike under cease-and-desist order, for now
Union serves, then withdraws, fresh 72 hours' notice to resume picketing
Updated, July 19 — Canada’s Industrial Relations Board (CIRB) has ordered British Columbia’s longshoremen back to work until their union serves three days’ notice before restarting strike action. The International Longshore and Warehouse Union (ILWU Canada) — which represents about 7,400 workers at various Vancouver and Prince Rupert port terminals and facilities — said Tuesday […] Read more
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