Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose sharply on Friday, as gains in outside markets bolstered optimism about the economy and consumer demand for beef and pork, traders said. Concerns that a late winter storm forecast for the U.S. Midwest this weekend could disrupt supply chains added support to livestock […] Read more
U.S. livestock: Cattle, hogs rally on strong outside markets
Weather forecast also supportive
U.S. livestock: Cattle, hogs ease on weak exports
Boxed beef prices seen firm
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures fell on Thursday, with signs of weakening export demand for beef and pork pressuring prices. Traders also said the cattle market was still ripe for profit taking even after falling on Wednesday. The U.S. Agriculture Department said on Thursday morning export sales of beef […] Read more
U.S. livestock: Cattle, hog futures drop but declines limited
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Wednesday, with profit taking noted as prices remained near multi-year highs hit during February. Strength in the cash market limited the declines. Hog futures also were weaker but the market remained underpinned by hopes that recent weakness in soybeans and corn will cut […] Read more
U.S. livestock: Cattle futures strong
Lean hog futures close mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended firm on Tuesday, with the front-month contract hitting its highest in more than eight years as tight supplies continued to underpin the market. Hog futures ended mixed. Expectations for strong cash prices for the next few months due to tight supplies supported cattle futures. […] Read more
U.S. livestock: Cattle futures dip on profit-taking
Chicago lean hog futures also fall
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday, with a mild round of profit-taking pulling prices from eight-year highs. But concerns about tight supplies limited the selling. Hog futures also were weaker, pressured by a government report that showed robust stocks of pork. Thinly traded February live cattle futures dipped […] Read more
U.S. livestock: CME live cattle consolidate after hitting new contract high
Chicago lean hogs end lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures consolidated on Friday after setting a string on contract highs recently, while lean hog futures eased. The cattle market looks ripe for a correction after futures rose this month on tightening U.S. supplies, brokers said. However, cattle inventories look even smaller than expected as ranchers […] Read more
Sollio books deeper loss for 2022
Olymel's fresh pork business takes biggest hit
Domestic and international market-moving events have dragged hard on the year-end bottom line for Sollio Cooperative Group, particularly in its fresh pork business. Quebec-based Sollio — which operates the ag input and farm service business Sollio Agriculture, meat packer Olymel and hardware retailer BMR — on Thursday reported full-year revenues of $8.876 billion for its […] Read more
U.S. livestock: CME cattle set high on Brazil halting beef exports to China
April hogs close lower, June up
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a contract high on Thursday amid hopes that Chinese importers will buy more U.S. beef after rival supplier Brazil suspended shipments to China, analysts said. Brazil said it would halt beef exports to China, the main destination for its overseas shipments, after confirming a […] Read more
U.S. livestock: CME hog futures sag as pork prices retreat
February live cattle up, April down
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed lower on Wednesday, retreating from six-week highs set a day earlier as wholesale pork prices backed down after spiking higher early in the week. Live cattle futures closed mixed, underpinned by surging beef prices. At the CME, April hogs settled down 2.55 cents at […] Read more
U.S. livestock: Cattle, hog futures climb
Chicago Mercantile Exchange (CME) cattle and hog futures came out of their U.S. Presidents Day break trading higher, with front-month live cattle posting eight-year highs. CME February 2023 live cattle touched 164.975 cents/lb. in Tuesday’s trade before closing at 164.75 cents, up 1.175 cents from Friday’s close and the highest close for the front-month contract […] Read more
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