Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Friday as the market retreated from contract highs hit this week. Profit-taking weighed on futures prices, though the market remains supported by strong demand for cattle from meatpackers, traders said. Packers such as Tyson Foods and JBS slaughtered an estimated 120,000 cattle on […] Read more
U.S. livestock: CME live cattle retreat on profit-taking
Hog futures lower despite rising cutout
U.S. livestock: CME live cattle lower, strong slaughter data supportive
Hogs also trade higher, end lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower despite finding new contract highs on Thursday, pressured by lower movement across the agricultural commodities late in the trading session, though tight cattle supplies underpin the market, traders said. “Demand in general still is in good shape. You’re going to have incrementally fewer […] Read more
U.S. livestock: CME live cattle, lean hogs set contract highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a contract high on Wednesday on firm cash prices and strong demand from packers, while lean hogs also set a new high, traders said. April live cattle ended 1.65 cents higher at 147.825 cents/lb. and set a high of 147.925 cents (all figures US$). […] Read more
U.S. livestock: CME hogs up as processors seek market-ready supply
Weaker corn futures support feeder cattle
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday, supported by cash prices as packers attempted to pull market-ready hogs forward to slaughter, analysts said. “Packers are clearly chasing hogs. The supply of butcher hogs is not enough to meet demand,” said Dennis Smith, commodity broker at Archer Financial. CME April […] Read more
U.S. livestock: CME lean hogs firm on tight hog supplies
Live cattle down off last week's gains
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Monday, supported by fewer market-ready hogs and diminished pork supplies, analysts said. “There just isn’t much extra pork laying around,” said Alan Brugler, president of Brugler Marketing. CME April lean hogs settled 1.2 cents higher at 101.275 cents/lb., notching a new life-of-contract high. […] Read more
Pork industry looks ahead from turbulent 2021
Pork prices expected to stay elevated in 2022
MarketsFarm — Labour shortages caused by the COVID-19 pandemic, high feed costs and lower prices posed constant threats to Canada’s hog industry in 2021. Nevertheless, pork appears to be in a good spot entering 2022, according to two analysts. “2021 was not the best, but not the worst,” said Tyler Fulton, director of risk management […] Read more
U.S. livestock: CME lean hogs up on tight supplies, good demand
April live cattle up, March feeder cattle lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday as tight hog supplies and strong demand fueled gains for the fifth time in six sessions. The market shrugged off negative technical signals following a lower close in actively traded April futures on Thursday after posting a contract high during the session. […] Read more
The end of pink ham? France to cut use of nitrite in cured meats
Paris | Reuters — France’s parliament has approved a bill that aims to gradually reduce the use of nitrite in cured meats and has ordered a review of the potential health risks by the end of June. Nitrite salts are widely used in cured meats such as ham, bacon and sausages, extend the shelf life […] Read more
U.S. livestock: CME hog, cattle futures end lower
Prices take pause off contract highs
Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures closed lower on Thursday, retreating as traders paused to book profits after the benchmark contracts in both markets climbed to life-of-contract highs. CME April lean hogs settled down 0.75 cent at 98.375 cents/lb., easing after notching a contract high at 101.25 cents (all figures […] Read more
Simple but effective device wins pork innovation award
Invention allows blood samples to be drawn from pigs safely and without undue stress to animals
Reading Time: 2 minutes Manitoba veterinarian Jewel White and two colleagues at a Maple Leaf Foods hog farm in Manitoba are the winners of this year’s F. X. Aherne Prize for Innovative Pork Production for creating something they call the “Backspacer Device.” The invention is simple but significantly improves animal care and worker safety in pork barns during blood […] Read more
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