Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly lower on Tuesday on profit-taking after a two-session advance, softer cash cattle prices and weaker wholesale beef prices, traders said. CME February live cattle settled down 0.55 cent at 138.3 cents/lb. but stayed inside of Monday’s trading range (all figures US$). For feeder […] Read more
U.S. livestock: Cattle futures sag on weaker cash markets
CME lean hogs decline
U.S. livestock: Cattle up off three-week low in technical bounce
Hogs ease
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, bouncing off a three-week low on technical buying, analysts said. CME February live cattle settled up 0.775 cent at 138.85 cents/lb., rebounding after a dip to 136.85 cents, just below the contract’s 40-day moving average and its lowest since Nov. 18. […] Read more
U.S. packer profit margins jumped 300 per cent during pandemic, economists say
Increased costs don't explain higher profits, White House advisors say
Washington | Reuters — Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. Financial statements of the meat-processing companies — which control 55 to […] Read more
U.S. livestock: Hog futures extend rebound off 10-month low
Bargain buying supports cattle
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Friday, extending gains made a day earlier when the market rebounded from a 10-month low. The gains accelerated as prices surged through key resistance points, and the market closed near session highs. CME February lean hogs settled up 3.2 cents at 81.025 cents/lb. […] Read more
U.S. livestock: Hog futures climb with pork prices
Hog slaughter seen accelerating; beef export picture drags on cattle
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded on Thursday from four sessions of losses, amid an accelerating slaughter pace and indications that pork prices may be near a bottom following a prolonged slide, traders said. The daily hog slaughter was slower-than-normal earlier this week, which some analysts said may be a […] Read more
U.S. livestock: Cattle futures fall on weak cash markets
Hog futures down for fourth day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Wednesday, pressured by technical selling and signs of weakness in the cash markets, traders said. Hog futures were lower for the fourth day in a row, with the front-month contract sinking to its lowest in 10 months on weak export prospects and a […] Read more
U.S. livestock: Hog and cattle futures fall
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the third day in a row on Tuesday, hitting their lowest in more than a month. Cattle futures also were weaker, with weak profit margins weighing on the market. CME February lean hogs settled 1.675 cents lower at 76.55 cents/lb. (all figures US$). The […] Read more
U.S. livestock: Hog futures fall on concerns over supply glut
February live cattle up slightly
Chicago | Reuters — Chicago Mercantile Exchange hog futures plunged four per cent on Monday, hitting their lowest level in nearly a month, as robust supplies threatened profits even as pork prices edged off their recent lows, traders said. Pork processors earned $22.90 per hog, down from $46.25 per hog on Friday and $43.20 a […] Read more
Ambassador to China to leave post after helping free detainees
Canola, 5G access, other issues remain
Ottawa | Reuters –– Canada’s ambassador to China said on Monday he would soon leave his post after a two-year assignment where he helped secure the freedom of two Canadian detainees despite icy relations between Beijing and Ottawa. Dominic Barton’s departure, which will take effect Dec. 31, leaves a crucial diplomatic post open at a […] Read more
U.S. livestock: CME cattle, hogs end down on profit-taking
Futures decline despite higher beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle, feeder cattle and hog futures ended lower on Friday as profit-taking hit the livestock markets ahead of the weekend, traders said. Live cattle futures consolidated after setting contract highs this week, traders said. Most-active CME February live cattle finished 0.625 cent lower at 138.95 cents/lb. (all […] Read more
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