Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Thursday, as the market recovered from a decline to its lowest prices since February. Technical buying helped support prices, while concerns about waning U.S. pork exports continue to hang over the market, analysts said. The U.S. Department of Agriculture reported 2021 export sales […] Read more
U.S. livestock: CME lean hog futures rise from February low
December live cattle close lower
U.S. livestock: Nearby hogs up in rebound off six-month low
CME cattle futures slide
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher in nearby contract months on Wednesday, as the market rebounded from a drop to its lowest prices in more than six months. Most-active December hogs recovered after dropping 12.5 per cent since the start of the month on concerns about slowing U.S. pork […] Read more
U.S. livestock: CME hogs hit six-month lows
Chicago cattle futures rebound
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped to their lowest prices in more than six months on Tuesday, while cattle futures recovered a day after hitting June lows on concerns about a fire at a major Nebraska beef plant. The hog market extended recent losses under pressure from concerns about the […] Read more
U.S. livestock: CME cattle drop as fire closes JBS plant
Lean hogs extend slump
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell to their lowest prices since June on Monday on concerns that U.S. ranchers could temporarily lose a place to deliver their livestock for slaughter after a fire damaged a JBS USA beef plant. JBS, owned by Brazilian firm JBS SA, halted production at the plant […] Read more
Upgraded Olymel hog plant’s second shift begins
Ange-Gardien plant's slaughter pace to rise by up to 40 per cent
A promised second shift is now up and running at a major hog plant in Quebec’s Monteregie and is expected to eventually boost the plant’s weekly slaughter capacity by up to 40 per cent. Plans for a second shift at Olymel’s packing plant at Ange-Gardien, about 50 km east of Montreal, have been in the […] Read more
U.S. livestock: CME hog futures fall as pork demand softens
CME cattle down despite firmer cash trade
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the sixth consecutive day on Friday, pressured by lower pork demand coinciding with larger hog supplies, analysts said. The hog market also felt the effects of investment funds liquidating long positions, traders said. “We saw a fair amount of weakness. This market has been […] Read more
U.S. livestock: CME hogs hit lowest in more than six months
Cash market bearish on cattle futures
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the fifth day in a row on Thursday, with the front-month contract hitting its lowest since March 2 on a continuous basis. The hog market was under pressure from long liquidation by investment funds, traders said. Cattle futures were mixed, with live cattle edging […] Read more
U.S. livestock: CME cattle, hog futures fall
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures weakened Wednesday, with live cattle sagging to their lowest in three months on sluggish cash market activity, traders said. The hog market was pressured by concerns about demand in China, where high prices have slowed the consumption of pork. CME December live cattle settled […] Read more
U.S. livestock: CME live cattle touch three-month lows
Demand from packers softening
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slid to three-month lows on Tuesday, as beef demand slows, leaving cattle producers with ample supply as packer demand softens, traders said. “Packers are bought for a long ways out — have a lot of inventory,” said Scott Varilek, broker at Kooima Kooima Varilek Trading […] Read more
Slaughter resumes at Olymel hog plant
Return to usual pace expected 'in coming weeks'
Hog slaughter resumed Friday at a major Quebec pork plant that had sat idle for over four months, as striking employees now return to work with a new six-year contract. The Olymel plant at Vallee-Jonction, south of Quebec City, restarted daytime and evening hog slaughter shifts Friday after “maintenance and sanitation” work on Wednesday and […] Read more