Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures surged three per cent on Thursday, setting life-of-contract highs on firming cash hog markets and rising wholesale pork prices, traders said. CME April lean hog futures settled up 2.725 cents at 91.5 cents/lb. after recording a contract high at 91.7 cents (all figures US$). […] Read more
U.S. livestock: CME hogs hit contract highs, led by strong cash markets
Live cattle futures close mixed
U.S. livestock: CME hog futures higher, cattle end lower
Corn's setback supportive for cattle
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended higher on Wednesday, led by firming cash hog prices and rising wholesale pork prices, traders said. CME April lean hog futures ended up 0.425 cent at 88.775 cents/lb., inching closer to a contract high set on Feb. 25 at 90.675 cents (all figures […] Read more
U.S. livestock: Lean hogs climb as pork prices rise, slaughter pace slows
Cattle futures anticipate grilling season
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Tuesday for a second straight day, supported by rising wholesale pork prices and a smaller weekly kill than a year ago, traders said. CME April lean hog futures ended up 1.05 cents at 88.35 cents/lb., moving back up toward a life-of-contract high […] Read more
U.S. livestock: Cattle, hogs firm as U.S. stimulus plan fuels optimism
Relief bill expected to lift meat demand
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures firmed on Monday, recovering from a seven-week low hit last week, on optimism that the US$1.9 trillion COVID-19 relief bill will spur the U.S. economy and bolster demand for meat, traders said. CME April live cattle futures settled up 0.325 cent at 119.35 cents/lb., […] Read more
Alberta hog farmers to get set-aside via AgriRecovery
Producers get funds for feeding held-back market hogs
An AgriRecovery plan announced Friday is set to pay eligible Alberta farmers 95 cents per day per market-ready hog toward the animals’ upkeep during the shutdown of the province’s biggest hog slaughter plant. Olymel, the meat packing arm of Sollio Co-operative, reopened its plant at Red Deer this week after announcing Feb. 15 it would […] Read more
U.S. livestock: Hog futures take a breather
April live cattle up, but well down off highs
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures consolidated on Friday as the market caught its breath after pulling back from contract highs reached last week. Strong demand for U.S. pork from China recently supported hog futures, as China is battling the fatal pig disease African swine fever, which increased its need […] Read more
U.S. livestock: Pork export sales rise, profit-taking hits hog futures
Cattle futures down while beef exports up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Thursday as profit-taking overshadowed strong U.S. export demand, analysts said. The U.S. Department of Agriculture, in a weekly report, said weekly net U.S. pork export sales were 59,600 tonnes for 2021, up 68 per cent from the prior four-week average. Weekly export […] Read more
Olymel restarting hog slaughter at Red Deer
Work to resume at pork plant this week
Meat packer Olymel plans to restart slaughter operations Thursday at one of Canada’s largest hog plants following a major outbreak of COVID-19 among employees. Olymel, an arm of Sollio Co-operative, said late Wednesday it had recalled “employees that are needed to ensure that the gradual restarting of operations goes smoothly” at its Red Deer, Alta. […] Read more
U.S. livestock: Lean hogs up on new swine fever outbreak in China
April live cattle down, feeders up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Wednesday as China reported a new outbreak of a deadly pig disease, raising expectations that Chinese importers could increase U.S. purchases. China’s farm ministry confirmed African swine fever in piglets being illegally transported through Funing county in the southwestern province of Yunnan. The […] Read more
Some beleaguered hog farmers want production cuts
In another sign of distress, six growers asked Alberta Pork to lead efforts to cut production
Reading Time: 2 minutes Some hog producers are urging Alberta Pork to lead a charge to cut pig production in the province. The unusual request is the latest instalment in an ongoing effort to staunch the flow of red ink in the province’s hog sector. But leading an effort to cut production in a bid to win higher prices […] Read more
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