Chicago | Reuters — Chicago Mercantile Exchange hog futures marked a new high for a third straight session as tight supplies continued to drive up prices for market-ready hogs, traders said on Monday. Packers are finding it hard to buy hogs as the deadly porcine epidemic diarrhea virus (PEDv) reduces the number of available animals […] Read more
U.S. livestock: Cash prices again spike CME hogs to new high
U.S. livestock: CME live cattle futures rise with cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Friday, boosted by short-covering following better-than-expected prices for market-ready or cash cattle, traders said. “Futures played catch up with cash prices after packers built up enough margin to push for supplies this week. Folks are watching the cutout to see if it runs […] Read more
U.S. livestock: CME hogs hit new high on supply fears, PEDv
Chicago | Reuters –– Chicago Mercantile Exchange hog futures on Thursday hit a new high, with April closing up the three-cent limit, as prices for slaughter-ready hogs climbed fueled by tight supplies in part pegged to a deadly pig virus, traders said. The porcine epidemic diarrhea virus (PEDv), which is fatal to piglets has been […] Read more
U.S. livestock: Live cattle futures rise on hopes for cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose on Wednesday, driven by anticipation of higher cash prices this week, traders said. For now, there is more confidence in better prices for cash cattle given record-high beef values and positive packer margins, said R.J. O’Brien floor manager Jim Brooks. Cash cattle bids in Texas […] Read more
U.S. livestock: CME hogs peak at new high in volatile action
Chicago | Reuters –– Chicago Mercantile Exchange hog futures on Tuesday reached a new high for a second straight session as buying pegged to a deadly pig virus offset profit-taking, traders said. The porcine epidemic diarrhea virus sweeping across U.S. hog farms is already hurting production in parts of the Midwest. The virus is expected […] Read more
U.S. livestock: Pig virus, supply fears lift CME hogs to new highs
Chicago | Reuters — Chicago Mercantile Exchange hog futures marked a new high on Monday, with some trading months up by their three-cent price limit, led by record-high wholesale pork prices in anticipation of tight supplies pegged to the deadly U.S. pig virus, traders and analysts said. Analysts estimated that at least four million piglets […] Read more
PEDv-related supply woes drive U.S. hogs up 6.5 per cent
Chicago | Reuters — Hog futures at the Chicago Mercantile Exchange surged 6.5 per cent this week on tightening U.S. supplies as a deadly pig virus sweeps the country, traders and industry sources said on Friday. CME lean hog futures finished the week at 113.75 cents per pound, down from a record high of 114.675 […] Read more
U.S. livestock: CME live cattle, hog futures settle mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished mixed on Monday as investors bought the February contract and sold deferred months as they priced in last week’s cash returns, traders said. February live cattle closed up 0.3 cent per pound at 141.5 cents and April ended down 0.225 cent at 140.175 cents […] Read more
U.S. livestock: Cash price jitters rattle hog futures
Chicago | Reuters — Chicago Mercantile Exchange hog futures retreated on Monday, led by profit-taking in anticipation of weaker cash prices in the near term, traders and analysts said. The morning’s average cash hog price in the eastern Midwest dropped $1.14 per hundredweight (cwt) to $78.71, according to U.S. Department of Agriculture data (all figures […] Read more
U.S. livestock: CME live cattle futures drop as beef prices plunge
Hog futures mostly up on speculative buying Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted modest losses on Friday, but were up from session lows, dragged by retreating wholesale beef prices, traders and analysts said. The afternoon’s wholesale choice beef price, or cutout, was $223.49 per hundredweight (cwt), $7.26 lower than on Thursday, […] Read more
Cyber-Savvy Farmer
