There is no end in sight for a nine-month losing streak in which producers lost more than $30 per hog
Reading Time: 2 minutes Reuters / U.S. hog producers are losing hope for an early harvest of this year’s expected bumper corn crop, which could lower feed costs sooner rather than later, as wet fields continue to impede planting in parts of the Midwest, said producers and analysts at a pork industry meeting here June 7. “It’s been a […] Read moreWet cornfields dampen U.S. hog farmers’ hopes for cheap feed
U.S. hog futures slide with pork prices
Chicago Mercantile Exchange hog futures on Tuesday slid for a third straight session as lower wholesale pork values stirred profit taking, traders and analysts said. The U.S. Department of Agriculture’s Tuesday evening mandatory wholesale pork price, or cutout, was $106.91 per hundredweight (cwt), $1.50 lower than Monday (all figures US$). The cutout was largely pressured […] Read more
U.S. hog herd holds steady, pigs per litter set record
The U.S. hog herd in the latest quarter was mostly steady with a year earlier, a U.S. government report showed on Friday, and down slightly from trade forecasts. However, producers had a record number of pigs per litter during the period at 10.31, up about two per cent from a year earlier. USDA showed the […] Read more
Profit-taking, cheap corn sink U.S. hog futures
Chicago Mercantile Exchange hog futures dropped on Friday pressured by profit taking and sharply lower Chicago Board of Trade corn futures, traders and analysts said. CBOT corn spiraled downward in response to larger-than-expected U.S. Department of Agriculture acreage estimates. Cattle and hog producers may feed more livestock and fatten them to heavier weights if corn […] Read more
Record-high pork prices drive up U.S. hog futures
Chicago Mercantile Exchange hog futures climbed on Thursday as pork prices remained historically high, traders and analysts said. Thursday morning’s U.S. Department of Agriculture mandatory wholesale pork price report, or cutout, calculated on a plant-delivered basis, was at US$110.78 per hundredweight (cwt). The price slipped from Wednesday’s all-time high of $111.33/cwt but stayed above the […] Read more
Fund buying boosts U.S. live cattle futures
Chicago Mercantile Exchange live cattle climbed on Wednesday with help from fund buying, traders and analysts said. CME live cattle August led advances. Spread traders bought August and sold spot-June before it expires on Friday. Spot-June settled up 0.125 cent per pound to 121.275 cents. Most-actively traded August closed 1.05 cents higher at 122.175 cents […] Read more
Lower cash prices weaken U.S. hog futures
Chicago Mercantile Exchange hogs dropped Tuesday as lower cash prices stirred profit-taking, traders and analysts said. They said anticipation of wholesale pork prices about to top out contributed to CME hog futures’ selling. “We’re evolving to where consumers are getting saturated with pork and those prices are inching higher,” EBOTTrading.com senior analyst John Kleist said. […] Read more
U.S. hog futures climb on discount to cash
Chicago Mercantile Exchange (CME) hogs gained Monday, driven by futures’ discount to the exchange’s cash hog index which was at US104.23 cents, traders and analysts said. CME July hogs settled up 1.2 cent per pound, to 100.95 cents. It marked a new contract high of 101.8 cents in after-hours trading (all figures US$). August settled […] Read more
U.S. cattle placements slip in May amid higher feed costs
The flow of young cattle into U.S. feedlots dropped by a smaller-than-expected two per cent last month, according to a government report on Friday — a decline that analysts attributed to higher feed costs that discouraged fattening cattle for slaughter. The U.S. Department of Agriculture on Friday reported May placements at 2.049 million head, down […] Read more
U.S. live cattle futures rally into USDA report
Chicago Mercantile Exchange (CME) live cattle rallied, driven in part by positioning ahead of Friday’s U.S. Department of Agriculture monthly cattle-on-feed report, traders and analysts said. Analysts expect the report to show fewer cattle placed in feedlots in May as feed costs rose and grazing land improved. USDA will simultaneously issue its monthly cold storage […] Read more
Cyber-Savvy Farmer
