Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, off an earlier record high, pressured by profit-taking following Wall Street’s tumble, traders said. U.S. stocks fell nearly two per cent on concerns over the pace of economic growth. Consumer caution about the economy could hurt demand for U.S. goods, including […] Read more
U.S. livestock: CME live cattle fall from record high as stocks plunge
Feed ingredient unlikely to spread PED, experts say
Chicago/Paris | Reuters — The World Organization for Animal Health (OIE) said Wednesday an animal-feed supplement suspected of spreading a deadly pig virus is not likely to transmit the disease if manufacturers follow proper safety measures. Multiple studies suggest spray-dried porcine plasma, a supplement containing pigs’ blood that is fed to piglets, is not a […] Read more
U.S. livestock: Chicago live cattle again post record high
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures marked a record high for a second straight day on Wednesday in anticipation of firmer prices for slaughter cattle this week, traders said. October closed up 0.325 cent per pound at 166.1 cents, and December at 168.05 cents, up 0.2 cent (all figures US$). Investors […] Read more
Strong prices, low feed costs reviving pork industry
CNS Canada –– Recent strong prices, paired with low feed costs, are increasing profitability for Canadian hog farmers and helping to revive the pork industry. “We are seeing some of the idle barns that were taken out of production three years ago starting to come back into production,” said Brad Marceniuk, livestock economist with Saskatchewan’s […] Read more
U.S. livestock: Higher beef prices drive CME live cattle to new high
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures reached an all-time high on Tuesday, fuelled by short-covering as wholesale beef prices trended upward, traders said. October closed up 2.725 cents per pound to 165.775 cents, and December 1.55 cents higher at 167.85 cents (all figures US$). Tuesday morning’s choice wholesale beef price, or […] Read more
U.S. livestock: CME lean hogs charge higher as funds buy
Chicago | Reuters — Chicago Mercantile Exchange lean hogs futures closed sharply higher Monday, supported by short-covering and fund buying after contracts surpassed key technical resistance levels, traders said. October hogs closed 1.575 cents per pound higher at 107.175 cents (all figures US$). December finished at 95.875 cents, 2.85 cents higher and above the 100-day […] Read more
U.S. livestock: CME lean hogs slide as U.S. dollar surges
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Friday in response to the U.S. dollar’s surge to a four-year high which tends to drive up costs for U.S. exports, including meat, traders said. Positive U.S. monthly employment numbers helped send stocks on Wall Street up more than one per cent. The […] Read more
CME to shorten livestock futures electronic trading hours
Chicago | Reuters — CME Group will scale back electronic trading hours for its livestock markets following customer feedback, the exchange announced on Friday. The markets affected are CME (Chicago Mercantile Exchange) lean hogs, live cattle and feeder cattle futures and options. The changes are effective Oct. 27 and follow responses to an exchange survey […] Read more
U.S. livestock: CME live, feeder cattle repeat record highs
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday rose to a record high for a second consecutive session, supported in part by improved wholesale beef prices, traders said. October closed 0.375 cents per pound higher at 162.85 cents, and December up 0.525 cent to 166.425 cents (all figures US$). Thursday morning’s […] Read more
PED strikes again in SE Manitoba
Manitoba has now booked its fifth hog farm with cases of porcine epidemic diarrhea (PED). The provincial chief veterinary officer (CVO) on Tuesday confirmed the case in a nursery finisher barn in the province’s livestock-intensive southeast. While the CVO didn’t give the farm’s exact location, the property is outside a five-kilometre buffer zone around two […] Read more
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