Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday hit their highest level ever in anticipation of strong prices for market-ready, or cash, cattle led by record-high beef values, traders said. “Retail beef demand has been on a tear while feeding the bulls in the cattle pit, increasing packer margins and causing […] Read more
U.S. livestock: Cash price outlook lift CME live cattle to record high
U.S. livestock: Profit-taking drags down CME hog futures
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell hard on profit-taking after spiking to a new high driven by record-high wholesale pork values and strong prices for slaughter-ready hogs, traders said. Wednesday morning’s wholesale pork price, or cutout, surged $2.51 per hundredweight (cwt) from Tuesday to $134.04, surpassing the April record of $133.74, […] Read more
U.S. livestock: Strong cash, pork prices push CME hogs to new high
Chicago | Reuters — Chicago Mercantile Exchange hog futures soared to a new high on Tuesday after tight supplies forced packers to hike bids for market-ready animals, traders said. CME live cattle futures also closed up sharply led by select beef prices that hit an all-time high amid tight supplies, the traders said. Hog processors […] Read more
U.S. livestock: Tight supply outlook drives CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday after Friday’s government report confirmed tight supplies ahead, traders said. The U.S. Department of Agriculture cattle-on-feed report showed a seven per cent drop in the number of animals placed in U.S. feedlots in May. “We suspect the seven per cent decline […] Read more
U.S. livestock: CME live cattle futures slide before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Friday, on profit-taking ahead of the U.S. Department of Agriculture’s cattle-on-feed report Friday afternoon, traders said. USDA’s report is expected to show the number of cattle placed in feedlots in May declined from a year ago as high-priced calves deterred feedyards from buying […] Read more
U.S. livestock: Strong cash prices rally CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished higher on Thursday in response to stronger-than-expected prices for market-ready or cash cattle, traders said. Cash cattle in Texas and Kansas moved at $150 per hundredweight (cwt), up $2 from last week, according to feedlot sources (all figures US$). Investors had anticipated weaker cash returns […] Read more
U.S. livestock: CME feeder cattle limit down on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Wednesday settled down their three-cent daily price limit on profit-taking, traders said. Lower live cattle future and fund liquidation hastened CME feeder cattle losses, they said. Feeder cattle futures reflect worries about how to make high-priced calves work with current market-ready cattle values and […] Read more
U.S. livestock: Lower cash price outlook pulls down CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday in anticipation of a seasonal bump in supplies that could pressure prices for market-ready or cash cattle, traders said. “It seemed like we delayed some bad news,” said EBOTTrading.com senior analyst John Kleist. Stronger-than-usual beef clearance leading up to Father’s Day […] Read more
USDA approves vaccine to help fight PEDv
Chicago | Reuters — The U.S. Department of Agriculture has approved the first vaccine that can be sold directly to farmers to help fight a virus that has wiped out an estimated 10 per cent of U.S. pigs, USDA said Monday. Preliminary studies of the vaccine developed by Harrisvaccines “have been promising” in controlling porcine […] Read more
Hog industry braces for PED re-infection
A farm in Indiana has suffered a second outbreak of the deadly PED virus, and Canadian hog producers can expect the same risk in their own herds
Reading Time: 2 minutes Canadian hog producers could see increased mortality in their herds as the porcine epidemic diarrhea (PED) virus begins to re-infect hog herds, says an Alberta livestock veterinarian. “We have to be prepared to live in a world where this infection and this disease is going to continue to recycle throughout herds in the United States, […] Read more
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