Chicago | Reuters –– Chicago Mercantile Exchange (CME) hogs settled sharply lower on Monday pressured by technical-selling and profit-taking, traders said. Front-month July traded through both the 10-day and 20-day moving average. July also traded at a premium to the CME cash index of 114.75 cents per hundredweight (cwt), which also dragged on the market […] Read more
U.S. livestock: Lean hogs fall on profit-taking, technical selling
U.S. livestock: Firm beef prices help drive CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Friday, a move fuelled partly by an uptick in wholesale beef prices, traders said. The morning’s wholesale choice beef price, or cutout, rose 64 cents per hundredweight (cwt) from Thursday to $231.53. Select cuts gained 29 cents to $223.89, the U.S. Department of […] Read more
U.S. livestock: Strong cash prices lift CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange (CME) live cattle futures closed sharply higher Thursday, pushed up by short-covering in response to higher-than-expected prices for slaughter-ready or cash cattle, traders said. Cash cattle in Texas and Kansas moved at $148 per hundredweight (cwt), up $3 from a week ago, according to feedlot sources (all figures […] Read more
U.S. livestock: Profit-taking halts CME feeder cattle rally
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures closed sharply lower on Wednesday, pressured by profit-taking that ended the market’s run of six straight sessions at new highs. “It doesn’t surprise me that futures would take a breather after going up so fast,” a trader said. Futures were also overpriced based on CME’s […] Read more
U.S. livestock: CME feeder cattle touch new highs as supplies tighten
Chicago | Reuters –– Chicago Mercantile Exchange feeder cattle futures on Tuesday hit a new high for a sixth straight session, driven by a shortage of calves for fattening after several years of drought in the U.S. hurt crops, traders said. However, sufficient grazing pastures now are allowing ranchers to nourish animals to heavier weight […] Read more
U.S. livestock: CME live cattle end two per cent higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle ended sharply higher on Monday, rising two per cent, supported by tight cattle supplies, higher wholesale beef prices and higher cash market prices, traders said. U.S. Department of Agriculture data showed cattle in the cash market traded at $144 per hundredweight (cwt) in Texas last week, […] Read more
Local food movement continues to soar
Visitors spent an estimated $878 million at farmers’ markets in Alberta in 2012, a jump of more than 50 per cent from four years earlier
Reading Time: 4 minutes Jered Serben never planned to become part of the local food scene, but is glad he is. The fourth-generation farmer grew up on a traditional hog operation, which transitioned to grain and then exited pork production when hog prices plummeted in the early 2000s. But his heart was never in it. “We got into more […] Read more
EU to test imports of live pigs from Canada, U.S. for PEDv
Brussels | Reuters –– European Union member states on Friday agreed that live pig imports from the U.S. and Canada must be tested for a deadly virus that has killed millions of U.S. piglets. The latest measures complement import requirements on pig blood products that may be used for feeding piglets — requirements to which […] Read more
U.S. livestock: CME lean hogs end higher, live cattle narrowly mixed
Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended higher on Friday, supported by fund buying, anticipation of high cash prices and tight hog supplies, traders said. Lean hog futures rose more than one per cent on the day as consumer demand for grilling season grows even as pork and beef retail prices rise, […] Read more
U.S. livestock: CME feeder, live cattle end higher on tight supplies
Chicago | Reuters — Cheaper grain prices, firmer live cattle prices coupled with tight supplies and good pasture boosted Chicago Mercantile Exchange feeder cattle values into record territory on Thursday, traders said. CME August feeders ended at 199.825 cents per pound, up 1.05 cents, while the September contract closed up 0.75 cent at 200.25 cents/lb. […] Read more
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