Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Tuesday, pressured by profit-taking in anticipation of steady-to-lower prices for market-ready or cash cattle this week, traders said. Plant closures during the U.S. Memorial Day holiday will lessen their need for supplies, they said. Processors curbed slaughters to avoid spending more for […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
U.S. livestock: Tight supply outlook rallies CME feeder cattle to new high
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Monday clocked a new high for a fourth straight session, partly driven by expectations for tighter numbers of calves ahead, traders said. Feedlots are spending more for calves, or feeder cattle, made scarce after several years of drought in the U.S. sent the herd […] Read more
B.C. plans for PEDv prevention
The federal and British Columbia governments are putting up funding for the province’s pork sector to fend off porcine epidemic diarrhea (PED) before it arrives there. The two levels of government on Thursday pledged $613,050 from the Growing Forward 2 (GF2) ag policy funding framework for “increased surveillance and preventative measures” to keep livestock diseases […] Read more
Weather weighs in with virus on U.S. hog weights
Chicago | Reuters — U.S. hogs have started to shed pounds after hitting record weights recently and the trend may continue with warmer weather, underpinning prices for market-ready hogs that have slid 15 per cent in 1-1/2 months from their all-time highs. Hog weights rose to a record high 287.5 lbs. for the week of […] Read more
U.S. livestock: CME live cattle gain ahead of USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle gained modestly on Friday as investors tweaked positions before the U.S. Department of Agriculture’s cattle-on-feed report at 2 p.m. CT, traders said. Analysts expect the data to show cattle placements last month declined from April 2013 after several years of drought in parts of the U.S. […] Read more
Ont. Pork offers partial payments after packer bankruptcy
The marketing division of Ontario Pork has put up money to offer partial reimbursement to hog farmers left unpaid in the wake of Quality Meat Packers’ bankruptcy. The offer, to be funded through the division’s accumulated surplus, applies to farmers who shipped hogs to Quality through the division between March 31 and April 3. The […] Read more
U.S. livestock: CME hog futures drop on cash price unease
Chicago | Reuters — Chicago Mercantile Exchange hogs closed lower on Thursday, pressured by uneasiness about cash hog price direction amid ample supplies and slim packer margins, traders said. On Thursday, packers processed 413,000 hogs, 17,000 more than last week and up 8,000 from a year ago, the U.S. Department of Agriculture said. Pork packer […] Read more
U.S. livestock: CME hog futures close higher but off session tops
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed higher Wednesday in anticipation of tighter supplies linked to the porcine epidemic diarrhea virus (PEDv), traders said. May hogs, which expired at noon CT, settled unchanged at 112.4 cents per pound (all figures US$). June ended 0.975 cent higher at 120.575, and July up 1.5 […] Read more
U.S. livestock: Cash price bounce sends CME hogs mostly higher
Chicago | Reuters — Most Chicago Mercantile Exchange hog futures gained on Tuesday, driven by short-covering in response to higher prices for slaughter-ready or cash hogs, traders said. Aside from the CME May hog contract, which will expire on Wednesday, remaining months gained as packers spent more for supplies to accommodate the rest of this […] Read more
U.S. livestock: CME hog futures end mixed as cash prices move lower
Chicago | Reuters –– Chicago Mercantile Exchange hog futures closed mixed on Monday after market-ready or cash hog prices pressured nearby contracts, but the “roll” by funds supported back months, traders said. Monday afternoon’s hog price in the Iowa/Minnesota market dropped $2.42 per hundredweight (cwt) from Friday to $108.35, the U.S. Department of Agriculture said […] Read more
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