With applications now available, Western Canada’s cattle and hog producers are being encouraged to consider the new federal/provincial livestock price insurance plan as a risk management tool against unexpected price drops. The Western Livestock Price Insurance Program (WLPIP), announced in January, is an insurance policy product offering protection against an unexpected drop in prices of […] Read more
Livestock price insurance plan now taking applications
U.S. livestock: CME hogs tumble on slowing pork demand, weak cash market
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures tumbled Tuesday on slowing demand for pork, in a session disrupted by technical problems that halted trading on the exchange’s Globex electronic platform near the close. Before Globex was restored nearly an hour later, brokers were forced to execute orders in the exchange’s open-outcry trading […] Read more
U.S. livestock: CME hogs end firm on fund buying, higher wholesale pork
Chicago | Reuters — Fund buying boosted Chicago Mercantile Exchange hogs more than one per cent on Monday while wholesale pork prices also underpinned prices, traders said. Hog futures rose late in the session as traders actively bought summer hog contracts. The CME April hog contract rose 1.52 per cent due to its discount to […] Read more
U.S. appeal court to reconsider whether to block COOL
A U.S. appeals court which last month rejected North American meat and livestock industry groups’ plea to halt U.S. mandatory country-of-origin labelling (COOL) on meat has scrapped its own ruling and will re-hear the groups’ case in May. The U.S. Court of Appeals for the District of Columbia circuit announced Friday it has vacated the […] Read more
Toronto pork packer in creditor protection
Ontario’s hog farmers are still processing news that a mainstay of the Toronto meat packing industry is in creditor protection. Quality Meat Packers and its Toronto Abattoirs arm have been granted 30 days’ creditor protection Thursday to “evaluate restructuring alternatives,” Ontario Pork reported Friday morning. Ontario Pork, which represents the province’s 1,500-plus hog producers, said […] Read more
U.S. livestock: Supply issues send CME hogs plummeting, cattle soaring
Chicago | Reuters — Capping yet another day of volatile livestock trading, Chicago Mercantile Exchange hogs closed down Thursday, recovering somewhat after prices went limit-down midday in response to ongoing uncertainty over the impact of a deadly swine virus on the nation’s hog herd. In contrast, fears over tight beef and cattle supplies in the […] Read more
U.S. livestock: Fund liquidation erases CME hogs’ new high
Chicago | Reuters — Chicago Mercantile Exchange hogs on Wednesday slumped on profit-taking and fund liquidation that pulled futures down from a high set earlier in the session, traders said. Fund selling and sell stops developed after the June contract fell below the 20-day moving average of 127.209 cents (all figures US$). April hogs closed […] Read more
U.S. livestock: CME hogs hit new high, led by discount to cash prices
Chicago | Reuters — Chicago Mercantile Exchange hogs on Tuesday set a new high after recovering some of Monday’s hefty losses, helped by short-covering and futures’ discount to prices for market-ready or cash hogs. CME’s hog index, a two-day barometer reflecting cash prices, was at a record-high 129.87 cents, which surpassed the previous high of […] Read more
U.S. livestock: CME hogs close lower on bearish hog data
Chicago | Reuters — Chicago Mercantile Exchange hogs closed lower on Monday, recovering somewhat from a limit-down open in response to a recent bearish USDA hog report. CME feeder and live cattle were also lower, with feeders pressed by a jump in Chicago Board of Trade corn prices after the government forecast U.S. farmers would […] Read more
U.S. hog herd decline less than expected despite PEDv
Reuters — The U.S. hog herd shrank less than feared in the latest quarter compared with a year earlier, leaving it well above average trade forecasts, a U.S. Department of Agriculture report showed Friday. The data suggests the spread of the deadly porcine epidemic diarrhea virus (PEDv) was not as devastating to the herd during […] Read more
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