Chicago | Reuters — The U.S. government is considering rules that would require outbreaks of a deadly pig virus to be reported to the government in an effort to improve tracking of the disease, which has already spread to 30 states, an industry group said Monday. Porcine epidemic diarrhea virus (PEDv) has killed millions of […] Read more
USDA seen considering mandatory reports of PEDv outbreaks
U.S. livestock: Fund buying sends CME hogs mostly higher
Chicago | Reuters — Most Chicago Mercantile Exchange hog contracts gained ground on Monday with help from fund buying and anticipation of reduced production in the weeks ahead, traders and analysts said. Some packing plants plan to be dark during the Easter holiday weekend, limiting their need for hogs. Processors have already cut operations as […] Read more
U.S. livestock: Fund buying extends CME live cattle gains
Chicago | Reuters –– Chicago Mercantile Exchange live cattle gained for a fourth straight day on Friday on short-covering and fund buying after futures broke through technical resistance levels, traders said. April live cattle closed up 0.85 cents per pound to 144.85 cents, after topping the 10-day and 20-day moving averages of 144.255 and 144.756 […] Read more
U.S. livestock: CME hogs, live cattle finish mostly lower
Chicago | Reuters — Chicago Mercantile Exchange hogs settled mostly lower on Thursday following a choppy day of trading. Lead-month April hogs, which will expire on April 14, drew support from its discount to CME’s hog index at 128.62 cents (all figures US$). Profit-taking stirred by nervousness about market-ready, or cash, hog prices in the […] Read more
PEDv found in hogs at W. Manitoba site
Veterinary officials in Manitoba are following up with hog farmers who’ve taken animals through an unnamed “high-traffic site” after a “small number” of hogs held there were confirmed positive for porcine epidemic diarrhea (PED). In its preliminary investigation, the office of Manitoba’s chief veterinary officer (CVO) finds it likely that the PED-positive pigs picked up […] Read more
U.S. livestock: CME hogs settle higher after volatile session
Chicago | Reuters — Chicago Mercantile Exchange hogs finished higher on Wednesday with June up the three-cent limit as fund buying and short-covering beat back early losses, traders said. Futures raced to catch up to CME’s hog index at 129.19 cents (all figures US$). April hogs closed up 1.725 cents per pound to 125.025 cents, […] Read more
Livestock price insurance plan now taking applications
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
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