Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday slid after hitting contract highs in early trade, weighed by weaker wholesale beef prices and fund liquidation, traders said. The morning’s wholesale beef price, or cutout, dropped for a second straight day, with choice down $1.10 per hundredweight (cwt) from Wednesday to $242.27. […] Read more
U.S. livestock: Fund selloff undercuts CME live cattle
U.S. livestock: CME hog futures close mixed after volatile session
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed mixed on Wednesday, supported by higher cash hog prices while pressured by sporadic profit-taking, traders said. The morning’s hog price in the closely watched Iowa/Minnesota market rose $2.41 per hundredweight (cwt) to $122.90, surpassing Tuesday’s $121.13 record, based on U.S. Department of Agriculture data. Packers […] Read more
U.S. livestock: CME hog futures gain, but slip from record high
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed higher in pit trading on Tuesday but eased from their all-time high as investors took profits while awaiting cash price direction, traders said. In electronic trading, CME April hogs edged upward after the average cost of hogs in the closely-watched Iowa/Minnesota market came in at […] Read more
U.S. livestock: Cash prices again spike CME hogs to new high
Chicago | Reuters — Chicago Mercantile Exchange hog futures marked a new high for a third straight session as tight supplies continued to drive up prices for market-ready hogs, traders said on Monday. Packers are finding it hard to buy hogs as the deadly porcine epidemic diarrhea virus (PEDv) reduces the number of available animals […] Read more
U.S. livestock: CME hogs hit new high on supply fears, PEDv
Chicago | Reuters –– Chicago Mercantile Exchange hog futures on Thursday hit a new high, with April closing up the three-cent limit, as prices for slaughter-ready hogs climbed fueled by tight supplies in part pegged to a deadly pig virus, traders said. The porcine epidemic diarrhea virus (PEDv), which is fatal to piglets has been […] Read more
U.S. livestock: Live cattle futures rise on hopes for cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose on Wednesday, driven by anticipation of higher cash prices this week, traders said. For now, there is more confidence in better prices for cash cattle given record-high beef values and positive packer margins, said R.J. O’Brien floor manager Jim Brooks. Cash cattle bids in Texas […] Read more
Hog cash prices nearing record highs
CNS Canada –– Cash prices for Canadian hogs are nearing record levels due to concerns about reduced North American supplies because of the porcine epidemic diarrhea virus (PEDv) that’s plagued U.S. farmers and a handful in Canada this winter. Futures prices for hogs reached record levels in the U.S. in early March, with prices rallying […] Read more
U.S. livestock: CME hogs peak at new high in volatile action
Chicago | Reuters –– Chicago Mercantile Exchange hog futures on Tuesday reached a new high for a second straight session as buying pegged to a deadly pig virus offset profit-taking, traders said. The porcine epidemic diarrhea virus sweeping across U.S. hog farms is already hurting production in parts of the Midwest. The virus is expected […] Read more
PEDv-related supply woes drive U.S. hogs up 6.5 per cent
Chicago | Reuters — Hog futures at the Chicago Mercantile Exchange surged 6.5 per cent this week on tightening U.S. supplies as a deadly pig virus sweeps the country, traders and industry sources said on Friday. CME lean hog futures finished the week at 113.75 cents per pound, down from a record high of 114.675 […] Read more
Hog code calls for group sow housing, pain control for piglets
Animal welfare advocates call Canada’s new code of practice for the care and handling of pigs — which commits farmers who follow it to adopt group housing for sows in any new barns built after July this year — a “watershed moment” for the industry. The revised code, replacing the previous version released in 1993, […] Read more
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