Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, supported by their discount to what packers paid for market-ready (cash) cattle last week, traders said. “We had the board (futures) too cheap when the February contract expired last Friday,” said Vetterkind Cattle Brokerage president Troy Vetterkind. April closed 1.75 cents […] Read more
U.S. livestock: CME live cattle rise on discounts to cash prices
U.S. livestock: Hog futures rebound with pork prices
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs on Friday bounced back from Thursday’s losses, sparked by the uptick in wholesale pork values, traders said. April futures closed up 0.325 cents per pound, to 67.475 cents, with May 0.6 cents higher at 79.9 cents (all figures US$). Friday afternoon’s wholesale pork price jumped $2.38 […] Read more
U.S. livestock: Profit-taking breaks CME hogs’ six-day win streak
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs fell on Thursday for the first time in seven days, pressured by profit-taking on the eve of February’s final trading day, traders said. April futures closed 2.175 cents per pound lower at 67.15 cents, with May down 2.6 cents at 79.3 cents (all figures US$). Some […] Read more
U.S. livestock: CME hogs post more gains on cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs posted their sixth straight higher settlement on Wednesday as prices for market-ready (cash) hogs edged upward, traders said. April futures closed 0.75 cent per pound higher at 69.325 cents, and May up 2.85 cents at 81.9 cents (all figures US$). Wednesday morning’s average cash hog price […] Read more
Pork packers Olymel, Atrahan plan ‘partnership’
Meat packer Olymel has a “partnership” pact in hand with a competing Quebec pork player for joint operation of both companies’ hog slaughter and processing businesses. Olymel, the pork and poultry arm of La Coop federee, announced an agreement in principle Wednesday with family-owned packer Atrahan Transformation, to start talks on “pooling our operations in […] Read more
The future continues to look bright for pork producers
While it’s not entirely smooth sailing, the ‘optimistic sentiment’ in the industry is well founded, two experts told the Banff Pork Seminar
Reading Time: 3 minutes The animal welfare issue won’t derail a positive outlook for Canada’s pork industry, says an American agriculture economist. “There is a very optimistic sentiment today in the entire pork industry — I think we’re going to expand pork production throughout North America,” Glynn Tonsor of Kansas State University said at the recent 2015 Banff Pork […] Read more
U.S. livestock: CME hog futures rise again with cash prices
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hogs rose for a fifth session in a row on Tuesday, helped by short-covering in response to rising prices for market-ready (cash) hogs, traders said. April futures closed 0.25 cent per pound higher at 68.575 cents, and May up 0.8 cent, to 79.05 cents (all figures […] Read more
Getting new workers off to a good start pays off for hog operation
The cost of a trainer and a five-week employee orientation is far less than having to continually replace workers, says HyLife official
Reading Time: 2 minutes Anyone running a hog operation of any scale today knows the value of labour. Richard Taillefer, director of sow and nursery production for HyLife, a large hog production operation headquartered in La Broquerie, Man., told delegates at the recent Banff Pork Seminar in actual dollar terms how much employee retention means to their company. HyLife, […] Read more
U.S. livestock: CME hogs rally on cash prices, port dispute end
Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Monday on strong cash prices and the resumption of cargo loading following Friday’s West Coast port labour agreement, traders said. CME hogs drew more support from the dockworker deal because the U.S. exports more pork than beef and poultry. Monday morning’s average market-ready […] Read more
U.S. livestock: CME live cattle slump before USDA report
Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell Friday on lower cash prices before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CT, traders said. Analysts expect Friday’s report to show a sizable drop in the number of cattle placed into feedlots last month. This week, market-ready (cash) cattle in […] Read more
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