Chicago | Reuters –– Chicago Mercantile Exchange lean hogs turned higher Wednesday after initial selling, benefiting from sentiment that cash prices are about to bottom out soon, traders said. February closed 0.75 cent per pound higher at 79.325 cents, and April finished up 0.525 cents at 81.875 cents (all figures US$). Slaughter-ready (cash) hog prices […] Read more
U.S. livestock: CME hogs rally in anticipation of cash price rebound
Hog nursery barn Quebec’s third PED case
A hog nursery operation in Quebec’s Monteregie was confirmed Dec. 31 as the province’s third case of porcine epidemic diarrhea (PED) in hogs. Quebec has previously booked two cases of on-farm outbreaks of the PED virus (PEDv) — both at hog finishing operations in the Monteregie in February and November 2014 respectively. The latest case […] Read more
Researchers identify new PEDv strain in Minnesota
Chicago | Reuters — U.S. researchers have identified a new strain of a hog disease that has wiped out millions of baby pigs, a sign the virus will keep mutating as producers work to contain it. A third strain of porcine epidemic diarrhea virus (PEDv) was detected in a Minnesota hog herd and found to […] Read more
U.S. livestock: Bearish fundamentals sink CME hogs to near two-year low
Chicago | Reuters — Chicago Mercantile Exchange lean hogs fell to their lowest in almost two years on Tuesday, weighed down by sluggish wholesale pork demand and ample hog supplies, traders said. February closed 1.35 cents per pound lower at 78.575 cents and April finished down 1.45 cents, to 81.35 cents (all figures US$) On […] Read more
U.S. livestock: CME hogs sag as funds sell; live cattle rise
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed lower on Monday on sell stops and fund liquidation after nearby contracts drifted beneath technical support levels, traders said. February closed 1.375 cent per pound lower at 79.925 cents, below the 10-day moving average of 81.2 cents (all figures US$). April finished down 0.7 cents […] Read more
U.S. livestock: CME feeder cattle in biggest one-day jump in seven months
Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle on Friday climbed two per cent, their biggest daily increase in seven months, led by live cattle market advances, traders said. Fund buying and buy stops surfaced after January and March surpassed their respective 20-day moving average of 221.46 cents and 218.46 cents (all figures […] Read more
U.S. livestock: CME live cattle end session weaker
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower on Wednesday on year-end profit taking, trader said. However, futures extended their yearly winning streak to six in a row after finishing up 23 per cent for 2014 amid tight supplies after years of drought, an analyst said. Upward-trending wholesale beef prices and stronger-than-expected […] Read more
U.S. livestock: CME live cattle close weaker on profit taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower in choppy trading on Tuesday, pressured by profit-taking that outpaced initial buying led by bullish fundamentals, traders said. December, which will expire on Wednesday, closed 0.625 cent per pound lower at 165.875 cents, and February was down 0.3 cent at 164.7 cents (all figures […] Read more
U.S. livestock: CME live cattle climb on beef prices, cash optimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle posted significant gains on Monday, led by strong wholesale beef prices and anticipation of steady or better cash prices this week, traders said. December closed 1.75 cents per pound higher at 166.5 cents, and February up 2.525 cents at 165 cents (all figures US$). Monday morning’s […] Read more
U.S. livestock: Expanded limits break CME feeder cattle losing streak
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle surged Thursday on short covering in volatile action after the exchange expanded futures trading limits, following three-cent-per-pound limit-down settlements five days in a row. CME took emergency steps on Wednesday to stem the plunge in feeder cattle contracts by increasing its limit to 4.5 cents/lb. from […] Read more
Cyber-Savvy Farmer
