Chicago | Reuters — U.S. lean hog futures fell sharply on Tuesday as a powerful hurricane roared toward the U.S. East Coast, threatening hog production in the Carolinas, home to some of the country’s largest packing plants. Pork producer Smithfield Foods said it will be shuttering two of its hog plants in North Carolina on […] Read more
U.S. livestock: Hogs drop as large pork plants in Florence’s path
Klassen: Feeder market waiting for direction
Average western Canadian feeder prices were relatively unchanged from week-ago levels; however, the yearling market in southern Alberta traded $3-$5 higher as feedlot operators focused on sourcing local cattle. High-quality yearlings are coming on the market and steady demand was evident across the Prairies. Strength in the deferred live cattle futures along with the deterioration […] Read more
U.S. livestock: Lean hogs slip from three-week highs
Chicago | Reuters — U.S. lean hog futures settled mostly lower on Monday as early support from a swine fever outbreak in Asia and a hurricane off the U.S. East Coast faded and the market retreated from three-week highs. Technical selling in the overbought hog futures market added pressure. “The market is running out of […] Read more
U.S. livestock: October hogs limit up on cash prices, swine fever fear
Chicago | Reuters — U.S. lean hog futures surged on Thursday on rising cash hog prices and growing concerns about the spread of African swine fever in China, the world’s top hog and pork producer, traders said. Chicago Mercantile Exchange October futures closed up the daily three-cent-per-pound trading limit, aided by technical buying in the […] Read more
U.S. livestock: Hogs mostly up on worry over swine fever in China
Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday on firm cash hog prices and concerns about the spread of African swine fever in China, the world’s top hog and pork producer, traders said. But the market closed below session highs and some contracts settled below prior-day levels as the impact […] Read more
U.S. livestock: Cattle rise on fund buying, strong beef demand
Chicago | Reuters — U.S. cattle futures climbed more than one per cent on Tuesday, fueled by fund buying on the first trading day of the month and strong demand for beef, traders and analysts said. Chicago Mercantile Exchange October live cattle finished 1.1 cents higher at 109.875 cents/lb. while December futures added 1.425 cents […] Read more
U.S. livestock: Cattle ease on profit-taking, lack of cash sales
Chicago | Reuters — U.S. cattle futures eased on Friday as traders locked in profits following two straight sessions of higher prices and as beef packers bought few animals in cash cattle markets, traders and analysts said. Expectations that meat packers might pay prices roughly steady with cattle sales of about $109/cwt a week ago […] Read more
U.S. livestock: Cattle mostly higher on technical buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were narrowly higher on Wednesday, lifted by light technical buying as traders awaited deals in U.S. Plains cash cattle markets, analysts said. Feeder cattle futures were slightly lower and lean hogs were mixed, with fresh news relatively scant. Most-active CME October live cattle ticked up […] Read more
Klassen: Feeder cattle market softens
Compared to last week, western Canadian yearling prices were $2-$5 lower on average while calf markets were relatively unchanged. Weakness in deferred live cattle futures, along with stronger barley prices, set a negative tone. Most of the Prairies have received less than 40 per cent of normal precipitation over the last 30 days, but this […] Read more
U.S. livestock: Hogs ease on weak cash markets, spreading
Chicago | Reuters — U.S. lean hog futures fell on Tuesday, pressured by weaker prices in cash hog markets and spreading as the market gave back a portion of the steep gains notched on Monday, traders and analysts said. Hog futures on the Chicago Mercantile Exchange on Monday jumped by their three-cent daily price limit […] Read more
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