Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Friday on strong beef prices and demand for red meat that also catapulted margins for beef processors. Meat demand is high as federal stimulus checks have increased incomes and prompted consumers to spend more at supermarkets and restaurants, analysts said. COVID-19 vaccinations are also […] Read more
U.S. livestock: CME cattle futures up on beef prices, demand
June hogs down off recent rallies
U.S. livestock: Cattle, hog futures rise with wholesale meat prices
Easing restrictions prompt more dining out
Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed on Thursday as U.S. wholesale prices increased. Pork and beef are in high demand in supermarkets and restaurants as the distribution of federal stimulus checks has prompted consumers to spend more on food, analysts said. COVID-19 vaccinations and easing restrictions on […] Read more
U.S. livestock: Hogs rally again on pork prices, supply woes
June live cattle rise to even with June hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures extended a sharp rally on Wednesday, touching contract highs for the fourth consecutive day on limited supplies and strong pork prices. U.S. pork demand is strong as sales have benefited after households received additional COVID-19 pandemic relief money from the federal government, analysts said. The […] Read more
U.S. livestock: Hog futures extend rally on cash prices, tight supply
Cash cattle, beef values see 'significant disconnect'
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit contract highs for the third consecutive day on Tuesday as a strong cash market and tight supplies pushed up prices. Solid demand for pork has helped boost the market, with meat processors paying up to buy hogs from producers, analysts said. The U.S. Department […] Read more
U.S. livestock: Hogs set life-of-contract highs on tightening supplies
Cattle mixed on concerns for cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared to contract highs on Monday on tightening U.S. supplies and rising cash prices. Prices have been rallying as consumer demand is rising due to easing pandemic-induced restrictions on dining and travel, analysts said. Hog supplies are tight after some farmers euthanized hogs or performed […] Read more
U.S. livestock: Lean hogs climb on tightening hog supply
Higher feed costs weigh on feeder cattle futures; June live cattle up
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange gained on Friday on continued tight hog supplies that threaten to shrink available pork at a time when consumer demand remains strong. “Hog supplies are still shrinking seasonally. Pork supplies are figuring to tighten up as well,” said Doug Houghton, technical analyst […] Read more
U.S. livestock: Live cattle gain on grain market uncertainty
Lean hogs down with cash market
Chicago | Reuters — U.S. live cattle futures gained on Thursday, as mixed grain trade offered some relief for feed costs, while strong beef demand continued to support prices, traders said. CME’s June live cattle futures added 0.6 cent to 116.05 cents/lb., while August feeder cattle futures gained 0.975 cents to close at 149.875 cents/lb. […] Read more
Cattle can get stuck or go down when being processed
Watch for balking and think prevention when it comes to alleyways and chutes
Reading Time: 3 minutes Large cows or bulls can get stuck or go down in a chute or an alleyway system, and that can cause losses or welfare issues. I have trained myself to really watch when cattle balk at certain points of a handling system as there is often a very good reason for this, and one that […] Read more
U.S. livestock: Hog futures gain as supply outlook wanes
Live cattle ease on higher grain prices
Chicago | Reuters — U.S. lean hog futures climbed on Wednesday, supported by tight supplies and low inventory of available young hogs for producers as summer demand ramps up, traders said. CME most-active June lean hogs added 2.45 cents, to 109.125 cents/lb., with all contract months but June notching life-of-contract highs (all figures US$). “Tighter […] Read more
U.S. livestock: Live cattle ease on higher grain costs
Feeder cattle, lean hogs mixed
Chicago | Reuters — U.S. live cattle futures eased on Tuesday, as higher input costs could lead to near-term selling of cattle as producers are resistant to paying higher feed costs, traders said. “You’ve got your cost of gains climbing and climbing,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “Could be some […] Read more