Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures closed lower on Thursday, retreating as traders paused to book profits after the benchmark contracts in both markets climbed to life-of-contract highs. CME April lean hogs settled down 0.75 cent at 98.375 cents/lb., easing after notching a contract high at 101.25 cents (all figures […] Read more
U.S. livestock: CME hog, cattle futures end lower
Prices take pause off contract highs
JBS reaches ‘icebreaker’ settlement of beef price-fixing claims
Reuters — JBS has agreed to pay US$52.5 million to settle litigation accusing meatpacking companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit. The preliminary settlement by the Brazilian company and its U.S. units with so-called direct purchasers was disclosed on Tuesday, and […] Read more
U.S. livestock: Cash prices, slaughter pace support CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied to fresh contract highs on Wednesday on strong cash market prices and rising slaughter rates amid seasonally tightening cattle supplies. A winter storm moving across the central U.S. on Wednesday did not noticeably impact cattle and beef production, although traders were watching for any […] Read more
U.S. livestock: CME hog, cattle futures hit contract highs
U.S. storm could drag on livestock transport
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose more than two per cent on Tuesday, with most contract months setting life-of-contract highs on fund-driven buying and worries about a winter storm that could slow the transport of animals at a time of tight U.S. hog supplies, traders said. Benchmark CME April lean […] Read more
Alberta RCMP to start unclogging major border crossing
Blockade 'not a peaceful assembly,' Mounties say
A major supply chain corridor connecting Alberta and the U.S. is expected to be cleared of protestors and reopened to traffic on Tuesday, Alberta RCMP have warned. Protestors in vehicles formed a blockade Saturday on Highway 4 leading to the province’s only 24-hour Canada-U.S. border crossing, at Coutts, Alta., about 100 km southeast of Lethbridge. […] Read more
Use that extra at-home time to boost your learning
Fewer meetings and networking opportunities offer more time to discover other info sources
Reading Time: 2 minutes As the world is recovering from and dealing with COVID-19 in 2022, we all are becoming more accustomed to keeping our bubble small. By spending more time at home and on our farms and ranches — and relying more on deliveries instead of getting out in person — how do we keep up with improvements […] Read more
U.S. livestock: CME cattle end higher on rising slaughter pace
Hogs up in rangebound trade
Chicago | Reuters — Benchmark Chicago Mercantile Exchange live cattle futures hit the highest in nearly a month on Monday, supported by an improving U.S. slaughter pace and signs of a shrinking U.S. cattle herd, traders said. CME April live cattle futures settled 1.425 cents higher at 144.525 cents/lb. after reaching 144.825 cents, the contract’s […] Read more
Philippines ends import block on Canadian beef
Ban imposed following atypical BSE finding
The Philippines has lifted the temporary suspension on imports of Canadian beef it imposed after the discovery of Canada’s first case of BSE in six years. Manila had announced its temporary ban following the confirmation in mid-December of atypical BSE (bovine spongiform encephalopathy) in a beef cow in central Alberta. Korea imposed and later lifted […] Read more
U.S. livestock: CME cattle futures up with daily slaughter levels
Hogs up on technical buying, cash prices
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Friday as daily processing levels began to rebound, a sign that COVID-related staffing woes may be easing, traders said. Meatpackers have struggled with staffing shortages due to the surge in Omicron coronavirus infections, traders said, limiting production in recent weeks. Beef processors slaughtered an […] Read more
U.S. livestock: CME lean hogs drop on profit-taking, technical selling
Faster slaughter pace drags on cattle futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Thursday, dragged by technical selling and profit-taking following a recent rally to contract highs. Tight U.S. hog supplies had fueled the recent gains and remained a supportive factor, but the market was oversold. “We had a key reversal in April hogs yesterday and […] Read more
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