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
U.S. livestock: CME lean hogs drop on profit-taking, technical selling
Faster slaughter pace drags on cattle futures
Initiative aims to turn beef genetic data into cash at the ranch level
The keys are getting data into a useful form and then creating easy-to-use tools for ranchers, say advocates
Reading Time: 3 minutes How can the cattle industry make better use of genetic data? It’s a question that the Canadian Beef Improvement Network is trying to solve. “It’s really about translating the genetic information within the industry so we can replicate the positive and start to remove the inefficiencies that we have,” said Sandy Russell, CEO of the […] Read more
U.S. livestock: CME live cattle up on improved slaughter pace
Lean hogs down on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Wednesday on technical buying and as rising U.S. slaughter rates eased concerns about cattle supply backups. Cattle processing rates have ramped up after pandemic-related staffing shortages at some meat plants. The U.S. Department of Agriculture (USDA) estimated Wednesday’s cattle slaughter at 118,000 […] Read more
U.S. livestock: CME lean hogs hit new contract high on slim supply
CME April live cattle up slightly
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a new contract high on Tuesday on concerns about tightening U.S. supplies, analysts said. Nearby live cattle and feeder cattle futures also strengthened. U.S. cold storage data, issued after the markets closed on Monday, was supportive for hog and cattle futures, analysts said. […] Read more
Klassen: Feeder market softens on tight feed grain supply
Ontario buying interest subsides
Compared to last week, prices for yearling steers were down $2-$4 while yearling heifers were down $4 to as much as $8. Calf markets were down $3-$6 from last week. Negative feeding margins, colder temperatures and tight feed grain supplies were the three main factors setting a negative tone in the feeder market. Rail imports […] Read more
U.S. livestock: CME cattle sink to November lows
Lean hogs set contract high
Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled on Monday as investors reduced risk and after the U.S. Department of Agriculture (USDA) last week confirmed producers placed more animals into feedlots in December, analysts said. USDA said cattle producers placed 1.96 million head in feedlots last month, up six per cent from a […] Read more
Drought assistance deadline is Jan. 31
Reading Time: < 1 minute Phase 2 of the emergency drought relief program for livestock producers is now taking applications — but only until Jan. 31. Producers hit by drought were eligible for a payment of $94 per breeding cow in the first round. In the second phase, they can get an additional payment for extraordinary feed costs (to a […] Read more
U.S. livestock: Hog futures surge to highest in over three months
U.S. cattle counts up from last year
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose 1.5 per cent on Friday to hit their highest since mid-October, extending a rally on technical buying. Traders remained focused on the slaughter rate as COVID-19 disruptions have caused slowdowns at meat processors throughout the month. “The industry still isn’t functioning normally, though the processing […] Read more
U.S. livestock: Hog futures touch highest since mid-October
CME cattle futures down on day
Chicago | Reuters — Chicago Mercantile Exchange hog futures jumped to their highest in more than three months on Thursday, supported by strength in the cash markets, traders said. Most actively traded February lean hogs rose 2.625 cents, to 84.925 cents/lb. (all figures US$). The front-month contract closed just below its session peak of 84.975 […] Read more
U.S. livestock: Cattle and hog futures firm
Meat supplies remain tight
Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures rose on Wednesday, with tight supplies supporting prices after a slowdown in the pace of slaughter. Most actively traded February lean hogs rose 0.7 cent, to 82.3 cents/lb. Hog futures have risen for three days in a row, their longest streak of gains […] Read more
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