Reading Time: 2 minutes It’s been a year since porcine epidemic diarrhea virus (PEDv) was found in Canada, and the wave of high prices caused by the disease seems to be coming to an end. “Traders seem to think this disease has been licked and is behind us because the pricing now on hogs in futures markets are such […] Read more
Don’t expect hog heaven in 2015
Analyst Kevin Grier says markets overreacted to PEDv last year, but the current drop in prices is likely overdone, too
U.S. livestock: CME hogs post more gains on cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs posted their sixth straight higher settlement on Wednesday as prices for market-ready (cash) hogs edged upward, traders said. April futures closed 0.75 cent per pound higher at 69.325 cents, and May up 2.85 cents at 81.9 cents (all figures US$). Wednesday morning’s average cash hog price […] Read more
U.S. livestock: CME hog futures rise again with cash prices
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hogs rose for a fifth session in a row on Tuesday, helped by short-covering in response to rising prices for market-ready (cash) hogs, traders said. April futures closed 0.25 cent per pound higher at 68.575 cents, and May up 0.8 cent, to 79.05 cents (all figures […] Read more
U.S. livestock: CME hogs rally on cash prices, port dispute end
Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Monday on strong cash prices and the resumption of cargo loading following Friday’s West Coast port labour agreement, traders said. CME hogs drew more support from the dockworker deal because the U.S. exports more pork than beef and poultry. Monday morning’s average market-ready […] Read more
U.S. livestock: CME live cattle slump before USDA report
Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell Friday on lower cash prices before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CT, traders said. Analysts expect Friday’s report to show a sizable drop in the number of cattle placed into feedlots last month. This week, market-ready (cash) cattle in […] Read more
U.S. livestock: Improved fundamentals extend CME hogs’ advances
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs gained for a second straight session on Thursday, helped by firmer cash and wholesale pork prices, traders said. April futures closed up 2.825 cents per pound at 67.05 cents, and May 2.325 cents higher at 76.725 cents (all figures US$). Thursday morning’s average market-ready (cash) hog […] Read more
U.S. livestock: Strong beef prices lift CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday on short-covering in response to the jump in wholesale beef values, traders said. February closed up 0.575 cent per pound, to 159.175 cents, and April 1.9 cents higher at 152.625 cents (all figures US$). Wednesday afternoon’s choice wholesale beef price rose […] Read more
U.S. livestock: Profit-taking slams CME live cattle, hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply lower on Tuesday on profit-taking following Friday’s rally, traders said. February closed 1.4 cents per pound lower at 158.6 cents, and April down 2.5 cents at 150.725 cents (all figures US$). West Coast port slowdowns and disappointing volumes of cattle sold last week, […] Read more
U.S. livestock: CME live cattle up on cash price hopes, BSE report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted significant gains on Friday, in anticipation of higher cash prices and short-covering before Monday’s Presidents Day holiday in the U.S., traders said. News of Canada’s first case of bovine spongiform encephalopathy (BSE) since 2011 provided further support to CME live cattle contracts, they said. […] Read more
U.S. livestock: CME hogs jump on bargain hunting, cattle firm
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Thursday, fueled by bargain hunting in the technically oversold market, traders said. February, which will expire on Friday, closed 0.725 cent per pound higher at 61.95 cents, and April up 0.675 cent, to 64.5 cents (all figures US$). Before Thursday’s session, hog futures […] Read more
Cyber-Savvy Farmer
