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Tag Archives hogs

Livestock, Markets, Reuters

U.S. livestock: Ham prices lead lean hog futures higher

Chicago live cattle book slight gain

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Chicago | Reuters — U.S. lean hog futures rose on Thursday as firmer cash markets for hogs and some pork products supported thinking that the market may have bottomed out after declining for much of 2020, traders said. Chicago Mercantile Exchange (CME) August lean hog futures settled up 2.275 cents at 50.225 cents/lb., crawling back […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures, boxed beef prices weaken

October lean hogs up slightly

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Chicago | Reuters — U.S. live and feeder cattle futures weakened with boxed beef prices on Wednesday as large supplies of heavy livestock are ready for slaughter, commodity brokers said. Cattle heading to slaughter weigh more, analysts said, because they put on pounds as animals backed up in feedlots when meat plants closed in April […] Read more
Livestock, Markets, Reuters

U.S. livestock: Large supplies push cattle, hogs mostly lower

Over 17,000 cases of COVID in packing plant workers, U.S. CDC reports

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Chicago | Reuters — U.S. cattle and hog futures ended mostly lower on Tuesday under pressure from large supplies, analysts said. Live cattle futures retreated a day after nearing a two-month high, while feeder cattle pulled back after reaching their highest price in month than a month on Monday. “We’ve gotten a bit overbought on […] Read more
Hogs, Livestock, Reuters

G4 swine flu virus not new, China says

Ag ministry says virus does not infect or sicken humans, animals easily

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Shanghai/Beijing | Reuters — China’s ministry of agriculture and rural affairs said Saturday that the so-called “G4” strain of swine flu virus is not new and does not infect or sicken humans and animals easily, rebuffing a study published last week. That study, by a team of Chinese scientists and published by the U.S. journal […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise as corn prices ease

Hog futures up slightly on improved exports

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Chicago | Reuters — U.S. cattle futures rose on Thursday with feeder cattle leading the pack, as corn prices eased on profit taking ahead of the long holiday weekend, analysts said. Thursday’s feeder cattle rally was due in part to a slump in corn futures, traders said. Earlier this week, the most-active contract surged amid […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures rise on new-month buying

Hogs mostly down on concerns over supplies, demand

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Chicago | Reuters — U.S. live cattle futures closed higher on Wednesday on what appeared to be technical and speculative buying at the start of a new month and quarter, analysts said. Yet the benchmark August live cattle contract on the Chicago Mercantile Exchange remained rangebound, with rallies capped by weak beef prices as slaughterhouses […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures drift lower as corn prices soar

Wholesale beef prices show signs of stabilizing

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Chicago | Reuters — U.S. cattle futures closed modestly lower on Tuesday, pressured by a surge in Chicago Board of Trade (CBOT) corn futures that is likely to squeeze profit margins for livestock producers, traders said. “The rise in feed costs changes the dynamics in the industry. It cuts into profits — or in the […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs end firm on light recovery bounce

Ramped-up slaughter pace keeps lid on rallies

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Chicago | Reuters — U.S. live cattle futures closed modestly higher on Monday, shaking off early declines and firming on technical buying ahead the end of the month and quarter, after a three-session slide last week, traders said. A firmer close in Wall Street equity markets lent support as optimism about the U.S. economy could […] Read more
Livestock, Markets, Reuters

U.S. livestock: Hogs tumble on bigger-than-expected supply, economic concerns

Rising COVID-19 counts raise fears for beef demand

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Chicago | Reuters — U.S. lean hog futures plunged by as much as the daily trading limit on Friday and ended sharply lower after the U.S. Department of Agriculture (USDA) estimated supplies above already-high trade expectations. Economic concerns amid rising novel coronavirus infections added pressure to hogs and also dragged down cattle futures, which finished […] Read more

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