MarketsFarm — Cam Dahl, general manager of Manitoba Pork, has felt the highs and lows of the province’s pork industry over the past few months. While he expects Manitoba’s feed grain harvest to provide some relief to feed prices for pork producers, Dahl also mentioned Russia’s invasion of Ukraine, the African swine fever situation in […] Read more
Market uncertainty, election weigh on Manitoba pork sector
Volatility remains a feature, Manitoba Pork GM says
U.S. livestock: CME feeder cattle dip to three-week low
Live cattle also drop, hogs mixed ahead of USDA report
Chicago | Reuters — Chart-based and fund selling dragged Chicago Mercantile Exchange live cattle futures to their lowest level in more than a week on Tuesday while feeder cattle hit a three-week low, traders said. Most-active lean hog futures also came under pressure. Steep losses on Wall Street set a negative tone for cattle futures, […] Read more
U.S. livestock: CME live cattle slip, but stay near recent highs
December hogs up off three-week low
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange eased on Monday as the market pulled back slightly from life-of-contract highs set last week. The markets remain near their peaks as tight U.S. cattle supplies continue to fuel supply concerns. CME October live cattle futures settled 0.1 cent down at 186.975 cents/lb., […] Read more
U.S. livestock: CME cattle up on bargain-buying, tight supplies
Hogs down in profit-taking
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Friday on tight U.S. cattle supplies and bargain-buying a day after the benchmark December contract hit a one-week low, traders said. CME October live cattle futures settled up 2.1 cents at 187.075 cents/lb. and most-active December ended up 1.85 cents […] Read more
U.S. livestock: CME cattle end firm, consolidate below recent highs
Hogs up on discount to cash price index
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday as the market consolidated just below life-of-contract highs touched a day earlier. Tightening U.S. cattle supplies remain a supportive backdrop to the market, but fresh bullish news was lacking, traders said. Wholesale beef prices fell, extending a seasonal slide dating from […] Read more
U.S. livestock: Chicago hogs turn upward
Cattle futures down on day
Chicago Mercantile Exchange (CME) lean hog futures turned solidly upward Tuesday, a day after most trading months except October booked declines. October lean hogs closed Tuesday at 84.85 cents/lb., up 1.6 cents from Monday, while December closed at 76.25 cents, up 1.825 cents on the day (all figures US$). October hogs had dipped below 82 […] Read more
U.S. livestock: CME cattle touch contract highs on cash prices, tight supplies
Lean hogs mixed in technical trading
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to life-of-contract highs on Friday on firmer cash market prices and tight supplies of market-ready animals, traders said. Feeder cattle futures also posted contract highs across the board, drawing additional support from weaker feed corn prices. Feedlot cattle in the central and southern U.S. […] Read more
U.S. livestock: Tight supply drives CME live cattle to new highs
Hogs down off Wednesday's one-month high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures galloped to new highs on Thursday on short-covering combined with continued concerns about U.S. tight supplies, brokers said. October live cattle futures ended up 2.325 cents at 185.475 cents/lb. after setting a contract high of 185.775 cents/lb. (all figures US$). December live cattle settled 2.5 […] Read more
U.S. livestock: CME cattle futures ease in technical setback after highs
Nearby lean hogs also down on technical selling
Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures retreated on Wednesday in a technical selling and profit-taking setback after hitting highs earlier in the week, traders said. Higher feed corn prices and a weak tone to the cash beef market added pressure, they said. “This is technical after feeder cattle hit […] Read more
U.S. livestock: CME cattle futures end mixed after hitting new highs
CME lean hogs mostly higher
Chicago | Reuters — Most of the Chicago Mercantile Exchange feeder and live cattle futures hit new contract highs again on Tuesday, as tight U.S. supplies and forecast of a strong cash market added fuel to a bull rally, traders said. But by the end of the session, both live and feeder cattle futures were […] Read more
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