Chicago | Reuters — Chart-based selling drove Chicago Mercantile Exchange lean hog futures lower on Tuesday, brokers said, as the market extended a recent setback. Most-active October lean hog futures fell 0.95 cent, or 1.2 per cent, to settle at 78.2 cents/lb. and touched their lowest price since July 3 (all figures US$). The contract […] Read more
U.S. livestock: Technical selling extends setback in CME lean hogs
Live cattle futures generally sideways
U.S. livestock: CME lean hogs down on technical selling
Cattle futures also lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped to their lowest level in six weeks on Monday on technical selling and ample U.S. supplies, brokers said. The market has pulled back after rising on Aug. 1 to its highest price since March. “Hogs are doing what they do — trying to find […] Read more
U.S. livestock: Cattle futures fall as packers’ profit margins in red
Lean hog futures show gains
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday, as cash cattle prices eased and packers continued to hemorrhage profits and remained reluctant to pay more for animals, analysts and traders said. Meanwhile, lean hog futures firmed as profit margins improved for pork processors. Limited cattle supplies kept a floor under the […] Read more
U.S. livestock: CME cattle firm, hogs mixed
Cattle supply outlook overrides demand concerns
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, buoyed by a round of technical support as the market remained near last week’s highs. Feeder cattle contracts also posted gains, while lean hog futures were mixed Traders said that tight supplies underpinned cattle futures prices despite demand concerns. CME August live […] Read more
U.S. livestock: CME cattle steady to weak
Hogs mixed with demand in focus
Chicago | Reuters — Chicago Mercantile Exchange cattle futures were steady to weak, while hog futures were mixed on Tuesday, with the market pressured by demand concerns as the end of grilling season nears, traders said. August live cattle futures ended unchanged at 179.7 cents/lb. (all figures US$). Most-active October live cattle fell 0.525 cent, […] Read more
Anti-ASF funds designated for Manitoba Pork
Three initiatives will be funded through the federal African swine fever preparedness program
The Manitoba Pork Council’s efforts against African swine fever now have almost $1 million in extra financial padding. On Aug. 3, Agriculture and Agri-Food Canada announced $944,340 in funding for Manitoba’s hog farm group. Funds were provided through AAFC’s African Swine Fever Industry Preparedness Program and were slotted for three initiatives: Squeal on Pigs, increased […] Read more
U.S. livestock: CME cattle firm on steady-higher cash
Lean hog futures regained after softening on Thursday
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Friday, supported by underlying strength in the cash markets and tighter cattle slaughter, analysts said. August live cattle futures LCQ3 added 2.400 cents to 180.900 cents per pound. Most-active October live cattle LCV3 lifted 1.600 cents to settle at 182.900 cents per pound. […] Read more
U.S. livestock: CME live cattle ease despite cash market support
Despite losses, supportive fundamentals remain for live cattle
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Wednesday, pressured by macroeconomic weight as a downgrade that stripped the U.S. of its top credit rating rippled throughout markets, analysts said. Despite losses, supportive fundamentals remain for live cattle. “We’re still going into smaller numbers,” said Joe Kooima, commodity broker at Kooima […] Read more
U.S. livestock: CME live cattle firms on strong cash market
Lean hog futures eased after reaching fresh four-month highs
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures gained on Tuesday, helped by strong cash prices and technical support, analysts said. “Cash market is still hanging in there at $179 to $180 area. More than that in the north. So August was too big of a discount,” said Alan Brugler, president of Brugler […] Read more
U.S. livestock: CME lean hog futures climb on strong demand
SubtitleCattle futures were pressured by softer cash prices and uncertain consumer demand
Chicago | Reuters – Chicago Mercantile Exchange hog futures climbed to nearly four-month highs on Monday, supported by strong demand. “Cash trade got off to a good start. There’s margin out there with where fresh pork values are at. I think that’s helping to move things along,” said Matthew Wiegand, risk management consultant at FuturesOne. […] Read more
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