Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures firmed on Thursday, after China lowered its sow herd targets in an effort to ensure supply and stabilize prices. China’s ministry of agriculture and rural affairs said the target for its sow herd was now around 41 million head for 2021-2025 and should be […] Read more
U.S. livestock: CME lean hogs firm on China’s herd restrictions
Cattle mixed to lower ahead of report
U.S. livestock: CME live cattle follow packer demand down
Lean hog futures also lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, pressured by weak cash cattle trade as packer demand remains light, analysts said. “The lack of bids is daunting,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. Kooima noted packers have enough cattle purchased on negotiated contracts to meet […] Read more
U.S. livestock: CME live cattle end mixed, hogs lower
Futures under pressure as equity markets slump
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Monday as late-session bargain buying only partly offset pressure from adequate cattle supplies and global economic concerns that threatened to blunt demand for beef. “The cattle market can’t seem to catch a break. Boxed beef has been trending down and there are […] Read more
U.S. livestock: CME hogs extend gains in recovery from slide
Cattle futures follow boxed beef lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday extended a rebound from a selloff that dragged the market to its lowest prices since February this week, while cattle futures sagged. The hog market was due for a correction to the upside after the most-active December contract fell 13.5 per cent from […] Read more
U.S. livestock: CME lean hog futures rise from February low
December live cattle close lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Thursday, as the market recovered from a decline to its lowest prices since February. Technical buying helped support prices, while concerns about waning U.S. pork exports continue to hang over the market, analysts said. The U.S. Department of Agriculture reported 2021 export sales […] Read more
U.S. livestock: Nearby hogs up in rebound off six-month low
CME cattle futures slide
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher in nearby contract months on Wednesday, as the market rebounded from a drop to its lowest prices in more than six months. Most-active December hogs recovered after dropping 12.5 per cent since the start of the month on concerns about slowing U.S. pork […] Read more
U.S. livestock: CME hogs hit six-month lows
Chicago cattle futures rebound
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped to their lowest prices in more than six months on Tuesday, while cattle futures recovered a day after hitting June lows on concerns about a fire at a major Nebraska beef plant. The hog market extended recent losses under pressure from concerns about the […] Read more
U.S. livestock: CME cattle drop as fire closes JBS plant
Lean hogs extend slump
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell to their lowest prices since June on Monday on concerns that U.S. ranchers could temporarily lose a place to deliver their livestock for slaughter after a fire damaged a JBS USA beef plant. JBS, owned by Brazilian firm JBS SA, halted production at the plant […] Read more
Upgraded Olymel hog plant’s second shift begins
Ange-Gardien plant's slaughter pace to rise by up to 40 per cent
A promised second shift is now up and running at a major hog plant in Quebec’s Monteregie and is expected to eventually boost the plant’s weekly slaughter capacity by up to 40 per cent. Plans for a second shift at Olymel’s packing plant at Ange-Gardien, about 50 km east of Montreal, have been in the […] Read more
U.S. livestock: CME hog futures fall as pork demand softens
CME cattle down despite firmer cash trade
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the sixth consecutive day on Friday, pressured by lower pork demand coinciding with larger hog supplies, analysts said. The hog market also felt the effects of investment funds liquidating long positions, traders said. “We saw a fair amount of weakness. This market has been […] Read more
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