GFM Network News


CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME lean hogs down on technical selling, export worries

Chicago cattle futures up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday on technical selling and fears that falling Chinese hog prices point to slowing export demand for U.S. pork, traders said. CME December lean hog futures settled down 1.375 cents at 76.025 cents/lb., after dipping to 75.925 cents and filling a gap on […] Read more

CME October 2021 lean hogs (candlesticks) with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Firm cash markets lift hog futures

Cattle futures extend slide

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Friday as firm U.S. cash markets and rising pork prices underscored tight hog supplies, analysts said. News of the first confirmed cases of African swine fever in farmed pigs in Germany added support, raising uncertainty about pork export flows. However, exports of […] Read more


CME February 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Lean hogs trim as packers work through holiday backlogs

CME cattle futures pressured lower

Chicago | Reuters — U.S. lean hog futures fell on Wednesday as packers work through backlogs caused by holiday shutdowns, analysts said. Daily hog slaughter regained from holiday pace, with 495,000 head processed compared to 472,000 head the week prior, according to U.S. Department of Agriculture data, but was still short of prior year pace. […] Read more

CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures up on cash market optimism

Wholesale pork values support October hogs

Chicago | Reuters — U.S. live cattle futures closed firm on Monday, rallying after a sharply lower open as strong packer margins raised expectations for higher cash cattle trade this week, analysts said. Average beef packer margins rose to $320.18 per head, from $313.25 on Friday, according to livestock marketing advisory service HedgersEdge.com (all figures […] Read more


(iStock/Getty Images)

U.S. livestock: June hogs, cattle plunge limit down

COVID-19 shuts more U.S. meat processors

Chicago | Reuters — U.S. livestock futures tumbled on Monday on worries about declining U.S. meat processing capacity after Smithfield Foods announced Sunday it would indefinitely shut one of its pork plants due to novel coronavirus infections among workers. The closure at Sioux Falls, S.D., affecting four to five per cent of U.S. pork production, […] Read more

(t-lorien/Getty Images)

CME to raise hog futures trading limits as swine fever fuels volatility

New daily limit of 3.75 U.S. cents proposed for mid-April

Chicago | Reuters — CME Group said Thursday it plans to increase daily trading limits for its lean hog futures in April, then adjust them annually because of heightened volatility linked to the outbreak of a fatal pig disease in China. The spread of African swine fever in China, the world’s biggest pork consumer, has […] Read more