Chicago | Reuters — Chicago Mercantile Exchange cattle futures were higher on Wednesday, extending earlier small gains after government supply reports showed fewer-than-expected U.S. cattle supplies, traders said. U.S. Department of Agriculture monthly Cattle on Feed data showed 11.692 million cattle in U.S. feedlots as of Nov. 1. That figure was three per cent higher […] Read more
U.S. livestock: Cattle futures rally after bullish USDA data
U.S. livestock: Hogs fall after contract highs on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled three per cent on Tuesday, reversing after hitting contract highs as investors locked in profits ahead of Thursday’s U.S. Thanksgiving Day holiday, traders said. Hog futures had gained in eight out of the past nine sessions on hopes of stronger pork demand, especially in […] Read more
U.S. livestock: Hogs rise to contract highs on export optimism
Chicago | Reuters — U.S. lean hog futures rose to life-of-contract highs on Monday, extending steep gains from last week on optimism for robust exports of U.S. pork due to the worsening African swine fever virus outbreak in China, traders said. China, the top world hog producer and pork consumer, has culled its swine herd […] Read more
U.S. livestock: Lean hogs limit up on swine fever fears
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged on Friday and the three most active contracts closed up their daily trading limit on rising concerns about the spread of African swine fever in China, traders said. Technical buying accelerated gains, lifting several deferred-month contracts to life-of-contract highs. “African swine fever fears are […] Read more
U.S. livestock: Hogs rise on technical buying, demand outlook
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed for a fourth straight session on Thursday, lifted by technical buying and good demand for pork, traders said. Persistent concerns about the spread of African swine fever in China, the world’s top hog and pork producer, also underpinned prices as forecasts for big global […] Read more
U.S. livestock: Live cattle slip on weak cash outlook, lower beef
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Wednesday as a weak tone to the cash cattle market and lower beef prices anchored futures, traders said. Lower equities markets also cast a shadow over cattle futures as the Dow Jones Industrial Average fell for a fourth consecutive day, raising concerns about […] Read more
U.S. livestock: Feeder cattle rally from five-month low in technical bounce
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures rallied from five-month lows on Tuesday in a short-covering and technical-buying bounce, traders said. Live cattle futures followed feeders higher, although gains were clipped by limited packer demand for U.S. Plains feedlot cattle ahead of next week’s shortened Thanksgiving holiday week slaughter. Actively traded January […] Read more
U.S. livestock: Hogs rally on demand outlook, swine fever concern
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied more than one per cent on Monday on improving seasonal demand for pork and on concerns about the spread of African swine fever in China, traders said. Live cattle futures, meanwhile, were mostly lower on seasonally easing demand and as traders unwound intermarket spreads […] Read more
U.S. livestock: Cattle futures ease ahead of USDA report
Chicago | Reuters — Chicago Mercantile Exchange livestock futures were lower on Friday, with both live cattle and lean hogs easing on worries that U.S. supplies were growing faster than demand, traders and analysts said. Cattle futures declined ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report, which was released after the […] Read more
Canadian cattle’s access to Philippines restored
The regulatory path has been cleared to resume exports of live Canadian cattle to the Philippines, reopening a market worth an estimated $8 million per year. The federal government on Monday announced the resumed export clearance, along with new market access for Canadian sheep and goat genetics exports to both Indonesia and the Philippines. The […] Read more
Cyber-Savvy Farmer
