Chicago | Reuters — U.S. lean hog futures rose to a two-month high on Monday as cash prices extended their climb on strong demand from the expanded pork processing sector, traders and analysts said. Two new hog slaughterhouses that opened about a month ago in Iowa and Michigan have boosted hog demand while wholesale pork […] Read more
U.S. livestock: Hogs at two-month high on packer demand
U.S. livestock: Cash, pork prices send CME hogs higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second day in a row on Tuesday, strengthened by upward-trending prices for market-ready, or cash, hogs and the morning’s firmer wholesale pork values, said traders. They said October futures led advances after investors actively bought that contract and simultaneously sold deferred months, […] Read more
U.S. livestock: CME live cattle sag with cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a second straight day on Thursday, pressured by fallen cash and wholesale beef values, said traders. June, which will expire on June 30, closed 0.875 cent/lb. lower at 118.625 cents (all figures US$). Most actively-traded August finished 1.075 cents lower at 114.275 cents. […] Read more
U.S. livestock: Hogs hit one-year high as pork prices extend gains
Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday, with the front-month contract rising to the highest levels in a year on support from rising prices for wholesale pork, traders and analysts said. Chicago Mercantile Exchange July lean hogs notched life-of-contract highs for the third straight session as investors continued to […] Read more
U.S. livestock: Hogs surge to one-year high
Chicago | Reuters — U.S. hog futures surged as much as four per cent on Monday, lifted by investment fund buying and higher pork prices that boosted meatpackers’ profit margins, traders and analysts said. Hogs on a continuous chart rose to the highest levels since last June 23. Most-active Chicago Mercantile Exchange August lean hog […] Read more
U.S. livestock: Live cattle hit seven-week high on packer margins
CORRECTED, March 17 — Chicago | Reuters — U.S. live cattle futures rose to a seven-week high on Thursday, boosted by recent gains in beef prices that increased profit margins for meat packers, traders and analysts said. Technical buying also was noted, with some investors buying back positions in front-month Chicago Mercantile Exchange April live […] Read more
Record U.S. hog slaughter puts pressure on Canadian pork prices
CNSC/Winnipeg – A record week for U.S. slaughterhouses is weighing on hog prices in Canada. According to the USDA, hogs slaughtered under federal inspection for the week ended November 5 were pegged at 2.532 million head, which is an all-time record. That number is also up 7.2 per cent from the 2.362 million head processed a […] Read more
Cash hog market benefits from barbecue season
CNS Canada –– The Canadian hog market is gearing up to start bringing home the bacon. Weekly cash hog prices are higher on continued stronger seasonal pork cutout values, with lower supply creating better prices. “Prices generally do increase over the summer,” said Brad Marceniuk, a provincial livestock economist in Saskatoon. “I expect hog prices […] Read more
Beijing to release frozen pork to temper price rise
Beijing | Reuters –– Beijing will release 3.05 million kilograms of frozen pork from its reserves over the next two months to combat rising pork prices, the city government said on Wednesday. Starting from Thursday and lasting until July 4, the Beijing municipal government will sell 50,000 kg of pork each day to 121 supermarket chains […] Read more
U.S. livestock: Hogs fall to 10-week lows on pork price losses
Chicago | Reuters — U.S. lean hogs tumbled to the lowest in 10 weeks on Friday as pork price declines triggered selling by technical traders and investment funds, traders and analysts said. Hogs fell more than one per cent at the Chicago Mercantile Exchange, led by losses in deferred contracts such as June and August […] Read more
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