Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to a 3-1/2 month peak on Monday, supported by firm cash market prices and tightening supplies. Falling corn feed prices supported feeder cattle futures, while lean hog contracts also gained and touched the highest level since June 2021. CME August live cattle futures peaked […] Read more
U.S. livestock: Cattle futures up with cash prices, tightening supplies
October lean hogs also gain on day
Pork industry sees uptick despite skyrocketing input costs
While returns have improved, the sector has lost about 40 per cent of its farms in the last decade
Reading Time: 4 minutes Hog farming has been a tough slog for years, but matters have improved slightly since the beginning of the pandemic, says the executive director of Alberta Pork. Unfortunately, soaring input costs are running in parallel with higher hog prices, and the industry remains in decline, said Darcy Fitzgerald. There are now an estimated 300 commercial […] Read more
Pork exports could see decline
Reading Time: < 1 minute Global pork exports are expected to fall this year because of reduced demand by China and the Philippines and “ample supply,” notes provincial livestock market analyst Ann Boyda, but there are also opportunities for exporters. “There are growing appetites around the globe and the largest increase in consumption may take place in developing countries,” Boyda […] Read more
U.S. livestock: Hog futures end mixed
Cash markets lift August hogs; live cattle lower, feeder cattle up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mixed on Thursday, with the front August contract gaining against back months as a heat wave in the Midwest and Plains helped support nearby cash hog prices, traders said. CME August lean hog futures settled up 1.425 cents at 116.3 cents/lb. while most-active October […] Read more
U.S. livestock: Hog futures climb, following cash markets
CME live cattle inch up in lacklustre trade
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday, supported by firm cash markets tied to tight supplies of hogs, traders said. Hot weather in the U.S. midsection added support, posing potential disruptions to the transport of animals. CME August lean hog futures settled 2.05 cents higher at 114.875 cents/lb. […] Read more
U.S. livestock: Rising wholesale meat prices lift futures
CME live cattle buck seasonal trends
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended higher on Tuesday as wholesale beef prices rose, bucking seasonal trends and spurring hopes for higher cash cattle prices this week, traders said. CME August live cattle futures settled up 0.1 cent at 135.725 cents/lb. and most-active October ended up 0.5 cent at 141.1 […] Read more
U.S. livestock: Cattle futures weak, hogs slightly higher
Futures gain on the week
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell for the second day in a row on Friday, with expectations that supplies will outstrip demand in the coming months. The most-active August live cattle futures dropped 0.475 cent to settle at 134.925 cents/lb. (all figures US$). The contract fell below its 10-day moving average […] Read more
U.S. livestock: Cattle futures weaken on profit-taking
Hogs fall on technical setback
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Thursday on a round of profit-taking after three straight days of gains, traders said. Signs of weakness in the cash market also weighed on cattle futures. The front-month feeder cattle contract was setting back from its highest since November 2015. Hog futures fell on […] Read more
U.S. livestock: CME feeder cattle rally to highest since November 2015
August live cattle, lean hogs also up
Chicago | Reuters — Chicago Mercantile exchange cattle futures extended gains on Wednesday on follow-through technical buying after rallying in the previous two sessions. Tight supplies remained in focus as the front-month feeder cattle contract hit its highest on a continuous basis since November 2015. “Big picture, the U.S. Agriculture Department still has sharply reduced […] Read more
U.S. livestock: CME live cattle, feeder cattle slump
Deferred-month lean hogs up
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Friday as brokers said steady-to-lower cash prices were seen as disappointing. Feeder cattle futures also finished weaker, under pressure from climbing prices of grain used for livestock feed, brokers said. Traders kept an eye on the cash market, where prices are trading at […] Read more
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