Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange slid on Friday to end the week lower as cash markets stalled, despite strong slaughter rates. “The weekly kill came in much larger than expected,” said Dennis Smith, commodity broker at Archer Financial. “I suspect that will change the tone of the cash […] Read more
U.S. livestock: CME cattle futures end week lower
June hogs firm, April lower
U.S. livestock: CME cattle ease on ample supply, flat cash offers
Flat cutout values drag on hogs
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange fell on Thursday, pressured by ample cattle supplies that offer little incentive for packers to bid up the cash market. “The supply of market ready cattle is a little less than last year, but it’s still plentiful. It just doesn’t seem like the […] Read more
U.S. livestock: CME cattle, hogs firm
Futures supported by cash markets
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange lifted on Wednesday, supported by cash cattle prices that pulled up nearby futures markets. “We just got below the cash market,” said Alan Brugler, president of Brugler Marketing. “That was an argument to try the long side.” The nearby April live cattle contract […] Read more
U.S. livestock: CME lean hogs retreat off contract highs
Corn's climb drags on cattle futures
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange closed lower on Thursday, shrugging off early support from a bullish U.S. government hog inventory report as traders appeared to focus instead on profit-taking at the end of the quarter and disappointing wholesale pork prices, traders said. CME benchmark June lean hogs settled […] Read more
JBS says U.S. domestic and international businesses to remain strong
Sao Paulo | Reuters — Brazilian meatpacker JBS, which operates multiple food processing facilities in the U.S. and one of Canada’s largest beef packing plants, said its North American operations will continue to drive performance. Speaking at a conference call to discuss fourth-quarter results, management said JBS will benefit from strong U.S. domestic demand for […] Read more
U.S. livestock: CME cattle rise on weaker feed values
Lean hog futures slip
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Friday as nearby grain futures slumped, even as the cash trade continued to be disappointing and investors kept a close eye on diplomatic efforts to end Russia’s invasion of Ukraine, traders said. CME cattle futures were also supported as retail demand for beef perked […] Read more
Saskatchewan to license, limit wild boar farming
Moratorium placed on any new farms
Saskatchewan is tightening its rules on wild boar farming, including a moratorium on any new farms, in a renewed bid to keep the province’s feral pig population in check. The provincial ag ministry announced the moratorium Wednesday and said it’s “developing regulations for licensing existing commercial wild boar farms.” Regulations for wild boar and feral […] Read more
Canada allows Brazilian beef and pork, Brazil ag minister says
Updated, March 15 — Reuters — Canada has approved the importation of beef and pork from Brazil, which had been blocked over health concerns, authorities from both countries said on Monday. “We are in Ottawa and have just left the Canadian Ministry of Agriculture with … great news: the opening up of the country’s pork […] Read more
U.S. livestock: CME hogs, cattle rise as grain markets stabilize
Bargain buying supports cattle
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday, supported by technical buying, traders said. Cattle futures also were firm, bouncing back from two days of declines on some end-of-week bargain hunting. Signs of stability in the grain and soy markets after wild volatility since Russia’s invasion of Ukraine added support to […] Read more
U.S. livestock: Cattle down on cash weakness, technical selling
Chicago lean hogs mixed
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Thursday, with weakness in the cash markets pressuring futures, traders said. Some follow-through selling in cattle also was noted after sharp declines on Wednesday, Pork futures were mixed, with the most-active April contract falling after a government report showed a sharp drop in exports […] Read more
Cyber-Savvy Farmer
