Photo: Canada Beef

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange lean hog futures set a contract high on Thursday as strong cash prices supported the market, analysts said. After the trading session ended, the U.S. Department of Agriculture said in a quarterly report the nation’s inventory of hogs and pigs on September 1 was 74.5 million head, down […] Read more












Photo: Geralyn Wichers

U.S. livestock: Live cattle drop as beef prices, packer margins erode

Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on Wednesday on long liquidation by funds and as sinking beef prices and eroding packer margins weighed on the market. Feeder cattle futures also retreated in a technical correction after four consecutive sessions of gains that were fueled by concerns over tightening U.S. supplies. “We […] Read more