Reading Time: < 1 minute CNS Canada — Feedlot demand for cash barley is weakening slightly as cattle producers prepare to turn animals loose on pastures, but prices are still hanging in there, according to one participant. “Farmers aren’t really selling a whole lot at these levels,” said Allen Pirness of Market Place Commodities in the feedlot alley near Lethbridge, […] Read more
Feed barley feeling ‘downward sag,’ trader says
U.S. livestock: CME live cattle gain fades as funds roll positions
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, paring early advances, after funds sold or rolled their June positions and bought deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted June long positions further back in a procedure known as the “roll” by followers […] Read more
U.S. livestock: CME live cattle jump on cash prices
Reading Time: < 1 minute Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed up sharply on Friday, fuelled by better-than-expected prices for market-ready cattle, traders said. June ended 2.125 cents higher at 151.5 cents per pound, and August 1.55 cents, to 149.825 cents (all figures US$). On Friday, cash cattle in Kansas and Nebraska traded at $161 […] Read more
U.S. livestock: Profit-taking ends CME hogs’ three-day uptrend
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures finished lower Thursday on profit-taking after three consecutive days of gains, traders said. May hogs closed 0.5 cent per pound lower at 79.85 cents, and June down 0.55 cent to 83.5 cents/lb. (all figures US$). Despite strong pork cutout values, investors were nervous about further […] Read more
U.S. livestock: Bullish fundamentals extend CME hog gains
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures gained for a third straight session on Wednesday, backed by rising cash and wholesale pork prices, traders said. May hogs closed 1.35 cents higher at 80.35 cents per pound, and June was up 1.3 cents to 84.05 cents/lb. (all figures US$). Wednesday morning’s average market-ready […] Read more
U.S. livestock: Improved beef prices take CME live cattle higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, helped by rising wholesale beef values, traders said. June ended 0.725 cent per pound higher at 151.45 cents, and August was up 0.775 cent at 149.9 cents (all figures US$). Tuesday morning’s wholesale choice beef price climbed $1.33 per hundredweight (cwt) […] Read more
U.S. livestock: CME live cattle rebound with beef prices
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Monday, shrugging off Friday’s weakness, helped by short-covering following the turnaround in wholesale beef prices, traders said. Monday morning’s choice wholesale beef price rose $1.70 per hundredweight (cwt) from Friday to $256.34/cwt (all figures US$). Select cuts climbed $1.94, to $245.16, the U.S. […] Read more
Maple Leaf results improve as Toronto plant shuts
Reading Time: 2 minutes Maple Leaf Foods booked improved sales and margins for its first fiscal quarter as the last of its further-processing plants slated for closure in 2011 completed its last production run. The Toronto meat processing firm on Thursday reported a net loss of $2.86 million on sales of $720.25 million for its quarter ending March 31, […] Read more
Hog farmers more likely to carry resistant bacteria, U.S. study shows
Reading Time: 2 minutes Chicago | Reuters — Hog farmers are six times more likely than the general population to carry an infectious bacteria that can cause skin and respiratory problems and resists treatment from multiple drugs, according to a new U.S. research study. The study, published this week in the online journal Clinical Infectious Diseases, is the largest-ever […] Read more
U.S. livestock: Profit-taking snaps hogs’ six-day streak
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs settled lower on Friday, pressured by profit-taking before the weekend that snuffed their six-session rally, traders said. May closed 0.95 cents per pound lower at 76 cents, and June was down 0.175 cent at 81.25 cents (all figures US$). Some prospective buyers were leery of deferred […] Read more
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