Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed lower on Monday pressured by concerns about consumer demand and a seasonal uptick in supply, while last week’s higher cash trade limited losses, analysts and traders said. April closed 0.575 cent per pound lower at 162.45 cents and June closed 1.625 cents/lb. lower at 151.75 […] Read more
U.S. livestock: CME live cattle futures end down, hogs up
Que. Olymel workers approve deal to end strike
Reading Time: 2 minutes Unionized workers at meat packer Olymel’s hog slaughter and packing plant in Quebec’s Beauce region are heading back to work after voting to accept a new six-year labour deal. Out of about 940 striking workers at the Vallee-Jonction hog plant represented by CSN (Confederation des syndicats nationaux), 816 met Friday at nearby Tring-Jonction and voted […] Read more
U.S. livestock: CME live cattle end up, hogs mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday as expectations of steady-to-higher cash trade later this week lifted futures, traders said. April closed 1.225 cents per pound higher at 163.025 cents and June closed 1.15 cents/lb. higher at 153.375 cents (all figures US$). “The market is anticipating better cash cattle […] Read more
Que. conciliator to meet with striking Olymel staff
Reading Time: < 1 minute A conciliator with Quebec’s provincial labour ministry is set to meet Friday with striking employees from meat packer Olymel’s Beauce-region hog slaughter plant. The Vallee-Jonction plant’s 940-odd employees represented by CSN (Confederation des syndicats nationaux) walked off the job on March 18. Union and company officials have been in talks with the provincial conciliator, Jean […] Read more
U.S. livestock: CME live cattle futures mixed
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange front-month live cattle closed higher on Wednesday, supported by the anticipation of steady to higher cash trade later this week, traders said. April closed 0.5 cents per pound higher at 161.825 cents and June closed 0.05 cent lower at 152.275 cents (all figures US$). Last week, cash cattle […] Read more
U.S. livestock: CME live cattle futures finish lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower Tuesday on profit-taking on the final trading session of the quarter, traders said. April closed 1.175 cents per pound lower at 161.325 cents, and June 0.65 cent lower at 152.325 cents (all figures US$). In a trading strategy known as bear spreading, investors sold […] Read more
U.S. livestock: CME hogs close firm after USDA report
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs gained modestly on Monday, helped by short-covering and deferred-month buying pegged to Friday’s U.S. Department of Agriculture quarterly hog report, traders said. Last Friday’s report showed active herd expansion during the December-February quarter that slowed as producer profits waned. Nearby hog futures bounced around throughout the […] Read more
USDA hog report confirms active herd growth as PED fears ease
Reading Time: 2 minutes Reuters — The U.S. hog herd grew seven per cent during the December-February quarter versus the same period last year, a U.S. Department of Agriculture report showed on Friday, reflecting producer profitability and the less-severe porcine epidemic diarrhea (PED) virus, said analysts. Hog farmers willingly expanded their herds after vaccines and tighter biosecurity measures offset […] Read more
U.S. livestock: CME hogs mixed before USDA report
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled narrowly mixed Friday on positioning prior to the U.S. Department of Agriculture’s quarterly hog report at 2 p.m. CT, traders said. Analysts expect Friday’s report to confirm active herd expansion during the last quarter. April and May closed up 0.15 cent per pound, to […] Read more
U.S. livestock: CME hogs bounce with pork price, live cattle sag
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Thursday, driven partly by short-covering following a spike in wholesale pork values, traders said. April closed 1.15 cent per pound higher at 60.975 cents, and May up 1.5 cents at 68.025 cents (all figures US$). The morning’s wholesale pork price jumped $1.51 per […] Read more
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