Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended slightly higher on Monday, ending a seven-day losing streak, supported by stronger wholesale pork product prices while cash hog prices weighed, traders said. April closed just 0.1 cent per pound higher at 62.2 cents, while May ended unchanged at 71.425 cents (all figures US$). Monday […] Read more
U.S. livestock: CME lean hogs edge up, live cattle end lower
U.S. livestock: CME hog futures end weaker, but off lows
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs extended losses for a seventh consecutive session Friday on downward-trending cash and wholesale pork prices, traders said. April closed 0.2 cent per pound weaker at 62.1 cents, and May 0.825 cent lower at 71.425 cents (all figures US$). Friday morning’s average market-ready or cash hog price […] Read more
U.S. livestock: CME hog futures pare losses but remain weaker
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed lower for a sixth straight session on Thursday, and set fresh contract lows, plagued by a host of bearish fundamentals, traders said. April closed 1.825 cents per pound lower at 62.3 cents, and earlier made a new contract low of 61.125 cents in electronic trading […] Read more
U.S. livestock: CME hog futures slump on strong dollar, bird flu woes
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell three per cent Wednesday, with deferred contracts making new lows, on the strong dollar and bird flu in Arkansas, traders said. The U.S. Department of Agriculture on Wednesday confirmed the case of highly pathogenic avian influenza in a commercial turkey flock in Arkansas. Investors […] Read more
Wild boar must be PigTrace-compatible by July 1
Reading Time: 2 minutes Canada’s farmed wild boar industry has almost four months left to get ready for the same mandatory identification, record-keeping and movement reporting rules as the mainline hog industry. The Canadian Food Inspection Agency on Monday put out a reminder to all pork producers that they and other “pig custodians,” such as breeders, auction markets and […] Read more
U.S. livestock: CME live cattle futures mixed as dollar, stocks weigh
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed mixed on Tuesday, with nearby futures helped by their discounts to recent cash prices, while back months bowed in part to outside market pressure. April closed 0.75 cent/lb. higher at 154.75 cents, and June up 0.1 cent at 146.25 cents (all figures US$). August […] Read more
U.S. livestock: Profit-taking undermines CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Monday, pressured by profit-taking and funds that sold or “rolled” April contracts and simultaneously bought deferred months, traders said. Funds involved in CME’s livestock markets that follow the Standard + Poor’s Goldman Sachs Commodity Index (S+P GSCI) shifted their April positions in a […] Read more
U.S. livestock: CME live cattle futures jump with cash prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Friday, driven by short-covering in response to strong preliminary cash prices, traders said. April closed 1.375 cents per pound higher at 154.65 cents, and June ended up 1.075 cents at 147.1 cents (all figures US$). A small number of market-ready (cash) cattle in […] Read more
U.S. livestock: CME hogs drop with cash, wholesale pork prices
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs turned lower on Thursday, pressured by weaker cash and wholesale pork prices, traders said. April and June closed 1.175 cents per pound lower at 66.825 cents and 77.45 cents, respectively (all figures US$). Wholesale pork prices slumped $1.49 to $68.49 per hundredweight (cwt) on Thursday morning […] Read more
Australia clears JBS bid for pork firm Primo
Reading Time: < 1 minute Sydney | Reuters — Australian regulators have approved a bid by the U.S. arm of Brazilian beef giant JBS to acquire Australian Consolidated Food Holdings Pty. Ltd. (Primo) for an undisclosed sum, Treasurer Joe Hockey said on Wednesday. The approval by Australia’s Foreign Investment Review Board (FIRB), subject to conditions at Primo’s abattoir, allows the […] Read more
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