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Livestock, Markets, Reuters

JBS parent pleads guilty to U.S. foreign bribery charges

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Reading Time: 2 minutes New York/Rio de Janeiro | Reuters — Brazil’s J+F Investimentos, parent company of the world’s largest meatpacker, JBS, pleaded guilty to U.S. foreign bribery charges and agreed to pay US$128.25 million in criminal fines, prosecutors said on Wednesday. J+F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian […] Read more
CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rebound on wholesale strength

Softening cash market drags on hog futures

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, correcting after the biggest drop since June 30, amid a stronger wholesale market, traders said. Lean hogs stepped back for a second day, reflecting a softer cash market, while feeder cattle followed the cash market higher. Chicago Mercantile Exchange December live cattle futures added […] Read more
CME January 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Feeder market digests rising COVID-19 cases

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Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded steady to $2 lower on average. The grain harvest is in its final stages and buying interest was noted from the farmer/backgrounding operator. The buying frenzy over yearlings has eased and finishing feedlots were active on all weight categories. Feather-light calves […] Read more
CME December 2020 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures slip on seasonal pressure

Slaughter backlogs remain a drag on live cattle

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by a softening in seasonal demand and the continued impact from backlogs at slaughterhouses, traders said. Lean hogs also eased on profit taking, while feeder cattle also followed live cattle for a loss. CME October live cattle futures fell 1.525 cents, to 108.35 […] Read more
CME December 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Domestic demand boosts hog futures

Feed grain prices drag on feeder cattle

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Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures leapt to their highest price since May 2019 on Friday on strong domestic demand for pork, while feeder cattle futures tumbled to a three-month low. Gains in the swine market extend a rally driven by rising cash prices for hogs and demand from consumers. “Domestic demand has been […] Read more
CME October 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures hit highest since August 2019

U.S. beef export sales down on week

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Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures rose to their highest in more than a year on Thursday, as consumer demand for pork remained robust even as the weather turned cooler. The front-month hog contract has risen for seven days in a row. “The domestic demand is just on fire,” said Don Roose, analyst with […] Read more
(Sansubba/iStock/Getty Images)
Livestock, Markets, Poultry/Eggs, Reuters

U.S. indicts six more chicken-industry execs over alleged price fixing

Case alleges executives conspired to inflate prices for broilers

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Reading Time: 2 minutes Chicago | Reuters — The U.S. government has indicted six more chicken-industry executives over alleged price-fixing, broadening antitrust prosecutions in its probe of the US$65 billion poultry sector. In June, the Justice Department indicted Pilgrim’s Pride CEO Jayson Penn and three others in its first charges in the criminal probe involving broiler birds, which account […] Read more
CME October 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures up on pork demand, cash prices

November feeder cattle touch lowest level since July 2

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Reading Time: 2 minutes Chicago | Reuters –– U.S. hog futures extended gains on Wednesday and the front-month contract reached its highest price in about a year due to strength in the cash market, traders said. Solid pork demand has underpinned cash prices in the face of large hog supplies. The U.S. pork cutout, an indication of wholesale pork […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Cash market strength boosts hog futures

Cash cattle values also boost live cattle

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Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures rose to their highest in more than a year on Tuesday, rallying to keep pace with recent gains in the cash market. The cash market strength stemmed from continued good demand even as the traditional U.S. grilling season draws to a close with the weather turning cooler. “There’s […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Hogs, Livestock, Markets

Strong demand, lower supplies support North American hog prices

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Reading Time: 2 minutes MarketsFarm — Hog prices in North America typically come under pressure heading into fall, as the end of barbecue season coincides with more hogs coming to slaughter. However, strong global demand has propped up hog prices in recent weeks, with cash prices increasing by over 25 per cent. Fewer hogs coming to market, coupled with […] Read more

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