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U.S. livestock: CME live cattle futures down on long liquidation
Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures down on long liquidation

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell to a six-week low on Wednesday as lower cash beef prices and bearish technical signals prompted a round of long liquidation, traders said. Chicago Mercantile Exchange lean hog futures closed mixed, with nearby contracts turning higher and gaining against back months. Commodity funds hold net long […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets, Reuters

R-CALF suit alleges U.S. packers conspired to suppress fed cattle prices

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Reading Time: 2 minutes Reuters — Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. Tyson Foods, Cargill, the JBS USA unit of Brazil’s JBS and National Beef Packing […] Read more
CME April 2020 live cattle with 20- and 50-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Feeder market remains volatile

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3-$5 on either side of unchanged. Many auction barns were closed last week and the ones holding sales had smaller numbers. Quality packages of yearlings were on the higher end of the range while smaller groups of fleshier replacements were discounted. Alberta feedlots were focusing […] Read more
Photo: iStock/File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Lean hog futures lower, live cattle follow suit

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Reading Time: 2 minutes Chicago | Reuters – U.S. hog futures declined on Monday on a mix of softer cash hog prices and technical selling after a run-up to contract highs earlier this month, traders said. Chicago Mercantile Exchange live cattle futures followed hogs lower. The benchmark June lean hogs contract fell roughly 3 percent, settling down 2.975 cents at 93.775 […] Read more
“For people small and starting out, you have to have relationships,” Ray Price says. “Whether it’s family, friends, bankers or workers… you have to find places to have relationships.”
Guide Business, Hogs

The look of leadership

Known for Sunterra’s bold, future-looking moves, what traits does Ray Price see in the farmers he thinks can up their game for the 2020s?

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Reading Time: 9 minutes If Japan starts handing out honourary citizenships, you better believe Ray Price will be on their short list. Already, the Alberta-born farm boy has been to the Land of the Rising Sun more than 100 times representing Sunterra, the Price family’s storied, successful and diversified business. The Prices export a majority of their pork directly […] Read more
CPF’s purchase of HyLife aims to improve its product portfolio for the Chinese market and expand its U.S. presence. Photo: Thinkstock
Hogs, Reuters

Thai CPF to acquire Canadian pork producer HyLife for $372 million

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Reading Time: < 1 minute Bangkok | Reuters – Charoen Pokphand Foods Pcl (CPF), Thailand’s largest agriculture conglomerate, said on Monday it would acquire Canadian pork producer HyLife Investments for C$498 million ($372.7 million) to expand its North American business. The acquisition would make CPF a 50.1 percent owner of HyLife, with the remainder held by its Japanese partner, Itochu […] Read more
(Photo courtesy ARS/USDA)
Hogs, Reuters

China finds more cases of African swine fever on Hainan island

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Reading Time: < 1 minute Beijing | Reuters – China has detected new cases of African swine fever in six farms across four locations in Hainan province, the agriculture ministry said on Sunday, adding to two earlier cases of the contagious disease identified in the province on Friday. The disease, which is fatal to pigs but harmless in humans, has […] Read more
CME December 2019 lean hogs with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Deferred hog futures set contract highs for fourth day

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Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back. Deferred feeder cattle futures also set contract highs. An outbreak of African swine fever in China fueled the temporary advances in deferred hog […] Read more

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