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U.S. livestock: CME hogs limit down, retreating from last week’s top
Livestock, Markets, Reuters

U.S. livestock: CME hogs limit down, retreating from last week’s top

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Reading Time: 2 minutes Chicago | Reuters — Most months of Chicago Mercantile Exchange lean hog futures closed down the daily three-cent trading limit on Tuesday on softening cash markets and profit-taking following contract highs set last week, analysts said. “The cash market has slowed down. It was down a little yesterday and the carcass values were weaker this […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market incorporates risk premium

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Reading Time: 2 minutes Fed and feeder cattle markets have incorporated a risk premium due to the uncertainty in beef production. Adverse weather has plagued much of the U.S. Midwest over the past couple of months and the six- to 10-day forecast calls for above-normal precipitation. Compared to last week, western Canadian yearling markets traded $2-$3 higher on average […] Read more
U.S. livestock: CME hogs lower as rally pauses
Livestock, Markets, Reuters

U.S. livestock: CME hogs lower as rally pauses

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mostly lower on Monday as softening cash hog prices sparked a round of profit-taking after Friday’s contract highs, traders said. “Cash prices stopped moving higher at a rapid clip, so everyone is taking a step back,” said Altin Kalo, agricultural economist for New Hampshire-based […] Read more
CME June 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures rise again with swine fever in focus

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mostly higher on Friday as speculators continued to push prices higher due to concerns about African swine fever in China, traders said. The spread of the deadly virus has raised expectations of a pick-up in demand from China, the world’s top pork buyer. “The […] Read more
‘Piggy’ greets visitors at the entrance to Mogens and Bente Dall’s property in southern Denmark.
Guide Business, Livestock

The two sides of Denmark

They share so much, but under it all the Peterson and Dall farms have made some very different choices

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Reading Time: 9 minutes Two farmers; two philosophies. Jorgen Popp Peterson and Mogens Dall are hog farmers in southern Denmark. Both are 55 years old. Each has adult children, both wives work off-farm, and each man is also heavily involved in politics, and on agricultural councils as well. But amid the similarities, there is this great difference. One farms […] Read more
CME June 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures extend rally as African swine fever spreads

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Thursday for the third day in a row, supported by expectations that the spread of deadly African swine fever in China would boost demand from the world’s top pork buyer. The most-active June hogs contract closed up three cents, the daily trading limit. […] Read more
CME May 2019 hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs rally on hopes for increased exports to China

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures charged higher on Wednesday, with the May contract surging 5.4 per cent, on hopes for a trade deal with China that would boost exports to the world’s largest consumer of pork. “U.S.-China trade talks restart in D.C. today and most accounts have those negotiations going […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock

Few herds remain in B.C. bovine TB probe

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Reading Time: 2 minutes The federal investigation into an outbreak of bovine tuberculosis affecting four animals in a domestic British Columbia cattle herd has pulled back to include just seven properties. As of Monday, the Canadian Food Inspection Agency’s probe included one herd each in B.C. and Saskatchewan and four herds in Alberta under movement controls, along with the […] Read more
U.S. livestock: June hogs limit up on swine fever concerns
Livestock, Markets, Reuters

U.S. livestock: June hogs limit up on swine fever concerns

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rallied on Tuesday, with some contracts closing up their daily trading limit, as expectations for a bump in export deals to China, traders said. The gains were ignited by the announcement on Monday by China’s agriculture ministry that African swine fever has been found […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market balancing many variables

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Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded steady to $3 higher while calves were $4 lower to $5 higher depending on the region. Weakness in the live and feeder cattle futures contributed to the variable price structure; however, Alberta packers were buying fed cattle in the range of $268-$270 on a dressed basis, […] Read more

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