Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slid on Tuesday as traders eyed large seasonal hog supplies against uncertain domestic consumption and weak exports. CME October lean hogs settled 2.1 cents lower at 51.425 cents/lb. (all figures US$). “Supplies are large, and there’s always uncertainty about export demand,” said Doug Houghton, analyst […] Read more
U.S. livestock: Lean hog futures pull back on shaky demand
CME October live cattle remain flat
U.S. livestock: Live cattle step back after eight-session climb
Hog sector seen having 'curbed expansion'
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures pulled back on Monday in profit taking ahead of the U.S. Department of Agriculture’s Cattle on Feed report at the end of the week, traders said. Live cattle fell for the first day after eight sessions of gains. The pullback reflects uncertainty about the USDA […] Read more
The challenge for Canadian beef
Battling through hard times in the beef industry
Reading Time: 5 minutes The 2020 pandemic has caused major disruptions in the Canadian beef industry, but with demand for their products remaining steady, producers are hopeful their businesses will survive through to the new year. “A lot of producers are in a pretty tough situation,” says Chad Ross, president of the Saskatchewan Cattle Feeders Association and owner of […] Read more
U.S. livestock: Live cattle rise on higher beef prices, grilling demand
CME October hogs also settle higher
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to advance Friday, supported by increasing beef prices and expectations of continued meat demand going into the Labour Day weekend, traders said. Beef prices usually rise heading into the September holiday, when consumers often barbecue either at home or with family and friends. Beef […] Read more
U.S. livestock: Live cattle gain as slaughter rates, beef exports rise
October lean hogs up three-quarters of a cent
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to rally Thursday, holding to a nearly six-month peak in prices, as exports to China also grew, traders said. China was a big buyer of U.S. beef in the latest week, with sales of 1,927 tonnes for the period through Aug. 6, the most […] Read more
U.S. livestock: Live cattle set five-month high, beef prices rise more
USDA cuts pork production forecast
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures leapt to a five-month high on Wednesday and feeder cattle futures neared a six-month peak as boxed beef prices continued to rise. Meatpackers are paying more for cattle due to the strength of the beef market, traders said. Prices typically rise heading into Labour Day, […] Read more
U.S. livestock: Cattle futures rise with U.S. beef prices
Chicago lean hogs retreat
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures advanced on Tuesday, supported by increasing beef prices, traders said. Beef prices usually rise heading into Labour Day, and there is a feeling the market has bottomed after recent volatility, said Don Roose, president of Iowa-based broker U.S. Commodities. Prices for choice cuts of boxed […] Read more
U.S. livestock: Live cattle up on cash market strength
Lean hog weights 'coming down a little bit'
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Monday, as the cash market strengthened and packers looked to pickup slaughter rates, brokers said. Feeder cattle also gained, while lean hog futures added as producers looked to offload market-weight animals early to reduce feed costs. CME October live cattle added 0.7 cent […] Read more
U.S. livestock: Hog futures rise on good cash market demand
October live cattle close lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday on signs of strength in the cash market after prices had stagnated, traders said. “Recent price weakness uncovered fresh demand, triggering buying on the board this morning that tripped buy stops, accelerating gains,” StoneX chief commodities economist Arlan Suderman wrote in a note […] Read more
U.S. livestock: Cattle, hog futures fall after bearish export reports
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures fell on Thursday, pressured by signs of declining export demand for U.S. supplies. The U.S Agriculture Department on Thursday morning said that beef export sales totaled 15,100 tonnes in the week ended July 30, down 50.8 per cent from the 30,700 tonnes reported a […] Read more
A message from April Stewart, Country Guide's Associate Editor
