Reading Time: < 1 minute Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange closed lower on Wednesday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s quarterly hog inventory report. However, traders said the government data, released after the close, was supportive for futures. USDA reported the U.S. hog herd as of March 1 […] Read more
U.S. livestock: CME hog futures end lower
USDA inventory data seen supportive
Quebec group seeks to sue beef packers over pricing
Group's class-action application alleges price-fixing dating back to 2015
Reading Time: 2 minutes A Quebec consumer protection group intends to launch a class action lawsuit against four major beef processors in Canada and the U.S., alleging a “meat pricing conspiracy.” “At a time of high inflation, it is unacceptable to make the price of beef even more expensive than it already is,” Sylvie De Bellefeuille, a lawyer for […] Read more
U.S. livestock: CME cattle futures rise as grains fall
Hogs ease ahead of USDA data
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Tuesday with the benchmark June contract hitting a four-week top, led by a surge in feeder cattle futures and optimism about consumer demand for beef, traders said. CME June live cattle settled up 1.7 cents at 138.475 cents/lb. while May feeder […] Read more
U.S. livestock: CME lean hogs climb on firm cash
Cattle futures end lower
Reading Time: 2 minutes Chicago | Reuters — Benchmark June lean hog futures on the Chicago Mercantile Exchange rose on Monday, setting a life-of-contract high on firm cash hog prices and expectations of tightening supplies. CME June hogs settled up 0.2 cent at 126.05 cents/lb., paring gains after reaching a contract top of 126.875 cents (all figures US$). The […] Read more
U.S. livestock: Hogs set new contract highs with supplies in focus
USDA shows more cattle on feed
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Friday, with most contracts setting new highs as strong prices for pork and concerns about supplies underpinned the market. Most-active June lean hog futures jumped 3.775 cents to finish at 125.85 cents/lb., closing above the high end of its 20-day Bollinger range after facing […] Read more
U.S. livestock: Hog futures ease after hitting contract highs
Chicago cattle futures firm
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures were mostly lower on Thursday as traders locked in profits after many contracts rallied to fresh highs on Wednesday. Weak exports of pork added pressure to the hog market. Most-active June lean hog futures eased 0.9 cent to finish at 122.075 cents/lb. (all figures US$). The […] Read more
U.S. livestock: CME hogs rally on pork price, cash market strength
Cattle futures also up on day
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Wednesday, with the most-active June contract jumping 2.4 per cent and hitting an all-time high, supported by rising pork prices and strength in the cash market. CME April lean hog futures rose 2.3 cents to end at 102.55 cents/lb. (all figures US$). Most-active June […] Read more
U.S. livestock: CME hog futures mixed
CBOT cattle futures weak
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures were mixed on Tuesday, with deferred contracts firming on expectations that supplies will remain tight until the summer, traders said. The front-month hog contract eased on follow-through selling after hitting technical resistance and closing well below its peak on Monday. Cattle futures also were weaker, pressured […] Read more
JBS says U.S. domestic and international businesses to remain strong
Reading Time: 2 minutes Sao Paulo | Reuters — Brazilian meatpacker JBS, which operates multiple food processing facilities in the U.S. and one of Canada’s largest beef packing plants, said its North American operations will continue to drive performance. Speaking at a conference call to discuss fourth-quarter results, management said JBS will benefit from strong U.S. domestic demand for […] Read more
U.S. livestock: CME cattle fall, hogs firm
Supply level cause for 'a little bit of concern'
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Monday as traders took positions ahead of a U.S. government report later this week that was expected to show burgeoning supplies. “There is a little bit of concern about excess supplies and large finishing weights,” said Rich Nelson, chief strategist with Allendale Inc. Hog […] Read more
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