Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday, supported by cash prices as packers attempted to pull market-ready hogs forward to slaughter, analysts said. “Packers are clearly chasing hogs. The supply of butcher hogs is not enough to meet demand,” said Dennis Smith, commodity broker at Archer Financial. CME April […] Read more
U.S. livestock: CME hogs up as processors seek market-ready supply
Weaker corn futures support feeder cattle
U.S. livestock: CME lean hogs firm on tight hog supplies
Live cattle down off last week's gains
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Monday, supported by fewer market-ready hogs and diminished pork supplies, analysts said. “There just isn’t much extra pork laying around,” said Alan Brugler, president of Brugler Marketing. CME April lean hogs settled 1.2 cents higher at 101.275 cents/lb., notching a new life-of-contract high. […] Read more
U.S. livestock: CME lean hogs up on tight supplies, good demand
April live cattle up, March feeder cattle lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday as tight hog supplies and strong demand fueled gains for the fifth time in six sessions. The market shrugged off negative technical signals following a lower close in actively traded April futures on Thursday after posting a contract high during the session. […] Read more
U.S. livestock: CME hog, cattle futures end lower
Prices take pause off contract highs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures closed lower on Thursday, retreating as traders paused to book profits after the benchmark contracts in both markets climbed to life-of-contract highs. CME April lean hogs settled down 0.75 cent at 98.375 cents/lb., easing after notching a contract high at 101.25 cents (all figures […] Read more
JBS reaches ‘icebreaker’ settlement of beef price-fixing claims
Reading Time: 2 minutes Reuters — JBS has agreed to pay US$52.5 million to settle litigation accusing meatpacking companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit. The preliminary settlement by the Brazilian company and its U.S. units with so-called direct purchasers was disclosed on Tuesday, and […] Read more
U.S. livestock: Cash prices, slaughter pace support CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied to fresh contract highs on Wednesday on strong cash market prices and rising slaughter rates amid seasonally tightening cattle supplies. A winter storm moving across the central U.S. on Wednesday did not noticeably impact cattle and beef production, although traders were watching for any […] Read more
U.S. livestock: CME hog, cattle futures hit contract highs
U.S. storm could drag on livestock transport
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose more than two per cent on Tuesday, with most contract months setting life-of-contract highs on fund-driven buying and worries about a winter storm that could slow the transport of animals at a time of tight U.S. hog supplies, traders said. Benchmark CME April lean […] Read more
Alberta RCMP to start unclogging major border crossing
Blockade 'not a peaceful assembly,' Mounties say
Reading Time: 4 minutes A major supply chain corridor connecting Alberta and the U.S. is expected to be cleared of protestors and reopened to traffic on Tuesday, Alberta RCMP have warned. Protestors in vehicles formed a blockade Saturday on Highway 4 leading to the province’s only 24-hour Canada-U.S. border crossing, at Coutts, Alta., about 100 km southeast of Lethbridge. […] Read more
U.S. livestock: CME cattle end higher on rising slaughter pace
Hogs up in rangebound trade
Reading Time: < 1 minute Chicago | Reuters — Benchmark Chicago Mercantile Exchange live cattle futures hit the highest in nearly a month on Monday, supported by an improving U.S. slaughter pace and signs of a shrinking U.S. cattle herd, traders said. CME April live cattle futures settled 1.425 cents higher at 144.525 cents/lb. after reaching 144.825 cents, the contract’s […] Read more
Philippines ends import block on Canadian beef
Ban imposed following atypical BSE finding
Reading Time: < 1 minute The Philippines has lifted the temporary suspension on imports of Canadian beef it imposed after the discovery of Canada’s first case of BSE in six years. Manila had announced its temporary ban following the confirmation in mid-December of atypical BSE (bovine spongiform encephalopathy) in a beef cow in central Alberta. Korea imposed and later lifted […] Read more
A message from April Stewart, Country Guide's Associate Editor
