Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, with mild profit-taking noted after rallying in three of the previous four sessions. Hog futures were firmer, extending their rebound from the five-week low hit last week. Most actively traded February lean hogs rose 0.7 cent to 81.6 cents/lb. (all figures US$). […] Read more
U.S. livestock: CME cattle futures weak
Hog futures firm
Klassen: Feeder market remains firm
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were steady to $3 lower on average; calves were relatively unchanged but limited numbers were on offer. Strength in the Canadian dollar appeared to temper demand from south of the border in the 750-plus-lb. weight categories. Last week was the first full week of sales in both […] Read more
U.S. livestock: Hog futures rebound, slaughter pace still weak
CME February live cattle up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures bounced back on Friday, though analysts said U.S. staffing shortages caused by COVID-19 infections continued to limit meat production. Most actively traded February lean hogs touched a one-week high and ended 3.05 cents stronger at 80.9 cents/lb. (all figures US$). The contract recovered after falling […] Read more
U.S. livestock: Hogs dip on concern over slower slaughter, heavier pigs
Feeder cattle up as feed grain prices drop
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Thursday amid concerns that a reduced pace of slaughtering is limiting demand for pigs that are growing heavier, analysts said. Slow slaughtering has weighed on hog and cattle futures because livestock back up on farms when they cannot be processed, traders said. Slaughtering […] Read more
U.S. livestock: CME cattle futures end higher in short-covering bounce
Hogs extend slide
Reading Time: 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, on a technical bounce a day after falling to three-week lows, with optimism about a slight improvement in the U.S. slaughter pace lending support, traders said. But worries about slowdowns at packing plants due to worker shortages continued to hang over […] Read more
U.S. livestock: Cattle, hogs sag on Wall Street woes, worker shortages
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures closed lower on Monday, pressured by declines on Wall Street along with slowdowns at slaughterhouses due to worker shortages, traders said. CME February live cattle futures settled down 1.075 cents at 136.25 cents/lb., while March feeder cattle futures ended down 1.325 cents […] Read more
China, Philippines suspend beef imports from Canada on BSE case
Reading Time: < 1 minute Winnipeg | Reuters –– China and the Philippines have suspended imports of Canadian beef due to Canada’s detection in December of a cow infected with bovine spongiform encephalopathy (BSE), a spokesperson for Canada’s agriculture department said on Monday. The moves follow an import suspension by South Korea last month, after Canada reported its first BSE […] Read more
U.S. livestock: CME live cattle, lean hogs fall on weaker slaughter
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures fell on Friday as sluggish slaughter rates continue to drag on prices, traders said. “They’re both facing the same fundamental music – this slaughter disruption due to weather, labour tightness and COVID,” said Dennis Smith, commodity broker at Archer Financial. CME February […] Read more
U.S. livestock: CME live cattle futures firm
Cash cattle prices provide support; lean hogs also firm with cash index
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures moved higher on Thursday, supported by cash cattle prices in the northern U.S. Plains, analysts said. “We’ve been under some pressure recently, but the cash trade was still at $138 to $140,” said Doug Houghton, technical analyst at Brock Capital Management (all figures US$). “That’s […] Read more
U.S. livestock: CME live cattle down on lagging slaughter rates
Lighter supplies support lean hog futures
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased for a fifth consecutive session on Wednesday, pressured by lagging slaughterhouse production, analysts said. “We’re just not processing cattle fast enough. Some of the supply chain bottle necks that have affected the cattle market up to this point, they still remain in play,” said […] Read more
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