Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures surged to a 2-1/2-year high on Friday as recent gains in cash hog prices prompted investor buying in futures, traders and analysts said. Rising wholesale pork values underscored strong meat demand and also bolstered futures while rising temperatures forecast next week could slow the rate of weight […] Read more
U.S. livestock: Hogs hit 2-1/2-year high on packer demand
U.S. livestock: Fallen cash, pork prices slam CME hogs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures sank more two per cent on Friday following lower cash and wholesale pork values, said traders. They said worries about a looming supply buildup furthered hog futures losses. April hogs ended 1.525 cents/lb. lower at 66.75 cents, and May down 1.35 cents to 72.75 cents […] Read more
U.S. livestock: Cash, pork prices boost CME hogs to new highs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog February futures scored a fresh contract high and deferred contracts scored monthly highs on Monday, fuelled by firmer cash and wholesale pork values, said traders. February hogs ended 1.025 cents/lb. higher at 71.35 cents, and hit a new contract high of 71.425 cents. April ended 0.975 […] Read more
U.S. livestock: Hogs up again on cash prices, fund buying
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied for a fourth consecutive session on Thursday, spurred by higher cash prices and technical buying, said traders. December hogs, which will expire on Dec. 14, closed up 0.975 cent per pound to 55.675 cents (all figures US$). Most actively traded February ended 1.075 cents […] Read more
U.S. livestock: CME hogs rise on cash price optimism
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday hit a 1-1/2-month high, spurred by expectations for stronger near-term cash prices, said traders. They said technical buying contributed to market advances. December hogs closed up 0.75 cent per pound, to 51.5 cents (all figures US$). Most actively traded February ended 0.775 cent/lb. […] Read more
Cash hog market benefits from barbecue season
Reading Time: < 1 minute CNS Canada –– The Canadian hog market is gearing up to start bringing home the bacon. Weekly cash hog prices are higher on continued stronger seasonal pork cutout values, with lower supply creating better prices. “Prices generally do increase over the summer,” said Brad Marceniuk, a provincial livestock economist in Saskatoon. “I expect hog prices […] Read more
Pork prices gain on seasonal demand, tighter numbers
Reading Time: < 1 minute CNS Canada — Western Canadian cash hog prices have been trending higher as supplies tighten and demand increases moving into the summer, two Prairie analysts say. “A lot of that has to do with lower slaughter numbers, higher pork cutout values,” said Brad Marceniuk, a livestock economist with the Saskatchewan government in Saskatoon. Hog numbers […] Read more
U.S. livestock: Lean hogs hit three-week high as cash prices stabilize
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures jumped as much as two per cent on Wednesday, lifted by stabilizing cash prices and ideas the market may have bottomed out after hitting six-year lows earlier this month. Live cattle futures and feeder cattle also were higher in light-volume trading at the Chicago Mercantile Exchange ahead […] Read more
Pork prices set to soften, analyst says
Reading Time: < 1 minute CNS Canada — As the North American barbecue season winds down for another year, so too goes some strength in the pork market. For instance, cash slaughter-weight hogs in Saskatchewan, based on the Maple Leaf Signature #3 contract, averaged $162.55/cwt last week, down $7.95 (4.7 per cent) per 100 kg, according to Brad Marceniuk, a […] Read more
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