U.S. livestock: Hogs extend win streak on short-covering, firm cash

U.S. livestock: Hogs extend win streak on short-covering, firm cash

Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures rallied to two-month high on Tuesday, their third straight day of gains, as investors scrambled to cover shorts amid concerns about supplies and signs of cash market strength, traders said. Live cattle futures were weaker, with abundant supplies continuing to weigh on the market. Concerns about African […] Read more

CME April 2019 live cattle, with August 2019 live cattle in brown. (Barchart)

Klassen: Feeder market holds value

Reading Time: 2 minutes Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. Buying interest for yearlings was somewhat stronger while calves in the eastern Prairie regions were softer. Moderate temperatures are in the seven-day forecast for most of Western Canada, so the risk discount due to adverse weather has evaporated. Barley jumped an additional […] Read more


U.S. livestock: Hog futures rally for second day

U.S. livestock: Hog futures rally for second day

Reading Time: 2 minutes Chicago | Reuters –– U.S. lean hog futures rallied 3.7 per cent on Monday to their highest level since January, with strength in the cash market leading the way, traders said. But cattle futures weakened, setting back from Friday’s gains amid plentiful supplies. Chicago Mercantile Exchange April lean hogs settled 2.3 cents higher at 62.85 […] Read more




U.S. livestock: Hogs dip from two-week high, await trade news

U.S. livestock: Hogs dip from two-week high, await trade news

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures retreated on Wednesday after four straight sessions of gains in a technical and profit-taking setback from two-week highs as investors awaited new developments in U.S.-China trade negotiations. Cattle futures also fell broadly, although worries about a late-winter snowstorm forecast for the beef cattle-producing U.S. Plains underpinned the […] Read more


U.S. livestock: Hog futures set two-week peak on pork price hopes

U.S. livestock: Hog futures set two-week peak on pork price hopes

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures jumped to two-week highs on Tuesday amid hopes for increased pork prices, which have been under pressure from large supplies and weakened demand from China. Wholesale pork prices, known as the cutout, rose by $1.01 on Monday to $62.93/cwt for carcasses, according to U.S. Department of Agriculture […] Read more

U.S. livestock: CME live cattle retreat on profit-taking

U.S. livestock: CME live cattle retreat on profit-taking

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed lower on Monday as investors booked profits after contract highs hit on Friday, traders said. Managed funds hold a large net long position in Chicago Mercantile Exchange live cattle futures, leaving the market vulnerable to bouts of long liquidation. The funds expanded their net long in […] Read more



U.S. livestock: Cattle end mixed, June sets new high

U.S. livestock: Cattle end mixed, June sets new high

Reading Time: 2 minutes Chicago | Reuters –– U.S. live cattle futures finished mixed after touching a new contract high on Thursday, as concerns about cold weather tightening supplies underpinned prices. Forecasts for more cold, snowy weather in the middle of the country kept traders on edge after recent storms slowed transportation and weight gain in herds. Cattle typically […] Read more