Pork baby back ribs. (Grandriver/Getty Images)

U.S. livestock: Strong cash prices reverse CME hogs’ losses

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday closed up sharply, spurred by short-covering and escalating prices for slaughter-ready, or cash, hogs that reversed Tuesday’s market losses, said traders. On Tuesday, some CME hog contracts day fell more than two per cent after Mexico imposed tariffs on U.S. pork following Washington’s higher […] Read more



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U.S. livestock: CME futures fall on grain market weakness

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures fell on Monday, pressured by spillover weakness from sharp declines in the grains markets, traders said. Concerns about demand from China added to the bearish tone hanging over the hog markets futures after weekend trade talks between Beijing and Washington ended without any deals […] Read more

(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Bargain buying, short-covering lift CME hogs

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures settled higher on Friday, with support from bargain buying and short-covering heading into the weekend, said traders. CME June hog futures led gainers after investors bought that contract and simultaneously sold deferred months in a trading strategy known as bull spreads, they said. June hogs closed […] Read more


(Deyana Robova photo/iStock/Getty Images)

U.S. livestock: Profit-taking, trade war fears upend CME hogs

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures closed lower on Thursday, rocked by profit-taking amid worries that pork could suffer from retaliatory tariffs against the U.S., traders said. June hogs closed 0.7 cents/lb. lower at 76.625 cents (all figures US$). July ended 2.075 cents lower at 78.05 cents. Mexico threatened to reciprocate with […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle limit up on short-covering

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle on Wednesday settled up its three-cent-per-pound daily price limit, driven by short-covering and fund buying, traders said. They said CME live cattle garnered more support from higher wholesale beef values and future’s discount to early-week prices for market-ready, or cash, cattle. June and August live cattle […] Read more


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Hogs touch five-week high on technical buying, pork gains

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a five-week high on Tuesday, bolstered by technical buying and gains in prices for cash hogs and pork, traders said. Live cattle futures were lower, easing on chart-based selling. Feeder cattle were higher, supported in part by lower corn prices as trading resumed […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market undergoes minor recovery

Reading Time: 2 minutes Compared to last week, western Canadian yearlings sold $3 to as much as $6 higher while calf markets were relatively unchanged. Feeder cattle futures experienced a $5-$7 rally, which quickly renewed optimism in the cash trade. Ideas that yearling supplies will drop below year-ago levels on both sides of the border this August spurred on […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Feeder cattle extend gains on drop in placements

Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures rose on Friday, shrugging off earlier declines on technical buying and support from government data showing fewer cattle placed in feedlots during April, traders and analysts said. Relatively thinly traded feeder cattle futures jumped more than one per cent after the U.S. Department of Agriculture released its monthly […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle ease on positioning ahead of supply report

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell nearly one per cent on Thursday, pressured by fears of lower trades in cash cattle markets and positioning ahead of a government supply report due on Friday, traders said. The U.S. Department of Agriculture was set to release its monthly Cattle on Feed report […] Read more