A bacon-wrapped pork chop. (PorkBeInspired.com)

U.S. livestock: Cash, pork prices send CME hogs higher

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second day in a row on Tuesday, strengthened by upward-trending prices for market-ready, or cash, hogs and the morning’s firmer wholesale pork values, said traders. They said October futures led advances after investors actively bought that contract and simultaneously sold deferred months, […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Bargain hunters, fund buying boost CME hogs

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished sharply higher on Monday, fueled by bargain buying in the technically oversold market, said traders. They said funds helped accelerate market advances after contracts punched through technical resistance levels. October hogs, which will expire on Oct. 13, ended 1.85 cents/lb. higher at 57.25 cents, […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market holds values through volatility

Reading Time: 2 minutes Buyers kept a respectful distance from the market early in the week. Western Canadian feeder cattle markets were lackadaisical due to the bearish sentiment of the U.S. Department of Agriculture’s Cattle on Feed report. However, by Friday, all weight categories were trading steady with week-ago levels. Feedlot operators were bent upon ownership with an insatiable […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: CME hogs end quarter mostly higher on short-covering

Reading Time: 2 minutes Chicago | Reuters — The bulk of Chicago Mercantile Exchange lean hog contracts on Friday finished higher in the final trading session for the quarter, ignited by fund buying and short-covering, said traders. They said futures rallied from earlier losses on Friday and prior to late Thursday’s U.S. Department of Agriculture quarterly hog report. The […] Read more


(USDA.gov via Flickr)

U.S. livestock: CME hogs settle mostly lower before USDA report

Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange lean hog contracts closed lower on Thursday, pressured by profit-taking ahead of the U.S. Department of Agriculture’s quarterly hog report at 2 p.m. CT. “The industry will no doubt show herd expansion and record-large production, it’s just a question of how much,” said Archer Financial Services broker […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Short-covering pulls up CME live cattle

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reversed some of their recent losses, with strength from technical buying and investors who covered previously held short positions, said traders. “Anyone who was short the market took a little money in profits,” said Oak Investment Group president Joe Ocrant. Wednesday morning’s wholesale […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle limit down after bearish USDA report

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled about two per cent on Monday after government data on Friday showed bigger-than-expected placements of cattle on feed in August. Most-active CME December live cattle dropped by the daily price limit of three cents to finish at 114.425 cents per pound, reversing from Friday’s 1-1/2 […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle hit one-month high ahead of USDA data

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures jumped to the highest levels in over a month on Friday, lifted by technical buying and expectations for bullish government supply data that was due after the close of trading. The U.S. Department of Agriculture’s (USDA) Cattle on Feed report, however, was deemed bearish by analysts, and […] Read more


(USDA.gov via Flickr)

U.S. cattle placements spike in August

Reading Time: 2 minutes Chicago | Reuters — Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about three per cent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline […] Read more

(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: CME October hogs fall to contract low

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange October lean hog futures fell sharply to a contract low on Thursday, weighed down by a months-long decline in cash prices and abundant supplies, traders said. Deferred hog futures contracts as well as most live cattle and feeder cattle contracts also eased on technical selling and profit-taking. Traders […] Read more