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CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures dip after belly prices dive

Cattle down on ideas of beef prices peaking

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell on Wednesday on technical selling and signs that wholesale pork prices may have peaked after a massive run-up due to closings at meat-packing plants as COVID-19 sickened workers, traders said. The U.S. pork cutout value fell on Tuesday afternoon by nearly $9/cwt, to $112.82, with pork […] Read more
A file photo of cattle mustering in Australia’s Outback. (Hypedesk/iStock/Getty Images)
General, Markets, Reuters

Australia requests China trade talks over beef, barley

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Reading Time: 2 minutes Sydney | Reuters — Australia’s trade minister is seeking urgent talks with his Chinese counterpart after key agriculture exports were hit with suspensions and tariff threats, but said Australia will continue to push for an inquiry into the COVID-19 outbreak. Trade minister Simon Birmingham requested a telephone call with Chinese commerce minister Zhong Shan after […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: June live cattle limit up on soaring beef prices

Large supplies of hogs, cattle still loom over futures

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday, with nearby contracts rising the daily maximum, as surging wholesale beef prices and expectations U.S. beef and pork production would drop spurred speculative buying, traders said. Chicago Mercantile Exchange (CME) June live cattle futures settled up 4.5 cents, the expanded daily limit, at […] Read more
(Doug Wilson photo courtesy ARS/USDA)
Barley, Crops, Markets

Feed weekly outlook: Overwintered barley beats expectations

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Reading Time: < 1 minute MarketsFarm — Last fall’s remaining barley crops coming off the field this spring were at risk of causing a supply glut in feed grain markets. Luckily, however, those overwintered barley crops are in better-than-expected condition, and not all of them are going into the feed market. “We thought there would be a lot more coming […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

Trump asks U.S. Justice Department to look into meat price disparities

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Reading Time: 2 minutes Washington | Reuters — U.S. President Donald Trump said on Wednesday he had urged the Justice Department to look into allegations that the meatpacking industry broke antitrust law because the price that slaughterhouses pay farmers for animals had dropped even as meat prices rose. “I’ve asked the Justice Department to look into it. … I’ve […] Read more
(Photo courtesy Canada Beef Inc.)
General, Markets

COVID-19 aid ‘falls short,’ farm groups warn

Aid package includes AgriRecovery for cattle, hog sectors

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Reading Time: 5 minutes Ottawa — Despite Prime Minister Justin Trudeau saying more money will be provided if needed, the agriculture sector continues to criticize Ottawa’s $252 million in COVID-19-related financial aid offered to producers and processors. “If we have to add more, we will,” said Trudeau, after announcing new funding and programming. The federal government is offering an […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs slide after three days of gains

"The workers are spooked to come to work"

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures retreated on Tuesday in a profit-taking setback after three sessions of gains that were fueled by rising meat prices and concerns about meat shortages as several packing plants have closed due to coronavirus infections among workers. Benchmark June lean hog futures corrected after gaining nearly 18 […] Read more
(File photo by Dave Bedard)
Beef Cattle, Livestock

Cargill’s High River plant reopens with two slaughter shifts

Cutting line to resume Wednesday

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Reading Time: 2 minutes Cargill’s southern Alberta beef packing plant, estimated to be responsible for over a third of Canada’s beef processing capacity, restarted Monday after a two-week COVID-19-related shutdown — but at a quicker pace than previously expected. The company said in a statement Monday it is resuming operations at the High River plant “with two shifts” in […] Read more
CME August 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures inch up as plants reopen

Rising wholesale prices support futures

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog and live cattle futures closed higher on Monday, as meat processing facilities began to open after closures of more than 20 plants due to coronavirus illnesses among workers. Rising pork and beef cutout prices have also helped give futures a boost on Monday, said Mark Schultz, chief analyst […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures climb with wholesale meat prices

About 20 North American meat plants offline

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Friday after touching a three-week top, buoyed by firm cash cattle values and surging wholesale beef prices as labor shortages slow the U.S. slaughter pace, traders said. New-month buying by speculators may have also lent support, they said. Chicago Mercantile Exchange June live cattle […] Read more

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