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CME August 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs limit up on firming cash pork, China hopes

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures roared higher on Tuesday, with the most-active August and October contracts settling up by the daily three-cent-per pound limit on a mix of technical buying, firmer cash pork values and optimism about U.S. trade talks with China, traders said. CME’s most-active August lean hogs […] Read more
CME July 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Hogs, Livestock, Markets, Reuters

U.S. livestock: CME lean hogs down on ample supplies

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed lower on Monday for a third straight session as plentiful U.S. hog and pork supplies continued to weigh on the market, analysts said. CME’s most-active August lean hogs contract ended down 0.975 cent at 76.075 cents/lb. after dipping to 75.575 cents, its lowest […] Read more
CME October 2019 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle jump on firmer cash trade

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Reading Time: < 1 minute Chicago | Reuters –– Chicago Mercantile Exchange (CME) live cattle futures settled higher on Friday and set a one-month top, buoyed by higher cash cattle trades in northern states including Nebraska and Iowa, traders said. The U.S. Department of Agriculture (USDA) confirmed that more than 22,000 head of cattle traded Wednesday in Nebraska, mostly from […] Read more
CME August 2019 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs end down, live cattle up

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange (CME) lean hog futures closed lower on Wednesday on technical selling including profit-taking and long liquidation ahead of the U.S. Independence Day holiday, along with bearish supply fundamentals, traders said. CME’s benchmark August lean hogs contract ended down 0.6 cent at 78.375 cents/lb., turning lower after rising to […] Read more
CME July 2019 lean hogs with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Nearby lean hogs firm on bargain-buying, China hopes

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) nearby lean hog futures closed higher on Tuesday for a second session on technical buying after last week’s multimonth lows and hopes that a resumption of U.S.-China trade talks could spur export demand for U.S. pork, traders said. U.S. President Donald Trump and Chinese President Xi Jinping […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market enters summer doldrums

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded steady to $5 lower on average. Small volumes were available last week, which distorted the price structure. Many feedlot hands will rotate holidays through July; therefore, feedlot operators don’t want to bring in fresh replacements with a skeleton staff. Recent rains across Saskatchewan and Alberta […] Read more
CME August 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up on trade hopes, falling corn prices

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Monday on a mix of technical buying, falling corn prices and muted optimism about the weekend resumption of U.S.-China trade negotiations, traders said. “Lean hog futures (received) support from hopes of more Chinese buying after weekend talks went well,” INTL FCStone chief […] Read more
CME July 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Nearby lean hogs drop on continued herd expansion

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mixed on Friday, with nearby contracts pressured by plentiful supplies of hogs and pork and deferred months buoyed by signs of a slowing multi-year U.S. hog herd expansion, traders said. Actively traded nearby contracts posted steep declines after the U.S. Department of Agriculture […] Read more
CME August 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs up before USDA confirms herd expansion

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rallied on Thursday on short-covering and position squaring near the end of the month and quarter after prices hit multi-month lows earlier this week, traders said. Investors also squared bets ahead of the U.S. Department of Agriculture’s (USDA) quarterly hog and pig supply report, […] Read more
Rain gives farmers relief, for now, from three-year drought
Crops, Pasture, Reuters, Weather

Rain gives farmers relief, for now, from three-year drought

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Reading Time: 2 minutes Winnipeg | Reuters — With drought turning Chad Ross’s pastures brown, the southeastern Saskatchewan rancher sent 140 head of cattle to slaughter earlier than usual this spring, as the Prairies’ three-year drought made them too expensive to feed. The ranch and feedlot near Estevan has lost money two straight years. Long-awaited rains that swept the […] Read more

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