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CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs hit lowest in more than six months

Cash market bearish on cattle futures

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the fifth day in a row on Thursday, with the front-month contract hitting its lowest since March 2 on a continuous basis. The hog market was under pressure from long liquidation by investment funds, traders said. Cattle futures were mixed, with live cattle edging […] Read more
CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hog futures fall

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures weakened Wednesday, with live cattle sagging to their lowest in three months on sluggish cash market activity, traders said. The hog market was pressured by concerns about demand in China, where high prices have slowed the consumption of pork. CME December live cattle settled […] Read more
CME October 2021 live cattle (candlesticks) with 20-, 100- and 200-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle touch three-month lows

Demand from packers softening

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slid to three-month lows on Tuesday, as beef demand slows, leaving cattle producers with ample supply as packer demand softens, traders said. “Packers are bought for a long ways out — have a lot of inventory,” said Scott Varilek, broker at Kooima Kooima Varilek Trading […] Read more
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle lower as beef prices cool

Lean hogs close mostly lower

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Thursday, on softening wholesale beef prices and a lack of supportive news, traders said. CME October live cattle settled down 1.525 cents at 126.05 cents/lb. after hitting 125.875, near the contract’s 100-day moving average and its lowest price since Aug. 6 (all figures […] Read more
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle end up off six-session skid

Hogs up but still rangebound

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher Wednesday on short-covering after a six-session decline and expectations of firming cash cattle prices, traders said. However, the rally was capped by falling wholesale beef prices, with the U.S. grilling season poised to wind down after Monday’s Labour Day holiday. CME October live […] Read more
A Western blot analysis, used to detect specific proteins in tissue samples, is used to confirm BSE in cattle. (Peggy Greb photo courtesy ARS/USDA)
Beef Cattle, Livestock, Reuters

Brazil’s ag ministry investigating suspected BSE case

Evidence suggests 'atypical' BSE, source says

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Reading Time: < 1 minute Sao Paulo | Reuters — Brazil’s agriculture ministry said Wednesday it was investigating a suspected case of bovine spongiform encephalopathy (BSE) in the country, according to a statement. An industry source told Reuters, on condition of anonymity, that the suspected case occurred in the southeastern state of Minas Gerais. The ministry said such investigations are […] Read more
File photo of a roundworm larva. (Dotana/iStock/Getty Images)
Livestock

Health Canada warns people not to take livestock dewormers

No evidence that drug is effective against COVID-19

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Reading Time: 3 minutes “Concerning reports” of people in Canada seeking out veterinary-grade dewormers for personal use have led Health Canada to formally advise against doing so. News reports in Western Canada in the past week have described increased demand from non-farming consumers for veterinary-grade ivermectin, whether at livestock supply retailers or online. While ivermectin is an antiparasitic drug […] Read more
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle fall to lowest in three weeks

Hogs down off Monday's climb

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to their lowest prices in more than three weeks on Tuesday as boxed beef prices continued to weaken amid expectations for reduced demand, analysts said. Lean hog futures also declined as traders adjusted positions on the last day of the month and ahead of […] Read more
File photo of a steak sandwich with chimichurri sauce at a street food market in Buenos Aires. (Aleksandr_Vorobev/iStock/Getty Images)
Beef Cattle, Livestock, Markets, Reuters

Argentina extends beef export cap, stoking farm tensions

Move seen as 'giving markets to other countries'

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Reading Time: 2 minutes Buenos Aires | Reuters — Argentina extended beef export restrictions until the end of October on Tuesday, stoking tensions with the powerful farm sector as the government seeks to bolster domestic meat supply to help contain rising food prices. The move comes months before key mid-term elections, with centre-left President Alberto Fernandez keen to avoid […] Read more
CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle follow boxed beef lower

Feeder cattle mostly firmer, hogs lower

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Monday as beef prices fell and brokers worried that U.S. demand for steaks and hamburgers will decline after the upcoming Labour Day holiday weekend. Beef prices have softened after reaching their highest price since May 2020 last week as retailers stocked up for […] Read more

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