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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
CME August 2019 lean hogs with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures limit down on supply glut

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Reading Time: 2 minutes Chicago | Reuters — Hefty supplies of American pigs pushed Chicago Mercantile Exchange (CME) lean hog futures down by the daily exchange-imposed limit on Friday. Prices tumbled as the U.S. Department of Agriculture reported that meat companies such as Tyson Foods and JBS USA slaughtered 462,000 hogs, up nine per cent from a year earlier. […] Read more

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