Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures weakened on a technical setback on Wednesday, closing in negative territory after rising to fresh contract highs during the session. Hog futures were also weaker. Benchmark CME August live cattle futures settled down 2.3 cents at 173.2 cents/lb. after posting a fresh contract high of 175.95 […] Read more
U.S. livestock: CME cattle weaken off new contract highs
Lean hogs down off highest since mid-May
Ontario extends deadline to lock in RMP coverage
Final date to secure coverage moved to June 30
Reading Time: < 1 minute Grain and oilseed growers and cattle, hog, sheep and veal producers in Ontario now get until June 30 this year to secure coverage under that province’s Risk Management Program (RMP). The province on May 29 announced the deadlines for grain and oilseed producers to submit their completed RMP applications and make any coverage changes — […] Read more
U.S. livestock: CME cattle rally to contract highs
July lean hogs also higher
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied to fresh contract highs on Tuesday, supported by technical buying and strength in the cash market, traders said. Livestock traders did not see any reason to disrupt the recent trend at a time of strong seasonal demand, with traditionally active grilling holidays such as Father’s […] Read more
U.S. livestock: CME cattle futures rise, hog futures dip
Wholesale pork highest since mid-November
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange extended their rally on Monday, with strong cash prices and technical buyers pushing the market higher. Live cattle contracts have risen for eight straight sessions and feeder cattle contracts have posted gains for five sessions in a row. But hog futures closed weaker even as pork prices surged […] Read more
U.S. livestock: CME cattle extend rally on surging cash market
Lean hogs follow firm trend
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended their run of life-of-contract highs on Friday, supported by a jump in cash cattle prices this week along with rising beef prices, traders said. Benchmark CME August live cattle futures settled up 0.525 cent at 172.9 cents/lb. after posting a contract high at 174.25 […] Read more
Inflation, interest rates, input costs catch up to meat sector
Canada's meat industry hits hard times
Reading Time: 4 minutes There’s been a torrent of bad news in the meat sector in the last two months. Tyson Foods reported its first quarterly loss since 2009; HyLife’s processing plant in Windom, Minn., declared bankruptcy; Smithfield Foods is closing 40 sow farms in Missouri; Olymel announced the permanent closure of its Vallée-Jonction hog plant in Quebec; and […] Read more
U.S. livestock: CME live cattle soar as cash prices explode
Lean hog futures mostly lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged on Thursday as cash cattle traded as high as US$180/cwt in Texas and Kansas, up to US$9 higher than last week, reflecting strong demand from meat-packers amid rising beef prices and tightening cattle supplies, traders said. CME’s most-active August live cattle futures contract settled […] Read more
U.S. livestock: CME lean hogs bounce on short-covering
Cattle futures up with beef prices, tighter supplies
Reading Time: < 1 minute Chicago | Reuters — Benchmark July lean hog futures on the Chicago Mercantile Exchange jumped nearly five per cent on Wednesday, extending their two-day rally to 11 per cent on a round of bargain-buying following a months-long slump, traders said. CME July hogs settled up 3.8 cents at 83.325 cents/lb., while front-month June hogs ended […] Read more
U.S. livestock: CME lean hogs limit-up on bargain buying
Cash and beef values lift cattle futures
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures surged their daily limit on Tuesday, rebounding from Friday’s life-of-contract lows on a round of bargain-buying and short-covering toward the end of the month, and as feed grain futures fell sharply, traders said. “It really got grossly overdone to the bottom side,” said Dennis Smith, commodity […] Read more
Olymel to idle multiple Prairie hog barns
Packer cites 'continued financial losses' in sector
Reading Time: 2 minutes Pork packer Olymel is preparing to dial back its hog production in Western Canada by shuttering six of its sow units in Alberta and Saskatchewan. Olymel, the agrifood arm of Quebec’s Sollio Cooperative Group, announced Friday it has served 80 employees with layoff notices at five sow units in Alberta and one in Saskatchewan. The […] Read more
A message from April Stewart, Country Guide's Associate Editor
