Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Wednesday, as poor demand for pork smothered any bargain-buying attempts to pull prices away from contract lows hit earlier this week. Cattle contracts also were lower, but the declines were kept in check by expectations that corn prices will remain weak and keep feeding […] Read more
U.S. livestock: Hog, cattle futures fall on poor fundamental outlook
Corn prices expected to remain weak
Indonesia confirms African swine fever outbreak
Disease killed over 35,000 hogs on farm
Reading Time: < 1 minute Paris | Reuters — Indonesia has reported an outbreak of African swine fever on a farm on the Riau Islands near Singapore, the World Organization for Animal Health (WOAH) said on Tuesday. The outbreak that killed 35,297 pigs in a herd of 285,034 on a farm located on Bulan island was detected on April 1 […] Read more
U.S. livestock: Hog futures rebound on technical bounce
Chicago cattle futures firm
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures recovered from contract lows on a round of technical buying on Tuesday, traders said. Traders also noted the recent declines may spark interest in the export market. “U.S. pork has become some of the cheapest in the world and it would appear we’re indeed starting […] Read more
U.S. livestock: Hog futures extend losing streak
Feeder cattle turn higher on bargain buying
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for the fourth straight session on Monday, with the most-active June contract hitting a new low, with traders focused on cash market weakness and light demand for pork. In CME cattle futures, feeder cattle contracts rebounded from six straight losing sessions on some bargain […] Read more
U.S. livestock: Weak pork demand knocks lean hogs to contract lows
June live cattle up; feeder cattle down
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures sank to contract lows on Friday on concerns over anemic U.S. demand for pork, analysts said. The dramatic price decline fueled projections among traders that hog farmers may reduce their herds, after losing money for months on each pig they raise. Farmers are grappling with […] Read more
U.S. livestock: CME feeder cattle stumble to three-week low
June live cattle, lean hogs also lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures slumped to their lowest price in more than three weeks on Thursday, while live cattle futures also eased. Traders said the markets were overbought and pressured by technical selling and long liquidation, after feeder cattle set contract highs last month and front-month live cattle futures […] Read more
U.S. livestock: CME live cattle extend setback to six-week low
Lean hogs follow cattle futures lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures tumbled to a six-week low on Wednesday, extending a setback from an all-time high last month as technical selling and long liquidation hit the market, brokers said. Losses in equities also pressured cattle futures amid concerns that weakness in the U.S. economy could depress demand […] Read more
U.S. livestock: CME live cattle hit five-week low
Technical selling, economic worries add pressure; June hogs up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to their lowest level in more than five weeks on Tuesday as technical selling and concerns about the U.S. economy weighed on prices, analysts said. Economic worries increased after the failure over the weekend of First Republic Bank. Wall Street stock indexes sagged ahead […] Read more
U.S. livestock: Live cattle, lean hogs turn lower
August feeder cattle down second day
Reading Time: < 1 minute The Chicago Mercantile Exchange’s most-active live cattle and lean hog futures turned lower Monday on a down day overall in livestock trade. CME June live cattle ended lower Monday after three consecutive days’ climb, at one point dipping below their 10-day moving average before closing at 164.875 cents/lb., down 0.6 cents on the day (all […] Read more
U.S. livestock: Hog futures rise on cash market strength
CME cattle futures mixed
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday, supported by strength in the cash market and good overseas demand for pork, traders said. Cattle futures were mixed, with feeder cattle contracts easing on a round of profit-taking after setting new contract highs while live cattle contracts ended firm. CME’s most-active June […] Read more
A message from April Stewart, Country Guide's Associate Editor
