Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed on Wednesday, with concerns about processing margins seen limiting supplies in the coming months. “High feed costs and low prices there have production margins as poor as they’ve been in at least eight years,” brokerage StoneX said in a note to clients. “All of this […] Read more
U.S. livestock: Hog futures firm, cattle mixed
CME March feeder cattle lower
U.S. livestock: CME lean hogs climb as tight supplies persist
Cattle futures also firm on tighter supplies
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Tuesday, supported by persistent tight supplies of market-ready hogs, analysts said. “We know numbers are getting tighter. We haven’t generated the expansion we needed to over the last six to nine months,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “The numbers are […] Read more
U.S. livestock: CME live cattle firm on strong beef demand
Hogs up on tighter supplies
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Monday, supported by strong beef demand and slaughter, analysts said. “The next few months — late March, early April — slaughter-ready cattle are a little tighter,” said Austin Schroeder, commodity analyst at Brugler Marketing. “That might help to lend a little more support […] Read more
U.S. livestock: CME live cattle retreat on profit-taking
Hog futures lower despite rising cutout
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Friday as the market retreated from contract highs hit this week. Profit-taking weighed on futures prices, though the market remains supported by strong demand for cattle from meatpackers, traders said. Packers such as Tyson Foods and JBS slaughtered an estimated 120,000 cattle on […] Read more
U.S. livestock: CME live cattle lower, strong slaughter data supportive
Hogs also trade higher, end lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower despite finding new contract highs on Thursday, pressured by lower movement across the agricultural commodities late in the trading session, though tight cattle supplies underpin the market, traders said. “Demand in general still is in good shape. You’re going to have incrementally fewer […] Read more
U.S. livestock: CME live cattle, lean hogs set contract highs
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a contract high on Wednesday on firm cash prices and strong demand from packers, while lean hogs also set a new high, traders said. April live cattle ended 1.65 cents higher at 147.825 cents/lb. and set a high of 147.925 cents (all figures US$). […] Read more
U.S. livestock: CME hogs up as processors seek market-ready supply
Weaker corn futures support feeder cattle
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday, supported by cash prices as packers attempted to pull market-ready hogs forward to slaughter, analysts said. “Packers are clearly chasing hogs. The supply of butcher hogs is not enough to meet demand,” said Dennis Smith, commodity broker at Archer Financial. CME April […] Read more
U.S. livestock: CME lean hogs firm on tight hog supplies
Live cattle down off last week's gains
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Monday, supported by fewer market-ready hogs and diminished pork supplies, analysts said. “There just isn’t much extra pork laying around,” said Alan Brugler, president of Brugler Marketing. CME April lean hogs settled 1.2 cents higher at 101.275 cents/lb., notching a new life-of-contract high. […] Read more
Pork industry looks ahead from turbulent 2021
Pork prices expected to stay elevated in 2022
Reading Time: 2 minutes MarketsFarm — Labour shortages caused by the COVID-19 pandemic, high feed costs and lower prices posed constant threats to Canada’s hog industry in 2021. Nevertheless, pork appears to be in a good spot entering 2022, according to two analysts. “2021 was not the best, but not the worst,” said Tyler Fulton, director of risk management […] Read more
U.S. livestock: CME lean hogs up on tight supplies, good demand
April live cattle up, March feeder cattle lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday as tight hog supplies and strong demand fueled gains for the fifth time in six sessions. The market shrugged off negative technical signals following a lower close in actively traded April futures on Thursday after posting a contract high during the session. […] Read more
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