Reading Time: < 1 minute Chicago | Reuters — CME hog futures rose to their highest in two months on Tuesday as slowdowns on processing lines raised concerns about tightening supplies. Cattle futures were mixed, with feeder cattle contracts firming as falling corn prices improved prospects of cheaper feed and strong profit margins for packers. Live cattle contracts ended slightly […] Read more
U.S. livestock: Hog futures rise to two-month high
CME cattle futures mixed
U.S. livestock: CME live cattle mixed on uncertain consumer demand
Export strength supports lean hogs
Reading Time: 2 minutes Indianapolis | Reuters — Chicago Mercantile Exchange live cattle futures were mixed on Thursday, with nearby contracts firming, while the most-active cattle futures eased pressured by inflationary concerns, though markets remain underpinned by tight cattle supplies across much of the U.S. Plains, analysts said. “The weakness comes from the uncertainty of the economy – how […] Read more
U.S. livestock: CME live cattle climb as cash markets surge
Firm cash prices also supportive in hogs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped two per cent on Wednesday, lifted by rising prices for market-ready cattle in the cash market, traders said. Cash cattle traded in Nebraska at around $145 per hundredweight, traders said, up $2-$4 from last week and significantly higher than nearby futures prices (all figures […] Read more
Hog sector to focus on margins in face of outside volatility
'Counter-cyclical' moves seen in markets
Reading Time: < 1 minute MarketsFarm — The hog sector has found itself caught up in the general uncertainty of many commodity and financial markets — making it more difficult than normal to predict where values could be headed. “We’re seeing a ton of volatility and it feels like we’re in a bit of transition on supply versus expectations,” said […] Read more
U.S. livestock: CME cattle tumble on worries of waning demand
Hogs up off recent lows
Reading Time: < 1 minute Chicago | Reuters — Concerns about red-hot U.S. inflation knocked down Chicago Mercantile Exchange live cattle and feeder cattle futures on Monday, as rising prices threaten beef demand, analysts said. Demand is most at risk for expensive steaks and other pricey cuts as some consumers shift to buying cheaper items, analysts said. U.S. consumer prices […] Read more
Beef sector calls for Health Canada label exception
The Canadian Cattlemen's Association wants ground beef exempted from proposed rules
Reading Time: 2 minutes The cattle sector is less than pleased by a Health Canada proposal that would put a ‘high saturated fat’ label on retail ground beef. The proposal is part of a suite of changes proposed for Canada’s Food and Drug Regulations. As well as adding a front-of-packaging (FOP) label requirement for foods deemed by Health Canada […] Read more
U.S. livestock: Cattle futures consolidate near peaks
Chicago hog futures fall
Reading Time: < 1 minute Chicago | Reuters — CME Group cattle futures stabilized near recent highs on Thursday, with strong cash markets and a round of speculative buying underpinning prices. Hog futures fell as the soybean futures market rallied to its highest in nearly 10 years, raising the prospect of higher feed costs. The U.S. Agriculture Department said on […] Read more
U.S. livestock: Cattle futures rally on concerns about supplies
July lean hogs turn lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied on Wednesday, supported by technical buying and signs of tightening supplies in the cash market, traders said. On a continuous basis, the front-month fed cattle contract hit its highest since November 2015. Live cattle hit a six-week high. Hog futures ended weaker, giving up early […] Read more
U.S. livestock: Cattle, hog futures rise
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Tuesday, supported by good export prospects and strength in the cash market, traders said. Hog futures firmed on a technical bounce. U.S. beef processors on Tuesday slaughtered an estimated 126,000 cattle, up from 121,000 a year ago, the U.S. Department of Agriculture said. Hog […] Read more
U.S. livestock: Cattle, hog futures fall as corn prices rise
Supply outlook also a concern
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday, pressured by ample supplies and concerns about feed costs due to high corn prices, traders said. Hog futures were also weak. U.S. beef processors on Monday slaughtered an estimated 125,000 cattle, up from 117,000 a year ago, the U.S. Department of Agriculture […] Read more
A message from April Stewart, Country Guide's Associate Editor
