PED confirmed in another SE Man. sow barn — September 29, 2014

A second sow operation in Manitoba’s livestock-intensive southeast is confirmed to be the province’s fourth farm with porcine epidemic diarrhea. The provincial chief veterinary officer confirmed the latest case on Wednesday last week, following a confirmation at another sow barn in the same region on Sept. 19. Most of Canada’s 69 farms confirmed with PED […]

U.S. livestock: CME live cattle end higher, pare early losses — September 29, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Monday, erasing early-session losses as they gained on short-covering and fund buying before the end of the quarter on Tuesday, traders and analysts said. October live cattle closed up 2.5 cents per pound at 160.95 cents, and December was 2.375 cents […]

Klassen: Feeder cattle market surges — September 29, 2014

Western Canadian feeder cattle prices surged $4-$6 per hundredweight (cwt) and in some cases as much as $10/cwt over the past seven days. Feedlot buyers became more aggressive in the market, now that corn silage season in southern Alberta is in the final stages. Favourable weather also enhanced buying interest, and the same old story […]

U.S. livestock: Nearby CME live cattle close up three-cent limit — September 26, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby trading months closed up the maximum three-cents-per-pound daily price limit, driven by short-covering and fund buying, traders said. October and December finished at 158.45 and 162.1 cents/lb., respectively (all figures US$). Deferred contracts may have drawn support from the outlook for tight supplies in the […]

PEDv shrinks U.S. hog herd, but low-cost feed limits decline — September 26, 2014

Reuters — The U.S. hog herd continued to shrink during the June-August quarter as a deadly pig virus lingered on farms, but the decline was less than expected, a U.S. Department of Agriculture report showed on Friday. The data also showed that producers least affected by the porcine epidemic diarrhea virus (PEDv) added to their […]

Sky-high U.S. meat prices will continue, USDA says — September 25, 2014

Washington | Reuters — Prices for many U.S. meats, already at record highs, continued to increase on a combination of drought and disease that have culled herds, the U.S. Department of Agriculture said Thursday. Retail beef and veal prices spiked by 4.2 per cent from July to August, the largest month-on-month increase since the end […]

U.S. livestock: CME hogs slump as Wall Street tumbles — September 25, 2014

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Thursday, pressured by active U.S. stock market selling as the dollar surged to a four-year high, traders and analysts said. The strong dollar makes U.S. goods including pork less attractive to foreign buyers. Hog futures’ losses mounted after nearby trading months drifted below […]

U.S. livestock: Cash price uncertainty weakens CME hogs — September 24, 2014

Chicago | Reuters — Chicago Mercantile Exchange lean hogs posted modest losses on Wednesday amid uncertainty regarding near-term prices for slaughter-ready or cash hogs, traders said. October hogs closed 0.425 cent per pound lower at 107.45 cents, and December at 95.2 cents, down 0.05 cent. The U.S. Department of Agriculture’s Wednesday morning direct cash hog […]

U.S. livestock: CME live cattle, hogs end mixed after choppy session — September 23, 2014

Chicago | Reuters – Chicago Mercantile Exchange live cattle closed narrowly mixed on Tuesday after a volatile session, pressured by lower wholesale beef values but supported by futures’ discount to last week’s cash prices, traders said. October live cattle finished down 0.05 cent per pound at 155.45 cents, and December up 0.075 cent to 158.725 […]