Photo: Canstock

U.S. livestock: Hog futures rise as traders cover short positions

Chicago | Reuters – CME Group hog futures firmed on Friday as traders covered short positions after prices fell 5.6 percent over the last two sessions, though demand concerns capped gains. A U.S. Department of Agriculture (USDA) report showed that pork export sales in the week ended June 16 totalled 27,600 tonnes, unchanged from a week earlier. […] Read more





U.S. livestock: Hog futures retreat from two-month high; cattle also fall

Chicago | Reuters – CME Group cattle futures fell on Wednesday, as surprise deliveries in Texas showed that cash market supplies were higher than expected, traders said. Hog futures were lower, snapping a streak of four straight higher closes as traders locked in profits from the market’s move to a two-month high. CME July lean […] Read more

Feeder market strengthens toward third quarter

Feeder market strengthens toward third quarter

Several factors indicate prices will be higher during fall and winter of 2022

Alberta packers were buying fed cattle on a dressed basis in the range of $284-$286 during the second week of May. This is up about $10 from a month earlier. Alberta and Saskatchewan were contending with a backlog of market-ready, fed cattle supplies during the first five months of 2022. However, this burdensome supply situation […] Read more


CME July 2022 lean hogs (candlesticks) with 20- and 50-day moving averages (pink and brown lines) and CME cash lean hog index (purple line). (Barchart)

U.S. livestock: Hog futures rise to two-month high

CME cattle futures mixed

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

(Photo courtesy Canada Beef Inc.)

Klassen: Barley price forecasts enhance feeder cattle demand

Recent rains nearly guarantee at least average yields

Compared to last week, western Canadian yearling prices were relatively unchanged. Heifer and steer calves were quoted steady to $3 lower on average but the market was harder to define due to limited numbers. Small packages of calves of various quality resulted in the wide-ranging price structure. Buying interest for grassers appears to have subsided. […] Read more