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Pigs

CME April 2022 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle firm on strong beef demand

Hogs up on tighter supplies

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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
CME April 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle retreat on profit-taking

Hog futures lower despite rising cutout

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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
CME April 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle lower, strong slaughter data supportive

Hogs also trade higher, end lower

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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
Protestors’ vehicles block the route leading from the Ambassador Bridge, linking Detroit and Windsor, on Feb. 8, 2022. (Photo: Reuters/Carlos Osorio)
General, Markets, Reuters

More government action likely as border blockades hit trade

Manitoba's main crossing now also blocked

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Reuters — The shutdown of a vital U.S.-Canada trade route is knocking out automakers’ operations as the business impact from the two-week-old protests against Canada’s pandemic measures ramp up pressure on authorities to quell the demonstrations. The protests started as a “Freedom Convoy” occupying downtown Ottawa, opposing a vaccinate-or-quarantine mandate for cross-border truckers mirrored by […] Read more
CME April 2022 lean hogs (candlesticks) with 20- and 100-day moving averages (dark red and black lines) and CME lean hog index (pink line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs up as processors seek market-ready supply

Weaker corn futures support feeder cattle

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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
Protestors’ vehicles block the route leading from the Ambassador Bridge, linking Detroit and Windsor, on Feb. 8, 2022. (Photo: Reuters/Carlos Osorio)
General, Machinery

Pandemic protestors block Windsor border crossing

Commercial traffic being diverted to Sarnia

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Ottawa | Reuters — The busiest land crossing between the U.S. and Canada was jammed on Tuesday after Canadian protestors blocked lanes on Monday over their government’s pandemic control measures. While traffic in both directions was initially blocked, U.S.-bound lanes have since reopened, Windsor Police tweeted. Drivers demanding an end to federal COVID-19 vaccine mandates […] Read more
CME April 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs firm on tight hog supplies

Live cattle down off last week's gains

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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
(Shadowinternet/E+/Getty Images)
Hogs, Livestock, Markets

Pork industry looks ahead from turbulent 2021

Pork prices expected to stay elevated in 2022

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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

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