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Pigs

CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs approach four-week high

Cattle futures also rise

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Chicago | Reuters — Chicago Mercantile Exchange hog futures jumped to their highest prices in about four weeks on Wednesday, while cattle futures also advanced. Futures could come under pressure early on Thursday from monthly U.S. Department of Agriculture data that showed frozen pork supplies on Nov. 30 were down eight per cent from the […] Read more
CME April 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs near one-month high on smaller herd estimates

Live cattle, feeder cattle also up

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Tuesday amid expectations the U.S. Department of Agriculture will confirm a smaller pig herd in a report due out on Thursday, analysts said. USDA, in its quarterly Hogs and Pigs report, is expected to show the herd was about 2.9 per cent smaller on […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hog futures sag as broad selling hits markets

Crude, U.S. equities caught in sell-off

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Chicago | Reuters — Chicago Mercantile Exchange livestock futures slumped on Monday as traders reduced risk in the face of rising coronavirus cases, brokers said. Selling hit a range of markets including crude oil, which lost more than three per cent, and U.S. stocks. “The risk-off trade is back today,” said Dan Norcini, an independent […] Read more
CME February 2022 lean hogs (candlesticks) with 20- and 100-day moving averages (yellow and brown lines) and CME lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures end mixed ahead of USDA data

Chicago cattle close lower, rangebound

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mixed on Friday, with the front February contract gaining against deferred months as traders squared positions ahead of a quarterly U.S. government hog report due next week, traders said. Most-active February hog futures settled up 0.45 cent at 80.8 cents/lb., while April hogs ended […] Read more
CME February 2022 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and dark red lines) and CME lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures up in thin trade

February live cattle up on bargain buying

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose in thin trade on Thursday to halt a three-session slide, buoyed by firming cash hog markets and higher wholesale pork prices, analysts said. Most-active February hog futures settled up 1.025 cents at 80.35 cents/lb. (all figures US$). Trading volume for all months was estimated […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, purple and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures down on meat export worries

China resuming some Brazilian beef imports

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell more than one per cent on Wednesday on technical selling, softer cash cattle markets this week and worries about export demand for U.S. beef, traders said. CME February live cattle fell 1.725 cents to settle at 136.575 cents/lb., just below the contract’s 50-day moving […] Read more
CME February 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures sag on weaker cash markets

CME lean hogs decline

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly lower on Tuesday on profit-taking after a two-session advance, softer cash cattle prices and weaker wholesale beef prices, traders said. CME February live cattle settled down 0.55 cent at 138.3 cents/lb. but stayed inside of Monday’s trading range (all figures US$). For feeder […] Read more
CME February 2022 live cattle (candlesticks) with 10-, 40- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle up off three-week low in technical bounce

Hogs ease

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, bouncing off a three-week low on technical buying, analysts said. CME February live cattle settled up 0.775 cent at 138.85 cents/lb., rebounding after a dip to 136.85 cents, just below the contract’s 40-day moving average and its lowest since Nov. 18. […] Read more
(Xinzheng/Getty Images)
General, Reuters

New China import rules bring headaches for food, beverage makers

Cooking oil, milled grains among foods moved to higher-risk categories

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Beijing | Reuters — Makers of Irish whiskey, Belgian chocolate and European coffee brands are scrambling to comply with new Chinese food and beverage regulations, with many fearful their goods will be unable to enter the giant market as a Jan. 1 deadline looms. China’s customs authority published new food safety rules in April stipulating […] Read more
(Fly View Productions/E+/Getty Images)
Livestock, Markets, Reuters

U.S. packer profit margins jumped 300 per cent during pandemic, economists say

Increased costs don't explain higher profits, White House advisors say

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Washington | Reuters — Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. Financial statements of the meat-processing companies — which control 55 to […] Read more

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