Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures advanced on Monday as wholesale beef prices increased and the market rebounded from a 2% slide last week, brokers said.
Pigs
U.S. livestock: CME cattle rise with boxed beef prices, bounce from recent decline
CME lean hogs hit lowest price since Nov. 28 contract low
Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
American pork producers have been losing money as pig prices, consumer demand bump against high costs
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.
U.S. Livestock: CME cattle down sharply on fund selling, ending near week’s lows
CME lean hog futures followed cattle contracts lower
Chicago Mercantile Exchange cattle futures plunged for a second straight session on Friday on fund long liquidation, closing out a volatile week of trading in the livestock pits with prices for live and feeder cattle contracts ending near the week's lows.
Weather Network predicts mild winter, with caveats
Colder scenario expected for East
MarketsFarm — Strong El Niño conditions that have developed in the Pacific Ocean would typically lead to a milder winter across Canada — but other factors this year could challenge that outlook, according to the winter forecast from The Weather Network, released Wednesday. The winter forecast features a mild start to the season, with a […] Read more
U.S. livestock: CME cattle drop on fund selling, beef demand concerns
Chicago lean hogs continue higher
Chicago | Reuters — Chicago Mercantile Exchange cattle futures dropped on Thursday after two sessions of gains, pressured by fund long liquidation and as higher corn feed prices and worries about demand for high-priced beef cuts hung over the market. Technical selling accelerated the break, the live cattle market’s sixth in the last eight sessions, […] Read more
PigTrace tag prices go up Dec. 15
Program costs 'unsustainable' without price increase
One of the prices producers pay for hog traceability will be going up 10 per cent. The Manitoba Pork Council said in a notice to producers Wednesday that the Canadian Pork Council will apply a 10 per cent increase to the prices of PigTrace ear tags and accessories, effective Dec. 15. Table: PigTrace ear tag […] Read more
U.S. livestock: CME cattle gain for second straight day after selloff
Chicago lean hog futures also firm
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose for a second consecutive session on Wednesday on short covering and follow-through technical and bargain buying after the market plunged to multi-month lows to start the week. Improving packer margins and futures’ steep discount to cash cattle prices also supported the market following the fund-selling […] Read more
Prairie Forecast: Quiet, mild start to December
Issued Nov. 29, covering Nov. 29 to Dec. 6
The last forecast played out pretty close to what the weather models were predicting, with one small deviation: temperatures ended up being about 2 to 4 C warmer than forecasted. This will be something to keep in mind as we look at this week’s forecast. The forecast is looking rather quiet for this time of […] Read more
U.S. livestock: CME cattle up on short covering, discount to cash
Short covering also lifts CME hogs
Chicago | Reuters — Chicago Mercantile Exchange cattle futures surged on Tuesday in a short-covering rebound from multi-month lows in the prior session, supported by the market’s steep discount to cash market prices. Feeder cattle futures rose by as much as the daily trading limit, triggering expanded limits for both feeders and live cattle for […] Read more
Manitoba hog yard cleared for U.S. export
Separate export certificate had been required for yard's cull sows
U.S. authorities have lifted an order that required sows from one Manitoba assembly yard to be certified free of Seneca Valley virus before crossing the border. The U.S. Department of Agriculture confirmed Canada in the second-last week of November had now met protocol conditions for Seneca Valley virus and has lifted the health certificate requirement, […] Read more