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File photo of a Chinese cornfield. (Baona/iStock/Getty Images)
General, Reuters

Rain in China’s northeast brings relief for corn, drought risk remains

An oversupply of hogs, weak demand are pressuring pork prices

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Beijing | Reuters – Recent rainfall in China’s northeastern breadbasket has relieved drought across most of the region, an agriculture ministry official said Friday, but risks remain with the El Nino weather pattern potentially bringing more extreme weather this summer. China is the world’s second-biggest corn producer and about 40 per cent of its crop […] Read more
(File photo)
Livestock, Markets, Reuters

U.S. Livestock: cattle futures fall after hitting record high

Export sales of beef rose to 20,900 metric tons in the week ended July 13: USDA

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose to all-time highs on Thursday, with signs of strong export demand and good sales on the cash market supporting prices, traders said. But cattle prices closed lower on a round of profit-taking as traders took money off the table ahead of key government supply reports […] Read more
(Viktorcvetkovic/E+/Getty Images)
Livestock, Machinery

Activists target Ontario hog farm with ransomware

'We are dealing with adversaries whose motivation is not money'

By
A ransomware on a small Ontario hog business is something a cybersecurity expert says needs more attention from the agriculture industry. Instead of cash, the attackers demanded the hog business owners publicly admit to what they alleged to be livestock mistreatment. The occurrence was unique and alarming, says Ali Dehghantanha, Canada research chair in cybersecurity […] Read more
Photo: Canada Beef Inc.
Livestock, Markets, Reuters

U.S. livestock: CME live cattle firm; remain near recent highs

A lack of fresh fundamental inputs limited the gains

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Chicago | Reuters – Chicago Mercantile Exchange live cattle edged higher on Wednesday, with tight U.S. supplies keeping prices near contract highs. A lack of fresh fundamental inputs limited the gains. August live cattle futures LCQ3 settled up 0.05 cent at 181.325 cents per pound, ending just below the contract high of 181.875 cents it set […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

US Livestock: live cattle rise on limited US supply, strong cash prices

Analysts suggest high prices, tight supply may drive meatpackers to cut hours

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures extended gains on Tuesday on worries over limited U.S. supplies. Recent strength in cash prices for cattle helped to support futures, analysts said, after ranchers shrank their herds due to drought and high feed costs. Analysts said there is chatter in the market that high […] Read more
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME August live cattle touch new high

Hogs lower as China books higher pork output

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a new high in the front-month contract on Monday on technical buying and concerns over tightening U.S. supplies, analysts said. August live cattle reached its life-of-contract high of 181.6 cents/lb. before retreating to settle 0.05 cent lower at 180.125 cents/lb. (all figures US$). October […] Read more
CME August 2023 live cattle with 20- and 50-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle turn higher

Chicago lean hog futures mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned higher on Friday amid a flurry of technical trading, even as beef prices continued to see a seasonal downturn, traders said. Cash cattle market trades this week continued to be down $2-$3 per hundredweight (cwt), traders said (all figures US$). The U.S. Department of […] Read more
CME August 2023 lean hogs with 20- and 50-day moving averages and CME cash lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures gain as pork prices rise

Cattle futures end mixed

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher on Thursday, buoyed by rising wholesale pork prices and firm cash hog values, traders said. The U.S. Department of Agriculture (USDA) quoted the wholesale pork carcass cutout at $110.90 per hundredweight (cwt), up 24 cents from Wednesday, and pork bellies rose $17.08, to […] Read more
CME August 2023 live cattle with 20- and 50-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle down off contract highs on profit-taking

Hogs also down off early strength

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Wednesday on a round of profit-taking after most months climbed to life-of-contract highs, with a seasonal downturn in beef prices adding to bearish sentiment, traders said. Most-active August live cattle futures settled down 1.95 cents at 176.875 cents/lb., retreating after rising to […] Read more
CME August 2023 lean hogs with 20- and 50-day moving averages and October 2023 lean hogs (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs rally as pork prices rise

August live cattle touch new contract high

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Tuesday, bouncing after a three-session slide as wholesale pork prices rose and cash hog prices firmed, traders said, while tight cattle supplies sent futures to life-of-contract highs. CME August lean hogs settled up 3.4 cents at 97.575 cents/lb., and the October contract […] Read more

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