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CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures snap losing streak

Large supplies pressure CME hog futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped on Monday in a rebound off a run of losses, while lean hog futures closed weaker. Live cattle were due for a rebound after falling last week amid pressure from weakness in the cash market, traders said. Short covering helped lift prices, they said. […] Read more
(Shadowinternet/E+/Getty Images)
Hogs, Livestock, Markets, Reuters

Hog farmers face prolonged pain as pandemic gives way to glut

Canadian Pork Council takes new tack on AgriStability reform

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Winnipeg | Reuters — North America’s hog farmers face prolonged pain beyond the COVID-19 pandemic that has interrupted packing plants , as a pig glut in the U.S. holds prices low and pressures producers to downsize. Many North American hogs had nowhere to go in spring as slaughter plants suspended production due to workers becoming […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures down again

CME lean hog futures also weaker

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Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures weakened on Friday in anticipation of a seasonal demand slowdown following the Labour Day holiday, traders said. The losses in the futures market stemmed from weekly declines in the cash markets. CME benchmark October live cattle fell 1.25 cents to close at 104.9 cents/lb., […] Read more
CME October 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures drop as supplies assessed

'Maybe the cash cattle market is stalling out here'

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Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures fell on Wednesday. The cattle market faced pressure from weakness in the cash market that stemmed from the ample supplies reflected in the U.S. Agriculture Department’s Cattle on Feed report issued on Friday. “It is the belief that maybe the cash cattle market is […] Read more
CME October 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rise as pork supplies shrink

Texas cash cattle prices down on week

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to their highest level in nearly three months on Tuesday after government data showed that the reopening of pork plants after a rash of COVID-19 shutdowns had not boosted supplies. Cattle futures were lower, pressured by signs of weakness in the cash markets, traders said. […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures fall as supplies grow more than expected

U.S. frozen pork inventory at nine-year low

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Monday, with the market under pressure from a government report that showed supplies were bigger than expected. The U.S. Agriculture Department’s monthly Cattle on Feed report on Friday afternoon showed July placements at 111 per cent of a year ago, above the average estimate […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle slide ahead of USDA report

Lean hogs pull back from gains

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Friday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s Cattle on Feed report, released after the markets closed. CME lean hog futures also ended lower, correcting after two days of positive movement, as optimism over rising hog slaughter rates strengthened […] Read more
(PorcOlymel.com)
Hogs, Livestock

Olymel’s Red Deer plant holds at one COVID case

Pork plant employee's contacts returning to work

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A production line employee at Olymel’s hog slaughter plant at Red Deer, Alta. remains the facility’s lone COVID-19 case after her contacts at the plant tested negative for the virus, the company says. Olymel, the meat packing arm of Quebec ag co-operative Sollio, confirmed the lone COVID-19 case at its Red Deer site on Aug. […] Read more
CME October 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up as slaughter pace reaches pre-COVID levels

Pre-Labour Day buying winds down

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Thursday as slaughter rates returned to levels not seen since processing plants closed from COVID-19 outbreaks among workers this spring. Live cattle futures fell as pre-Labour Day buying wound down and the industry awaited Friday’s monthly Cattle on Feed report from the U.S. […] Read more

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