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Pork

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

U.S. livestock: Cattle futures end lower ahead of weekend

CME lean hogs mostly up

By
Chicago | Reuters — U.S. live cattle futures retreated on Friday in a profit-taking and technical selling setback ahead of the weekend amid weakening beef prices and concerns about lower-than-normal summer demand as much of the economy remains partially closed. Lean hog futures clawed back earlier losses to end mostly higher as an early drop […] Read more
(ComfreyFarmPork.com)
Hogs, Livestock

HyLife buys pork packing, hog production capacity

Firm buys stake in U.S. packer, Manitoba hog farming business

By ,
Canadian hog production and pork processing firm HyLife has moved to expand its reach in North American pork packing as well as Manitoba hog farming. La Broquerie, Man.-based HyLife announced last week it has bought a 75 per cent stake in Taylor Corp.’s Prime Pork, a packing and processing operation at Windom, Minnesota, about 200 […] Read more
(TysonFoods.com)
Hogs, Livestock, Reuters

Tyson to shut Iowa pork plant against COVID-19 outbreak

Plant handles up to 3.5 per cent of U.S. pork output

By
Chicago | Reuters — Tyson Foods said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country’s food supply. Meat processors such as Tyson, WH Group’s Smithfield Foods and JBS USA temporarily closed about […] Read more
CME July 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs lower on China tensions

CME live cattle futures mostly higher

By
Chicago | Reuters — U.S. lean hog futures dropped by as much as the daily trading limit on Thursday on worries that rising tensions between Washington and Beijing could limit U.S. pork purchases by China, the world’s largest pork consumer. Sino-U.S. relations have worsened as the White House has threatened China with sanctions over its […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle rise on economic optimism, discount to cash prices

U.S.-China tensions keep hogs in check

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Chicago | Reuters — U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand. U.S. stocks rose, with the S+P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns […] Read more
CME August 2020 feeder cattle with 10-, 20- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures follow equities higher

August feeder cattle close limit-up

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Chicago | Reuters — U.S. cattle and hog futures rallied on Tuesday in tandem with rising stock markets as optimism about developing coronavirus vaccines and the revival of business activity buoyed livestock markets battered by the coronavirus pandemic. Supportive cattle and meat supply data from the U.S. Department of Agriculture late last week showing accelerated […] Read more
CME August 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live and feeder cattle futures slip

Thursday's cold storage data seen as disappointing

By
Chicago | Reuters — U.S. live and feeder cattle futures closed lower on Friday after disappointing cold storage data the previous day and ahead of the U.S. Department of Agriculture’s cattle on feed report in the afternoon. Lean hog futures also dropped, as backups continue at slaughter facilities, traders said. The nearby CME live cattle […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs, live cattle gain against cash markets

Cold storage meat supplies down slightly, USDA says

By
Chicago | Reuters — U.S. live hog futures gained on Thursday on short-covering as contracts strengthened against cash markets, traders said. CME live cattle futures firmed, while feeder cattle dipped ahead of Friday’s U.S. Department of Agriculture cattle on feed report. The nearby CME June lean hogs gained 2.475 cents, to 59.35 cents/lb., while the […] Read more
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures slip as slaughter rises

CME lean hog futures firm

By ,
Chicago | Reuters — U.S. live cattle futures fell on Wednesday, as cattle continue to back up, despite slaughter plants’ coming back online, traders said. CME lean hog futures firmed despite rising kill numbers, as social distancing rules in plants keep slaughter below normal rates. The nearby CME June live cattle futures contract settled down […] Read more
CME July 2020 lean hogs with 20-, 50- and 100-day moving average. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures fall

Live cattle futures firm while slaughter numbers rise

By
Chicago | Reuters — U.S. hog futures fell on Tuesday, pressured by an increase in daily slaughter totals as pork plants come back online, traders said. CME live cattle futures firmed despite rising kill numbers, with the most-actively traded contract passing through a key technical benchmark. The nearby CME June live cattle futures contract settled […] Read more

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