Chicago | Reuters — Chicago Mercantile Exchange hog futures were mostly lower on Thursday as traders locked in profits after many contracts rallied to fresh highs on Wednesday. Weak exports of pork added pressure to the hog market. Most-active June lean hog futures eased 0.9 cent to finish at 122.075 cents/lb. (all figures US$). The […] Read more
U.S. livestock: Hog futures ease after hitting contract highs
Chicago cattle futures firm
U.S. livestock: CME hogs rally on pork price, cash market strength
Cattle futures also up on day
Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Wednesday, with the most-active June contract jumping 2.4 per cent and hitting an all-time high, supported by rising pork prices and strength in the cash market. CME April lean hog futures rose 2.3 cents to end at 102.55 cents/lb. (all figures US$). Most-active June […] Read more
U.S. livestock: CME hog futures mixed
CBOT cattle futures weak
Chicago | Reuters — Chicago Mercantile Exchange hog futures were mixed on Tuesday, with deferred contracts firming on expectations that supplies will remain tight until the summer, traders said. The front-month hog contract eased on follow-through selling after hitting technical resistance and closing well below its peak on Monday. Cattle futures also were weaker, pressured […] Read more
JBS says U.S. domestic and international businesses to remain strong
Sao Paulo | Reuters — Brazilian meatpacker JBS, which operates multiple food processing facilities in the U.S. and one of Canada’s largest beef packing plants, said its North American operations will continue to drive performance. Speaking at a conference call to discuss fourth-quarter results, management said JBS will benefit from strong U.S. domestic demand for […] Read more
U.S. livestock: CME cattle fall, hogs firm
Supply level cause for 'a little bit of concern'
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Monday as traders took positions ahead of a U.S. government report later this week that was expected to show burgeoning supplies. “There is a little bit of concern about excess supplies and large finishing weights,” said Rich Nelson, chief strategist with Allendale Inc. Hog […] Read more
U.S. livestock: CME feeder cattle rise as feed prices slip
June live cattle, April hogs lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle fell on Wednesday on technical liquidation, as livestock markets continue to wrestle with questions about consumer demand as food prices surge, traders said. Feeder cattle futures firmed on the day as feed prices fell, traders said. “Today’s live cattle futures trade has been choppy to weaker, […] Read more
U.S. livestock: CME cattle up amid weak broader markets
Nearby hog futures see muted gains
Chicago | Reuters — Chicago Mercantile Exchange cattle futures climbed on Tuesday as investors looked for safety amid weaker broader markets. “With oil prices giving up gains the last couple days, the reverse happened in cattle,” said Altin Kalo, Economist at Steiner Consulting Group. CME’s most-active June live cattle added 1.1 cents to 136.8 cents/lb., […] Read more
U.S. livestock: CME cattle, hogs firm amid market uncertainty
Chicago | Reuters — Chicago Mercantile Exchange cattle futures climbed on Monday as traders attempted to make sense of changing trade restrictions and allowances. “The market’s trying to sort out all these trade protection measures,” said Alan Brugler, president of Brugler Marketing. “Everybody seems to want imports, and nobody wants to export anything.” CME April […] Read more
Canada allows Brazilian beef and pork, Brazil ag minister says
Updated, March 15 — Reuters — Canada has approved the importation of beef and pork from Brazil, which had been blocked over health concerns, authorities from both countries said on Monday. “We are in Ottawa and have just left the Canadian Ministry of Agriculture with … great news: the opening up of the country’s pork […] Read more
Ukraine to start spring seeding in coming days, officials say
Lviv | Reuters — Ukraine plans to start sowing spring grains in the coming days and has enough grain in stocks to ensure the population has enough bread, deputy agriculture minister Taras Vysotskiy said Saturday. He said the country, which consumes eight million tonnes of wheat a year, had six million tonnes in stocks. Stocks […] Read more
Cyber-Savvy Farmer
