Toronto pork packer in creditor protection

Ontario’s hog farmers are still processing news that a mainstay of the Toronto meat packing industry is in creditor protection. Quality Meat Packers and its Toronto Abattoirs arm have been granted 30 days’ creditor protection Thursday to “evaluate restructuring alternatives,” Ontario Pork reported Friday morning. Ontario Pork, which represents the province’s 1,500-plus hog producers, said […] Read more

U.S. livestock: Supply issues send CME hogs plummeting, cattle soaring

Chicago | Reuters — Capping yet another day of volatile livestock trading, Chicago Mercantile Exchange hogs closed down Thursday, recovering somewhat after prices went limit-down midday in response to ongoing uncertainty over the impact of a deadly swine virus on the nation’s hog herd. In contrast, fears over tight beef and cattle supplies in the […] Read more


U.S. livestock: Fund liquidation erases CME hogs’ new high

Chicago | Reuters — Chicago Mercantile Exchange hogs on Wednesday slumped on profit-taking and fund liquidation that pulled futures down from a high set earlier in the session, traders said. Fund selling and sell stops developed after the June contract fell below the 20-day moving average of 127.209 cents (all figures US$). April hogs closed […] Read more

U.S. livestock: CME hogs hit new high, led by discount to cash prices

Chicago | Reuters — Chicago Mercantile Exchange hogs on Tuesday set a new high after recovering some of Monday’s hefty losses, helped by short-covering and futures’ discount to prices for market-ready or cash hogs. CME’s hog index, a two-day barometer reflecting cash prices, was at a record-high 129.87 cents, which surpassed the previous high of […] Read more





U.S. livestock: CME hogs end firm in choppy action before USDA report

Chicago | Reuters — Chicago Mercantile Exchange hog futures settled firmer on Friday after a volatile day of trading before the highly anticipated U.S. Department of Agriculture quarterly hog report at 2 p.m. CT. Analysts’ estimates for USDA’s Friday report varied widely, reflecting uncertainty about how much the data will account for the impact of […] Read more

U.S. livestock: CME hogs limit-up on record-high cash prices

Chicago | Reuters — Chicago Mercantile Exchange hog futures on Thursday jumped to their three-cents daily price limit, ignited by record-high prices for slaughter-ready or cash hogs, traders and analysts said. The morning’s hog price at the closely watched Iowa/Minnesota market surged $4.70 per hundredweight (cwt) from Wednesday to a record-high $131.49, according to the […] Read more


U.S. livestock: Bargain hunters help CME hogs pare losses

Chicago | Reuters –– Chicago Mercantile Exchange hog futures turned higher on Wednesday, supported by bargain hunting and short covering after 2-1/2 days of losses, traders and analysts said. Investors cited futures’ discount to CME’s hog index that touched a record high at 125.04 cents, surpassing the March 21 record of 122.57 (all figures US$). […] Read more