(CMEGroup.com)

U.S. livestock: Bargain buying pares some CME hogs’ losses

Chicago | Reuters — Chicago Mercantile Exchange hog futures closed moderately higher on Thursday, with support from bargain buying and short-covering that pared some recent market losses amid U.S. trade worries, said analysts. U.S. hog farmers, still reeling from higher retaliatory tariffs on pork imposed by China in early April, are bracing for another round […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Stronger demand sustains feeder cattle market

Western Canadian feeder cattle markets were relatively unchanged from week-ago levels. Feeder cattle numbers are declining at this time of year, so those buyers looking to secure ownership had to be more aggressive. Higher-quality packages were available in Saskatchewan, which traded at a small premium to Alberta markets. In central and southern Alberta, there appeared […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle pivot higher on bargain buying

Chicago | Reuters — Chicago Mercantile Exchange live cattle turned up sharply on Friday, with support from short-covering and bargain buying after Thursday’s losses that were partly led by U.S. trade uncertainty, said analysts and traders. On Friday China said it planned to impose similar size tariffs soon after Washington announced duties on $50 billion […] Read more





Photo: iStock

U.S. livestock: CME hogs snap back on higher cash, wholesale pork prices

Chicago | Reuters — Chicago Mercantile Exchange hog futures on Tuesday recovered from Monday’s selloff, helped by higher wholesale pork values and surging market-ready, or cash, hog prices, traders said. Fund buying and bargain hunting enhanced futures advances, they said. June hogs, which will expire on Thursday, closed up 0.375 cent/lb. at 80.525 cents (all […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Weaker corn, barley prices support feeder market

Western Canadian yearling prices traded $3 to as much as $8 above week-ago levels while calves were steady to $2 higher. Alberta packers were buying fed cattle in the range of $140-$143, unchanged from week-ago levels; however, a fortuitous $5 bounce in the U.S. fed cattle market bolstered buying enthusiasm for replacements. Feeder cattle futures […] Read more