Bacon fans stay loyal, but futures wobble

Standing at the meat counter at a Mariano’s grocery store in Chicago, a half-dozen customers bantered with the butchers about the recent World Health Organization report linking processed meat to colorectal cancer. “Give me two pounds of bacon,” said Roland Marks, 47, a software engineer, rolling his eyes. “I’ll take my chances.” It is too[...]


Smithfield says it will meet China’s deadline on pork

China wants third-party verification that
imports are free of the additive that promotes lean muscle growth

Smithfield Foods Inc., the world’s largest pork processor, said Feb. 21 it will be able to supply pork that is free of the feed additive ractopamine in time to meet a March 1 deadline by China.
China, the world’s largest pork consumer and the third-largest market for U.S. pork with sales of over $800 million last[...]



U.S. livestock: Lower cash, pork prices send CME hog futures lower

Chicago | Reuters – Chicago Mercantile Exchange hogs closed lower for a third straight day on Thursday, posting new lows for the contract, following downward-trending prices for market-ready, or cash hogs and wholesale pork values, traders said. Plentiful hog supplies and some plants shutting down temporarily to perform routine maintenance, which is typical this time[...]

U.S. pork stocks balloon as prices curb appetites


Reuters / High meat and gasoline prices have curbed consumers’ appetite for pork, which caused the meat to pile up in warehouses last month, analysts said March 22. 
That February pork supply was up seven per cent from the previous month, and up nine per cent from a year ago, the data showed. 
“This confirms[...]


U.S. livestock: Hogs turn up on cash, wholesale pork prices

Chicago | Reuters – Chicago Mercantile Exchange lean hogs finished higher on Wednesday after stronger cash and wholesale pork prices pared some of Tuesday's losses, said traders. Funds periodically sold, or "rolled," lead-month positions into deferred months ahead of similar moves early next week. Monday will be the first of five days that funds in[...]

U.S. livestock: Cash price unease weakens CME live cattle futures

Chicago | Reuters – Chicago Mercantile Exchange live cattle on Tuesday settled lower, pressured by sell stops and caution in advance of cash prices later this week, traders said. Funds involved in CME livestock futures that track the Standard & Poor's Goldman Sachs Commodity Index sold, or "rolled," December long positions mainly into February and[...]


U.S. drought heading from croplands to the meat counter

The worst drought to hit U.S. cropland in more than half a century could soon leave Americans reaching deeper into their pockets to fund a luxury that people in few other countries enjoy: affordable meat.Drought-decimated fields have pushed grain prices sky high, and the rising feed costs have prompted some livestock producers to liquidate their[...]

U.S. Hog Herd Expands Modestly On Record Prices

U.S. hog producers expanded herds more than expected this summer as record-high hog prices helped defray high feeding costs, analysts said Sept. 28 following a government hog report.The expansion will help boost pork production and keep retail pork prices in check. However, the pace of that herd growth was limited by corn prices hitting a[...]