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Early-pandemic calls to localize supply chains unfounded

With a year's worth of data, three agriculture economists revisit early-pandemic predictions on the food supply chain

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With a year's worth of data, three agriculture economists revisit early-pandemic predictions on the food supply chain

A year of data shows early-pandemic calls for radical changes to food systems and risk management programs were unfounded, say some economists. Particularly in the early days of the COVID-19 pandemic, food supply chains struggled to adapt to changing consumption patterns and processors shut down due to virus outbreaks. “Into that void of uncertainty came
(Lovelyshot/iStock/Getty Images)
Livestock, Markets

U.S. livestock: CME cattle futures up on beef prices, demand

June hogs down off recent rallies

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Friday on strong beef prices and demand for red meat that also catapulted margins for beef processors. Meat demand is high as federal stimulus checks have increased incomes and prompted consumers to spend more at supermarkets and restaurants, analysts said. COVID-19 vaccinations are also
CME June 2021 live cattle (candlesticks) with June 2021 lean hogs (dark red line). (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures rise with wholesale meat prices

Easing restrictions prompt more dining out

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Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed on Thursday as U.S. wholesale prices increased. Pork and beef are in high demand in supermarkets and restaurants as the distribution of federal stimulus checks has prompted consumers to spend more on food, analysts said. COVID-19 vaccinations and easing restrictions on
Cattle values steady despite futures’ drop
Beef cattle, Markets

Cattle values steady despite futures’ drop

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Despite falling prices on U.S. cattle futures markets, bids remained steady at auction sites in Manitoba during the week ending April 29. More than 7,200 cattle went through the rings during the week, down from 8,600 the week earlier, as feeder numbers start to settle down before the summer. While prices have remained steady for
CME June 2021 lean hogs (candlesticks) with 20-day moving average (pink line) and June 2021 live cattle (dark red line). (Barchart)
Livestock, Markets

U.S. livestock: Hogs rally again on pork prices, supply woes

June live cattle rise to even with June hogs

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures extended a sharp rally on Wednesday, touching contract highs for the fourth consecutive day on limited supplies and strong pork prices. U.S. pork demand is strong as sales have benefited after households received additional COVID-19 pandemic relief money from the federal government, analysts said. The
CME July 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures extend rally on cash prices, tight supply

Cash cattle, beef values see 'significant disconnect'

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit contract highs for the third consecutive day on Tuesday as a strong cash market and tight supplies pushed up prices. Solid demand for pork has helped boost the market, with meat processors paying up to buy hogs from producers, analysts said. The U.S. Department
CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hogs set life-of-contract highs on tightening supplies

Cattle mixed on concerns for cash prices

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared to contract highs on Monday on tightening U.S. supplies and rising cash prices. Prices have been rallying as consumer demand is rising due to easing pandemic-induced restrictions on dining and travel, analysts said. Hog supplies are tight after some farmers euthanized hogs or performed

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