Chicago Mercantile Exchange lean hog futures lost ground on Wednesday on weakness in the pork cutout, according to analysts, while cattle futures also retreated on falling wholesale prices.
Feeders
U.S. livestock: Lean hogs weaken on wholesale pork prices, Goldman roll
U.S. livestock: Live cattle recovers on technical trading
Chicago Mercantile Exchange live cattle futures gained strength on Tuesday on technical trading, analysts said, while lean hog futures rose for a second day as traders anticipated growing export demand.
Return of US drought delays cattle-herd rebuilding, hurting Tyson Foods
The return of drought in U.S. cattle-producing areas is delaying ranchers' plans to expand production after the nation's herd shrank to its smallest level in seven decades, farmers and analysts said.
Klassen: Strong demand continues to sustain feeder market
The weaker Canadian dollar has enhanced the feeding margin structure on incoming replacement calves and this translated into stronger values on premium genetic packages. Finishing feedlot operators in Alberta and Ontario were fairly aggressive in Manitoba and Saskatchewan markets.
U.S. livestock: Cattle edge higher as Wall Street extends gains
Chicago Mercantile Exchange cattle futures firmed slightly on Thursday as stocks hit record highs on Wall Street for a second day, providing borrowed strength to the livestock markets, analysts said.
Feed Grain Weekly: Barley preferred over corn at feedlots
Barley seems to be the preferred grain over corn at feedlots in the Lethbridge, Alta.-area during the week ended Nov. 7, 2024.
U.S. livestock: Lean hogs hit one-week low, pork belly values fall
Chicago Mercantile Exchange lean hog futures fell to their lowest level in more than a week on Tuesday as profit-taking extended the market's setback from contract highs last week, analysts said.
Klassen: Feeder market holds at higher levels
For the week ending November 2, Western Canadian yearling and calf markets were relatively unchanged from seven days earlier. Strong demand continues to support the feeder complex at historical high prices.
U.S. livestock: Hog futures retreat from contract highs last week
Chicago Mercantile Exchange lean hog futures ended lower on profit taking and technical selling on Monday, brokers said.
U.S. livestock: Hog futures edge down on profit taking
Chicago Mercantile Exchange lean hog futures pulled back from contract highs on Thursday as traders booked profits ahead of the end of a month, traders said.