Chicago | Reuters — CME Group lean hog futures climbed Wednesday, supported by lower feed grain futures and expectations the U.S. herd will shrink moving into the spring, traders said. CME’s most-active April lean hogs added 1.65 cents to close at 73.075 cents/lb., while the spot February contract strengthened 1.95 cents to end at 68.425
Ontario has called off the last intake for its federal/provincial beef cattle set-aside program. The Beef Emergency Feed Maintenance Initiative, an AgriRecovery program launched after the temporary shutdown of Cargill’s beef slaughter plant at Guelph, was to have its “final potential intake week” opening Monday (Jan. 18), for cattle to be set aside starting Jan.
Chicago | Reuters — CME Group live cattle futures gained on Tuesday as traders began positioning ahead of Friday’s monthly Cattle on Feed report from the U.S. Department of Agriculture, traders said. Feeder cattle futures also rose, supported by weaker feed grain futures. Lean hog futures declined after gaining on Friday as futures look to
Compared to last week, Alberta feeder cattle markets were relatively unchanged while Manitoba and Saskatchewan prices were down $2 to as much as $5 in some cases. Alberta packers were buying fed cattle on a dressed basis in the range of $248-$250, up $4-$5 from last week. Strength in the fed cattle market spilt over
Chicago | Reuters — CME live cattle futures rose on Friday on some bargain buying but still posted their first weekly loss in five weeks, traders said. Bargain buying also supported hog futures, which had posted lower closes in seven of the previous eight sessions. Signs of weakness in the cash markets kept a lid
Brussels | Reuters — Farmers should get European Union funding to reduce methane emissions from livestock or increase organic farmland, the European Commission said on Thursday, under plans to make agriculture greener. The EU is nearing the end of a two-year battle to overhaul its massive farming subsidies scheme, to attempt to align the agriculture
Chicago | Reuters — CME feeder cattle futures fell on Thursday, retreating back toward a three-month low on prospects for increased input costs for livestock operators due to surging corn prices. “It is the rising feed costs,” said Alan Brugler, president of Brugler Marketing + Management. “With the corn being up another 10 cents today,
Chicago | Reuters — Nearby U.S. hog and live cattle futures weakened on Wednesday, weighed down by prospects for rising feed costs due to higher prices for corn, soybeans and wheat. But the livestock futures market was strong for many deferred contracts as traders expressed concerns about supplies tightening by the end of the year.
Chicago | Reuters — U.S. lean hog futures firmed Tuesday on higher cash hog prices and improving pork packer margins and as soaring feed costs stoked concerns about tighter hog supplies. Corn futures prices surged more than five per cent on Tuesday after the U.S. Department of Agriculture (USDA) slashed its 2020 harvest estimate, with
Compared to mid-December, western Canadian yearlings traded $3-$5 lower; mid-weight calves are down $4-$6 while calves under 550 lbs. remained firm. Buyers exhibited a defensive tone on heavier yearlings and discounts were more severe on fleshier cattle last week. There is absolutely no risk appetite for 850-plus-lb. cattle at this time of year. Demand for