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CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs surge on bullish USDA data

Chicago cattle futures sag

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures soared on Monday, with the most-active December contract rising its daily limit after a quarterly U.S. Department of Agriculture report showed a smaller-than-expected U.S. hog herd. CME October lean hogs settled up 2.975 cents at 90.25 cents/lb., and the December contract rose its daily
CME October 2021 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports

Cattle on feed top trade estimates

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures climbed on Friday, largely supported by positioning ahead of a key hog inventory report issued by the U.S. Department of Agriculture (USDA) after the close, analysts said. Higher cash pork prices and the still-wide discount of futures to cash hog prices were also supportive.
CME October 2021 lean hogs (candlesticks) with 20-day moving average (dark red line) and cash lean hog index (pink line). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs firm on China’s herd restrictions

Cattle mixed to lower ahead of report

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures firmed on Thursday, after China lowered its sow herd targets in an effort to ensure supply and stabilize prices. China’s ministry of agriculture and rural affairs said the target for its sow herd was now around 41 million head for 2021-2025 and should be
An information label is seen on packaging for a CO2 cylinder for a fizzy drinks machine in Manchester, Britain on Sept. 20, 2021. (Photo: Reuters)/Phil Noble)
Livestock

Britain tells its food industry to prepare for CO2 price shock

U.K. pays fertilizer maker CF Industries to reopen plants

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London | Reuters — Britain warned its food producers on Wednesday to prepare for a 400 per cent rise in carbon dioxide prices after extending emergency state support to avert a shortage of poultry and meat triggered by soaring costs of wholesale natural gas. Natural gas prices have spiked this year as economies reopened from
Biden administration plans tougher action to rein in meat prices
News

Biden administration plans tougher action to rein in meat prices

U.S. plans to funnel money towards smaller meat producers and workers

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Reuters – The Biden administration plans to take a tougher stance toward meat-packing companies it says are causing sticker shock at grocery stores. Four companies control much of the U.S. meat-processing market, and top aides to President Joe Biden blamed those companies for rising food prices in a blog on Sept. 8. As part of a set
Markets, News

China meat imports drop in August on low domestic prices

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China imported 758,000 tonnes of meat in August, down 8.9 per cent from the corresponding month a year ago, customs data showed Sept. 7, as weak domestic pork prices weighed on demand for imports. China has imported 6.69 million tonnes of meat for the first eight months of the year, up 1.7 per cent on
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle follow packer demand down

Lean hog futures also lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, pressured by weak cash cattle trade as packer demand remains light, analysts said. “The lack of bids is daunting,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. Kooima noted packers have enough cattle purchased on negotiated contracts to meet
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle end mixed, hogs lower

Futures under pressure as equity markets slump

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Monday as late-session bargain buying only partly offset pressure from adequate cattle supplies and global economic concerns that threatened to blunt demand for beef. “The cattle market can’t seem to catch a break. Boxed beef has been trending down and there are
CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and CME cash lean hog index (grey line, left column). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs extend gains in recovery from slide

Cattle futures follow boxed beef lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday extended a rebound from a selloff that dragged the market to its lowest prices since February this week, while cattle futures sagged. The hog market was due for a correction to the upside after the most-active December contract fell 13.5 per cent from
(Olymel video screengrab via YouTube)
Hogs, Livestock

Olymel to close former F. Menard bacon plant

Pork further-processing plant at Henryville to shut in November

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Meat packer Olymel plans to shut a pork further-processing plant it operates in Quebec’s Monteregie by mid-November and pick up the work at its other sites. Olymel, the meats arm of Sollio Co-operative, said Wednesday it will permanently close the bacon plant at Henryville, about 60 km southeast of Montreal, effective Nov. 12. The closure

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