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CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, purple and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures down on meat export worries

China resuming some Brazilian beef imports

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell more than one per cent on Wednesday on technical selling, softer cash cattle markets this week and worries about export demand for U.S. beef, traders said. CME February live cattle fell 1.725 cents to settle at 136.575 cents/lb., just below the contract’s 50-day moving
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Brazil’s BRF sees holiday food sales back to pre-pandemic level

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Reuters – Brazilian pork and poultry processor BRF SA expects food sales to return to pre-pandemic levels during the holiday season as consumers and families gather again after almost two years of social distancing. In an interview with Reuters Dec. 1, Sidney Manzaro, who leads the company’s Brazilian operation, said he does not expect the
CME February 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures sag on weaker cash markets

CME lean hogs decline

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly lower on Tuesday on profit-taking after a two-session advance, softer cash cattle prices and weaker wholesale beef prices, traders said. CME February live cattle settled down 0.55 cent at 138.3 cents/lb. but stayed inside of Monday’s trading range (all figures US$). For feeder
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Livestock, Markets

U.S. packer profit margins jumped 300 per cent during pandemic, economists say

Increased costs don't explain higher profits, White House advisors say

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Washington | Reuters — Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. Financial statements of the meat-processing companies — which control 55 to
CME February 2022 lean hogs (candlesticks) with 10-, 30- and 50-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures extend rebound off 10-month low

Bargain buying supports cattle

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Friday, extending gains made a day earlier when the market rebounded from a 10-month low. The gains accelerated as prices surged through key resistance points, and the market closed near session highs. CME February lean hogs settled up 3.2 cents at 81.025 cents/lb.
CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures climb with pork prices

Hog slaughter seen accelerating; beef export picture drags on cattle

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded on Thursday from four sessions of losses, amid an accelerating slaughter pace and indications that pork prices may be near a bottom following a prolonged slide, traders said. The daily hog slaughter was slower-than-normal earlier this week, which some analysts said may be a
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African swine fever outbreak spreading widely in Vietnam

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An African swine fever outbreak is spreading widely in Vietnam and is hurting the local farming industry, forcing the culling of three times the number of hogs culled last year, the government said Nov. 25. “The outbreak is evolving in a complicated manner,” the government said in a statement. “It is threatening to spread on

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