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

U.S. livestock: CME cattle firm, cash cattle supportive

Heavier slaughters weigh on hog futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Monday, supported by tighter supplies of market-ready cattle that propped up cash prices last week, traders said. “In theory, the feedlots have a little more leverage, because there’s fewer cattle available for the packer to buy,” said Alan Brugler, president of Brugler Marketing.
CME January 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures mostly lower as corn climbs

Technical buying supports lean hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mostly lower on Friday, pressured by rising corn prices that depressed feeder cattle futures, traders said. But firmer cash cattle prices this week underpinned the market. CME January feeder cattle futures fell 1.35 cents to end at 157.725 cents/lb., sagging as Chicago Board of
“At this time, no link has been established between the two cases.” – Manitoba Pork Council.
News

Second case of PED confirmed

Manitoba’s immaculate 2021 record is a thing of the past with its second case

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The pork industry has confirmed the year’s second case of PED (porcine epidemic diarrhea) in a finisher barn in southeast Manitoba. The case was confirmed Oct. 29. The Manitoba Pork Council (MPC) said both the year’s first case — detected in a sow barn near Blumenort Oct. 25 — and the more recent case are
CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME hog futures up on slaughter speed plan

December live cattle touch two-month high, end lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Wednesday after the U.S. Department of Agriculture (USDA) said it will allow nine pork processing plants to apply to operate faster line speeds under a pilot program. The announcement eased concerns that slower processing speeds had slowed meatpackers’ demand for pigs to slaughter,
CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: USDA lifts estimates for beef production, cattle prices

December live cattle up, lean hogs lower

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Chicago | Reuters — The U.S. Department of Agriculture on Tuesday raised its forecast for beef production and cattle prices in 2021 and 2022 due to strong demand and heavier livestock. Robust sales of U.S. beef to domestic consumers and overseas buyers have helped support Chicago Mercantile Exchange (CME) cattle futures. USDA, in a monthly
CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle at two-month high on strong beef demand

December hogs follow pork lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a two-month high on Monday amid expectations for solid demand for beef, traders said. Gains in cash cattle prices last week helped support futures, traders said. Meat packers killed an estimated 121,000 cattle at U.S. slaughtering plants on Monday, unchanged from a week ago,
Photo: File
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Live cattle firms on stronger cash, wholesale market

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Wednesday, underpinned by stronger cash trade as packers pull more cattle forward, while wholesale beef prices added support, analysts said. “It does seem like the packers have picked up the production for cattle lately,” said Doug Houghton, technical analyst at Brock Capital Management.

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