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Pork

CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle down on raised beef production forecasts

Pork supply expectations drag on CME December hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, after the U.S. Department of Agriculture slightly increased its forecasts for beef production this year and next year. USDA, in a monthly report, raised its 2021 estimate by 0.3 per cent from September because of higher cow slaughtering and heavier average
(Dave Bedard photo)
Hogs, Livestock

U.S. considers faster hog slaughter paces based on staffing

Faster speeds seen as increasing injuries

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Chicago | Reuters — The Biden administration is considering a proposal that could allow some pork plants to slaughter pigs more quickly if they boost staffing, a union official said, after a U.S. court struck down a Trump-era rule that removed line speed limits. The proposal put forward by Quality Pork Processors, operator of a
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures mixed

Hogs slip on technical trading

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mixed on Monday, as cattle prices began to see a seasonal bounce and cash cattle traders were expected to firm slightly this week, traders said. CME lean hog futures, meanwhile, slipped on technical trading and some signs of profit-taking, traders said. On Monday, October lean
CME November 2021 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Profit-taking knocks feeder cattle off high

CME lean hogs seen consolidating

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures ended lower on Friday as profit-taking pressured the market after prices set a one-month high, traders said. The setback came after the most-active November contract had rallied more than six per cent from a four-month low set on Sept. 30. The contract ended down 0.45
File photo of signage outside Maple Leaf Foods’ Lagimodiere Boulevard plant in Winnipeg. (Dave Bedard photo)
Hogs, Livestock

Expansions boost Maple Leaf plant’s bacon offerings

Pre-cooked bacon capability sets up Winnipeg plant as 'bacon centre of excellence'

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The Winnipeg pork further-processing plant previously earmarked as Maple Leaf Foods’ “ham centre of excellence” now gets the same billing for bacon. The major Toronto meat processor announced Tuesday it had completed a $182 million, 73,000-square foot expansion at its Lagimodiere Boulevard prepared meats plant, to “significantly” increase its bacon production capacity. The expansion, Maple
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 cattle rally continues on steady cash market, technical buying

Chicago hogs also find support

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Chicago | Reuters — Technical buying and a steady cash market helped fuel Chicago Mercantile Exchange live and feeder cattle futures on Thursday, sending prices to multi-week highs and stretching the rally into a fourth trading session, traders said. Most-active November feeder cattle touched its highest price since Sept. 9 and ended up 3.475 cents
CME November 2021 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Technical buying, solid beef demand boost CME cattle

Chicago lean hogs continue lower

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Chicago | Reuters — Technical buying and solid demand for U.S. beef lifted Chicago Mercantile Exchange live and feeder cattle futures on Wednesday, traders said. The cattle markets continue to rebound from recent losses that were technically overdone, analysts said. Front-month CME October live cattle futures reached its highest price since Sept. 16 at 124
The number of breeding cows in the U.S. has dropped by a million head, which is one of the factors that’s been driving wholesale beef prices higher.
Beef cattle, News

Cattle producers struggle but beef suppliers are doing just fine

Wholesale beef prices at record levels but those strong prices haven’t made their way to producers

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Glacier FarmMedia – The good news is that beef prices are extremely strong, even in the face of record beef production in North America. “We have record-high wholesale beef prices right now,” CANFAX manager and senior analyst Brian Perillat said at the recent (and virtual) Canadian Beef Industry Conference. Unfortunately, cattle prices are just not
CME October 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, feeder cattle extend gains

December hogs touch one-week low

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle and live cattle futures rose on Tuesday amid technical buying, while lean hog futures finished mixed. Both cattle markets have been due to rebound after recent selloffs dragged prices too low at a time when demand is solid, brokers said. Live cattle futures topped a one-week
Higher pork production this year versus last year has eased China’s imports of its staple protein.
Comment, Op/Ed

Comment: China lightens interest in pork imports but loads up on beef

Falling pork prices in China have quelled demand for imports

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Reuters – U.S. pork trade with China made a big breakthrough two years ago as the Chinese hog herd was thinned by disease and political relations began to mend, though U.S. exports to the top pork consumer have not performed as well this year relative to those from other suppliers. China’s pork production is expected

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