Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Tuesday as strong beef demand and expectations of higher prices in the cash market lent support, traders said. “When you have futures trading at a discount to the cash market, that usually creates a bullish situation,” Lane Broadbent, president of KIS Futures, said.
U.S. livestock: CME live cattle end up on beef demand
PEDv seen pushing U.S. 2014 pork production down two per cent
Reuters — U.S. pork production is likely to decline about two per cent this year due to the spread of porcine epidemic diarrhea (PED), the U.S. Department of Agriculture said in its monthly livestock outlook report. Live hog prices were expected to increase as a result of the pig virus, the report said. As of
USDA seen considering mandatory reports of PEDv outbreaks
Chicago | Reuters — The U.S. government is considering rules that would require outbreaks of a deadly pig virus to be reported to the government in an effort to improve tracking of the disease, which has already spread to 30 states, an industry group said Monday. Porcine epidemic diarrhea virus (PEDv) has killed millions of
U.S. livestock: CME hogs end firm on fund buying, higher wholesale pork
Chicago | Reuters — Fund buying boosted Chicago Mercantile Exchange hogs more than one per cent on Monday while wholesale pork prices also underpinned prices, traders said. Hog futures rose late in the session as traders actively bought summer hog contracts. The CME April hog contract rose 1.52 per cent due to its discount to
U.S. livestock: Short-covering, cash trade support CME cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Thursday supported by short-covering and expectations of at least steady cash trade, traders said. “The packers have tried to buy cattle on their own terms, but the supplies are so tight,” said Lane Broadbent, analyst at KIS Futures. “It appears they may
U.S. weekly PEDv reports increase
The outbreak is increasing costs and reducing production
Confirmed cases of a deadly pig virus spreading across the U.S. Hog Belt jumped by 215 to its highest weekly increase since it was discovered in the country in April 2013, according to USDA’s National Animal Health Laboratory Network. NAHLN announced the rise in cases of porcine epidemic diarrhea virus (PEDv) on Jan. 28. Each
U.S. livestock: CME cattle pressured by anticipation of lower cash trade
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended slightly lower on Thursday, pressured by expectations of lower cash trade, and weaker wholesale beef prices, traders said. Beef packers will be reluctant to pay higher prices for cattle in the cash market as wholesale beef prices come off recent highs and their profit
Fire temporarily shuts Cargill Nebraska beef plant
Reuters — Cargill said its beef processing plant in Schuyler, Neb. was closed early Thursday due to a fire and an ammonia leak. The causes of the fire and ammonia leak are unknown at this time. Damage to the plant was still being assessed, but no injuries were reported, said Cargill spokesman Michael Martin. Both production
U.S. livestock: CME lean hogs surge, cattle firm
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped more than one per cent on Wednesday, fueled by firm cash hog prices and fund buying, traders said. Heavy snowfall and cold temperatures across a large portion of the U.S. Midwest and Plains regions also lent support to hog futures due to uncertainty about
U.S. livestock: CME live cattle end lower, hogs firm
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Tuesday, pressured by technical selling and by anticipation of softer cash prices in the near term, traders and analysts said. The CME February live cattle contract fell below the 20-day moving average, triggering some technical selling, a trader said. There was talk of
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