Reuters — Tyson Foods, the largest U.S. meat processor, said Friday it expects pork supplies to drop two to four per cent this fiscal year, raising wholesale prices, as a deadly pig virus spreads through the U.S. hog belt. Heavier hogs will offset some of the loss in headcount, Jim Lochner, Tyson’s chief operating officer,
Tyson says pig virus to cut pork supply by two to four per cent
U.S. livestock: CME live cattle futures end firm, hogs slip
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled firm on Thursday as investors adjusted positions ahead of the government’s annual cattle inventory report that will be released on Friday, traders said. Analysts expect Friday’s data to show the U.S. cattle herd likely fell for a seventh straight year, but the rate of
U.S. pig virus cases see biggest weekly rise since discovery
Reuters — 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 Wednesday.
U.S. meat industry groups want COOL repealed
Reuters — U.S. meat industry groups and packers have stepped up efforts to seek repeal of a law that requires products to have a country-of-origin label, citing increased costs and conflicts with trade partners, now that the Farm Bill passed by the House of Representatives on Wednesday keeps the COOL law in place. The American Meat
Fatal pig virus spreads in U.S. hog herd
Reuters — The number of confirmed cases of a deadly pig virus that is spreading across the U.S. Hog Belt rose by 122 in the latest week, according to the USDA’s National Animal Health Laboratory Network (NAHLN). That brings the total to 2,394 in 23 states as of the week ended Jan. 18. But the
U.S. livestock: CME live cattle end higher on short-covering
Chicago Mercantile Exchange live cattle rose Thursday as investors covered short positions, while weaker cash cattle trade limited futures advances, traders and analysts said. Cash cattle traded in light volumes in Texas and Kansas at $130 per hundredweight (cwt), $1 lower than the previous week, feedlot sources said. Wednesday morning, a few cash cattle traded
U.S. livestock: Live cattle settle up slightly, hogs mixed
Chicago Mercantile Exchange live cattle futures settled slightly higher on Wednesday as investors anticipated steady cash cattle trade later this week, traders said. The front month December live cattle closed up 0.225 cent per pound at 131.9 cents. February settled up 0.15 cent, at 132.8 cents (all figures US$). Traders shrugged off news that U.S.
U.S. livestock: Live cattle futures settle mixed, hogs lower
Chicago Mercantile Exchange live cattle futures closed mixed on Tuesday, with the December contract supported by steady cash expectations for this week while bearish spreads pressured the February contract, traders said. Cash cattle asking prices in Texas and Kansas surfaced at $134 per hundredweight (cwt) with no bids from packers, feedlot sources said. Last week,
U.S. livestock: Hog futures end mixed, cattle firm
Chicago Mercantile Exchange hogs closed mixed on Monday as investors bought the February contract and sold spot December futures before it expires on Dec. 17, traders and analysts said. Spot December ended 0.3 cent per pound lower at 81.375 cents. February hogs closed 0.85 cent higher at 89.85 cents (all figures US$). The December contract
U.S. livestock: Hog futures fall to eight-month low
Chicago Mercantile Exchange hog futures on Thursday fell to an eight-month low, pressured by fund selling and weaker cash hog prices, traders said. The U.S. Department of Agriculture on Thursday afternoon quoted the closely watched Iowa/Minnesota hog market at $77.70 per hundredweight (cwt), down $1.08 from Wednesday (all figures US$). Hog supplies have increased at
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