Chicago Mercantile Exchange hog futures on Tuesday rose in anticipation of hot weather in the U.S. Plains pushing up cash hog prices, traders and analysts said. Hot humid weather tends to slow hog weight gains, resulting in fewer animals available for packers and less fresh pork for grocers. CME’s hog index, at 102.51 cents, fueled
Rising temperatures heat up U.S. hog futures
Slumping beef demand weakens U.S. live cattle futures
Chicago Mercantile Exchange (CME) live cattle futures posted modest losses on Friday with lower wholesale beef prices, traders and analysts said. August live cattle closed down 0.075 cent per pound, to 121.85 cents. October ended at 126.075 cents, or 0.35 cent lower (all figures US$). The U.S. Department of Agriculture’s Friday afternoon data showed the
Most U.S. hog futures slide with cash, pork prices
Most Chicago Mercantile Exchange hog futures finished weaker on Thursday with lower cash hog and wholesale pork prices, traders and analysts said. The U.S. Department of Agriculture’s Thursday morning mandatory wholesale pork price, or cutout, was $102.70 per hundredweight (cwt). The price slipped 48 cents from Wednesday and fell six out of seven days (all
U.S. hog futures spike, live cattle sag as funds roll
Chicago Mercantile Exchange hog futures spiked on Wednesday as funds sold the August contract and bought deferred months led by the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI). Funds that follow the S+PGSCI shifted their CME hog and live cattle August long positions mainly into October. Wednesday was the third of five days for
Pork price rebound lifts U.S. hog futures
Chicago Mercantile Exchange hog futures rose on Friday after wholesale pork prices shrugged off pre-holiday losses ahead of U.S. Independence Day, analysts and traders said. CME hogs finished up 0.69 per cent for the week. Spot July hogs settled 0.725 cent/lb. higher at 102.35 cents, and then marked a new contract high of 102.4 cents
Piglet virus spreads to North Carolina’s hog farms
A swine virus deadly to piglets has been discovered on two hog farms in North Carolina, an official in the No. 2 hog-producing U.S. state said Tuesday. Porcine epidemic diarrhea virus (PEDV) was found at a sow farm, where piglets are born, and at a finishing farm where hogs are fattened up for slaughter, said
U.S. live cattle, hog futures gain before holiday
Chicago Mercantile Exchange live cattle futures gained modestly before the U.S. Independence Day holiday supported by higher wholesale beef prices, analysts and traders said. CME livestock markets closed at noon CT on Wednesday in advance of the holiday. Markets will reopen on Friday at 9:05 a.m. CT. The U.S. Department of Agriculture on Wednesday morning
U.S. hog futures slide with pork prices
Chicago Mercantile Exchange hog futures on Tuesday slid for a third straight session as lower wholesale pork values stirred profit taking, traders and analysts said. The U.S. Department of Agriculture’s Tuesday evening mandatory wholesale pork price, or cutout, was $106.91 per hundredweight (cwt), $1.50 lower than Monday (all figures US$). The cutout was largely pressured
U.S. hog herd holds steady, pigs per litter set record
The U.S. hog herd in the latest quarter was mostly steady with a year earlier, a U.S. government report showed on Friday, and down slightly from trade forecasts. However, producers had a record number of pigs per litter during the period at 10.31, up about two per cent from a year earlier. USDA showed the
Profit-taking, cheap corn sink U.S. hog futures
Chicago Mercantile Exchange hog futures dropped on Friday pressured by profit taking and sharply lower Chicago Board of Trade corn futures, traders and analysts said. CBOT corn spiraled downward in response to larger-than-expected U.S. Department of Agriculture acreage estimates. Cattle and hog producers may feed more livestock and fatten them to heavier weights if corn
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