pigs in a barn

Pork producers warned of difficult year ahead

Hog profits last year will shrink in 2015

Despite racking up solid profits in 2014, Manitoba hog farmers face an uncertain year ahead because of falling prices, rising feed costs and problems in financing new barn construction. Last year was a turning point for Manitoba’s long-suffering pork producers, who finally saw a return to profitability after years of low prices, high costs and

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle, hogs slump on demand, supply jitters

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell hard Wednesday on profit-taking led by slack meat sales ahead of increased supplies later, traders said. February closed 0.5 cent per pound lower at 158.6 cents, and April down 2.675 cents, to 151.1 cents (all figures US$). Tuesday’s U.S. Department of Agriculture supply/demand report





(CMEGroup.com)

U.S. livestock: Bargain hunters reverse CME hog futures losses

Chicago | Reuters — Chicago Mercantile Exchange lean hogs rallied on Friday, with some contracts up the three-cents-per-pound price limit, fueled by bargain hunting following futures’ plunge to a six-year low in the previous session, traders said. February closed 0.6 cent/lb. higher at 63.875 cents, while April and May ended three cents higher at 69.275

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: CME hog futures hit six-year low as supply woes persist

Chicago | Reuters — Chicago Mercantile Exchange lean hogs sagged to a six-year low Thursday, pressured by continued worries over plentiful supplies that sank futures to a five-year bottom on Wednesday, traders said. February closed 1.825 cents per pound lower at 63.275 cents, and set a new contract low of 62.85 cents in electronic trading


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Supply worries drop lean hogs to five-year low

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hogs fell to their lowest level in five years Wednesday as abundant supplies of heavyweight hogs pressured cash prices and hurt wholesale pork demand, traders said. “We’re simply supply-bearish,” said U.S. Commodities analyst Don Roose. Market-ready (cash) hogs in the Midwest sold steady to $1 lower

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle rebound with beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher after Tuesday’s choppy session, supported by the wholesale beef price upswing that trumped initial selling, traders said. February closed 0.55 cent per pound higher at 153.75 cents, and April up 0.975 cent, to 150.575 cents (all figures US$). Tuesday morning’s choice wholesale beef



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle post gains after wild ride

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Friday after an up-and-down session, ultimately supported by short-covering and futures’ discounts to cash prices, traders said. February closed 1.325 cents per pound higher at 154.85 cents, and April up 1.775 cents, to 152.275 cents (all figures US$). This week, packers paid