U.S. livestock: Hog futures sink two per cent with sagging cash prices

Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled two per cent on Monday, pressured by lower prices for market-ready or cash hogs, traders said. The morning’s average of hogs in the eastern Midwest dropped $1.02 per hundredweight (cwt) from Friday to $110.56, according to the U.S. Department of Agriculture (all figures US$). Hog

Sask. sets up pre-emptive PEDv response fund

Saskatchewan and its hog industry are setting up a contingency fund against the day porcine epidemic diarrhea (PED) arrives in the province. The federal and Saskatchewan governments on Thursday announced $200,000, to be matched by industry association Sask Pork, to offset “costs related to disease containment strategies, welfare issues, enhanced marketing efforts and mortality management”



USDA to require reporting of PEDv, SDCV

Washington | Reuters –– In an expected move, the U.S. Department of Agriculture on Friday announced new measures to combat the spread of diseases such as porcine epidemic diarrhea (PED) in the U.S. pig population. While PED is not considered a reportable disease according to international standards, USDA will now require reporting of the PED


U.S. livestock: CME hog futures climb, live cattle fall before holiday

Chicago | Reuters — Chicago Mercantile Exchange hog futures on Thursday finished higher on fund buying and short-covering ahead of the Easter holiday, traders said. CME will be closed on Friday in observance of the Good Friday holiday. Some investors bought the May and June contracts in anticipation of a post-Easter uptrend in cash hog



Man speaking into microphone at conference

COOL not going away

Supporters will move quickly to replace if it is struck down

Even if Canada wins its battle against country-of-origin labelling at the World Trade Organization (WTO) this summer, Canadian livestock producers could still lose the war. Congressman Collin Peterson, the ranking member of the U.S. house committee on agriculture, told reporters here last week there are groups in the U.S. that support COOL regulations and want

U.S. livestock: Pork price rebound rallies CME hogs

Chicago | Reuters — Chicago Mercantile Exchange hog futures on Wednesday settled higher after a choppy day of trading, supported by unexpectedly strong demand for pork at wholesale, traders said. Wednesday morning’s wholesale pork price turned $2.38 per hundredweight (cwt) higher at $124.11, after falling $2.68 the day before, according to U.S. Department of Agriculture



U.S. livestock: Cash price uncertainty weakens CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle turned lower, pressured by profit-taking and uncertainty regarding this week’s slaughter-ready or cash prices, traders said. Bullish participants see packers paying steady to higher money for cattle to be delivered during the first full slaughter week after the Easter holiday. They also cited possible beef cutout