(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Lower cash prices drop hog futures

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs slumped for a third consecutive session on Friday as hefty supplies continued to drag down prices for market-ready (cash) hogs, traders said. Spot-August futures finished 0.75 cent/lb. lower at 77.325 cents, and most-active October down 0.325 cent at 64.125 cents. Friday morning’s average hog price in

(CMEGroup.com)

U.S. livestock: Bearish fundamentals sink CME hog futures

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs tumbled more than two per cent on Thursday following the morning’s cash hog and wholesale pork price retreat, traders said. Spot-August futures finished 2.15 cents/lb. lower at 78.075 cents, and most-active October down 2.325 cents at 64.45 cents (all figures US$). Thursday morning’s average market-ready (cash)


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle close mixed, hogs lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle settled mixed on Wednesday after investors bought the August contract and sold deferred months prompted by the morning’s wholesale beef price increase, traders said. Spot-August futures closed 0.45 cent/lb. higher at 148.675 cents, and October was down 0.025 cent at 148.175 cents (all figures US$). Wednesday

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle stretch rally into fourth straight day

Chicago | Reuters –– Chicago Mercantile Exchange live cattle barely eked out a four-day win streak after Tuesday’s choppy session, underpinned by anticipation of the same or better cash prices than a week ago, traders said. Spot-August futures closed 0.225 cent/lb. higher at 148.225 cents, and October up 0.1 cent at 148.2 cents (all figures


U.S. livestock: Burdensome supply worries drag down CME hog futures

Chicago/Reuters – Chicago Mercantile Exchange lean hogs closed lower on Friday as hefty supplies continued to pressure cash and wholesale pork values, traders and analysts said. August ended down 1.175 cents per lb at 78.500 cents, and October 1.975 cents lower at 63.725 cents. Market-ready, or cash, hogs in the western Midwest sold at $73.63 per

U.S. livestock: CME live cattle futures finish mostly weak; hogs lower

Chicago/Reuters – Most Chicago Mercantile Exchange live cattle contracts ended weak on Thursday, after investors sold deferred months and bought August led by near-term bullish fundamentals, traders said. August closed up 0.300 cent per lb at 145.225 cents, October down 0.025 cent at 146.450 cents and December 0.150 cent lower at 148.125 cents. Market-ready, or



Cash a barrier for hedging hogs

Cash a barrier for hedging hogs

Pork producers have received federal funding to find ways of making the futures market less risky

The Canadian Pork Council is exploring the possibility of using forward pricing programs as a risk management tool, but are concerned not all producers will have enough on-hand cash needed for hedging. “With hedging, you need to have cash for the calls and so on, security money,” explained council chairman and Manitoba producer Rick Bergmann.


U.S. livestock: Beef price turnaround rallies CME live cattle futures

U.S. livestock: Beef price turnaround rallies CME live cattle futures

Feeder cattle futures close sharply higher, strong lean hog futures settlement

Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts finished in positive territory on Tuesday for the first time in five sessions, fuelled by active short-covering following the recent wholesale beef price rise, traders and analysts said. August closed 2.025 cents per lb higher at 145.050 cents, and October 2.825 cents at 146.800 cents. The morning’s

Photo: Thinkstock

U.S. livestock: CME live cattle finish flat-lower after choppy session

Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts settled flat to moderately lower following an up-and-down day on Monday, after traders sold deferred contracts and bought August because of its discount to last week’s cash prices, traders and analysts said. Short-covering and the morning’s wholesale beef price uptick at times helped underpin the nearby trading