(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: CME lean hogs surge to near six-month high

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday climbed to their highest level in almost six months, fuelled by short-covering following strong cash and wholesale pork prices, said traders. Technical buying developed after February and March futures surpassed their respective 10-day moving averages of 65.662 and 69.023 cents (all figures US$). February








(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle prices lukewarm on mixed factors

Western Canadian feeder cattle markets were steady to $2 higher compared to week-ago levels. All weight classes experienced lukewarm buying interest, despite improving margins in the feedlot sector. Most auction barns experienced minimal numbers; cow-calf producers are holding back on sales hoping for stronger values and extreme cold temperatures hindered cattle movement, especially in the



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle gain on bargain-buying

Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures gained about one per cent on Monday, rebounding from earlier losses on support from a round of bargain buying, traders and analysts said. Feeders fell to a 3-1/2-week low before reversing higher, while live cattle tested Friday’s multiweek low and then turned higher