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CME August 2021 lean hogs (candlesticks) with 20- and 50-day moving averages (pink and brown lines) and August 2021 live cattle (red line). (Barchart)
Livestock, Markets

U.S. livestock: Hogs drop on weaker pork, falling prices in China

Live cattle down with cash beef prices; feeder cattle up as corn eases

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Chicago | Reuters — U.S. lean hog futures fell sharply on Monday, continuing a retreat from multi-year highs set earlier this month as cash pork prices dropped and worries increased about Chinese import demand for U.S. pork. Technical selling and profit-taking have sped the multi-session decline after the actively traded Chicago Mercantile Exchange August lean
CME August 2021 live cattle (candlesticks) with 20-day moving average (dark red line), CME July 2021 lean hogs (pink open/high/low/close) and CME lean hog index (black line). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle up on bargain-buying

CME lean hogs mostly lower; feeder cattle down on corn's bounce

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Chicago | Reuters — U.S. live cattle futures firmed on bargain-buying on Friday after a steep plunge a day earlier, with expectations of steady to higher cash cattle prices next week adding support, traders said. “The market is chopping around but it looks like it needs to go back to the upside to price in
CME August 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and August 2021 live cattle (dark red open/high/low/close). (Barchart)
Livestock, Markets

U.S. livestock: Hogs limit down for second consecutive day

CME August cattle end lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell by an exchange-imposed limit for a second consecutive session on Thursday as commodities declined broadly. Selling by index funds fueled losses in markets from hogs to cattle and corn, after the U.S. Federal Reserve signaled it might raise interest rates sooner than expected,
CME August 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and black lines) and August 2021 live cattle (dark red line). (Barchart)
Livestock, Markets

U.S. livestock: Hogs limit down on new China stats

Live cattle futures up with cash values

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell their daily three-U.S.-cent limit on Wednesday, pressured by falling U.S. wholesale prices for pork products and news of increasing hog numbers in China, traders said. China’s pig herd rose 23.5 per cent in May from a year earlier, state media said on Wednesday,
CME August 2021 live cattle with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle hit two-month high

CME lean hogs end mixed

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose more than two per cent on Tuesday, setting a two-month high as deferred prices for corn, the main feed grain for cattle, continued to fall, traders said. CME benchmark August live cattle futures settled up 2.625 cents at 123.9 cents/lb. after reaching 124.125
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market heating up

Volumes thin with auction barns in holiday mode

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Compared to last week, western Canadian yearling steers traded $3-$4 higher while yearling heifers were steady to $2 higher. Mid-weight calves or young yearlings from 600 to 800 lbs. were $3-$5 higher on average. Calves under 600 lbs. were relatively unchanged. Favourable rains across the Prairies have enhanced crop prospects for barley and wheat. April
CME August 2021 live cattle (candlesticks) with 20- and 100-day moving averages (brown and black lines) and CME August 2021 lean hogs (pink line). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures climb as corn prices cool

Lean hogs end lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose on Monday, reaching a one-month top as falling prices for feed grains lifted feeder cattle futures, traders said. CME August live cattle futures settled up 1.25 cents at 121.275 cents/lb. after reaching 121.575 cents, the contract’s highest since May 13. August feeder cattle
CME August 2021 live cattle (candlesticks) with 20- and 100-day moving averages (dark red and black lines) and CME July 2021 lean hogs (pink line). (Barchart)
Livestock, Markets

U.S. livestock: Cattle gain on strong packer margins

Profit-taking sinks hogs

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures firmed on Friday on strong beef plant margins and good demand from packers for fed cattle, traders said. Cash beef prices have flattened after a prolonged run higher, but packers continue to make a large profit on each animal slaughtered. “We’re probably seeing that our
CME July 2021 lean hogs (candlesticks) with June 2021 lean hogs (pink line), June 2021 live cattle (dark red line) and August 2021 live cattle (black line). (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs end mostly higher

Cattle futures advance

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mostly higher on Thursday on elevated pork prices and strong demand, although profit-taking clipped some of the gains, traders said. Lightly traded June hog futures climbed to the highest for a spot month contract in nearly seven years. More actively traded nearby contracts

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