(CMEGroup.com)

U.S. livestock: CME live cattle retreat while awaiting cash trade

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Wednesday after investors pocketed profits while waiting for this week’s prices for market-ready (cash) cattle, traders said. April closed 1.45 cents per pound lower at 161.55 cents, and June was down 0.875 cent at 151.45 cents (all figures US$). Cash cattle bids surfaced

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle futures buck early losses, hogs wilt

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Tuesday following improved wholesale beef values and futures’ discount to last week’s cash prices, traders said. April closed 0.55 cent per pound higher at 163 cents, and June was up 0.575 cent at 152.325 cents (all figures US$). Tuesday morning’s choice wholesale beef


hog prices chart

Lean hog futures plunge to a six-year low

Market Outlook: What was first seen as a downward correction was a longer-term trend

Lean hog futures have lost 57 per cent of their value since prices peaked at a historical high of $134 per hundredweight on July 15, 2014. As always, the news was incredibly bullish at the top. Expectations for higher hog prices ran rampant, as the industry was concerned about the PED virus outbreak and the



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end up, hogs mixed

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday as expectations of steady-to-higher cash trade later this week lifted futures, traders said. April closed 1.225 cents per pound higher at 163.025 cents and June closed 1.15 cents/lb. higher at 153.375 cents (all figures US$). “The market is anticipating better cash cattle




(CMEGroup.com)

U.S. livestock: CME hogs close firm after USDA report

Chicago | Reuters — Chicago Mercantile Exchange lean hogs gained modestly on Monday, helped by short-covering and deferred-month buying pegged to Friday’s U.S. Department of Agriculture quarterly hog report, traders said. Last Friday’s report showed active herd expansion during the December-February quarter that slowed as producer profits waned. Nearby hog futures bounced around throughout the


(USDA.gov via Flickr)

USDA hog report confirms active herd growth as PED fears ease

Reuters — The U.S. hog herd grew seven per cent during the December-February quarter versus the same period last year, a U.S. Department of Agriculture report showed on Friday, reflecting producer profitability and the less-severe porcine epidemic diarrhea (PED) virus, said analysts. Hog farmers willingly expanded their herds after vaccines and tighter biosecurity measures offset