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“There’s not a day that goes by that we don’t hear about inflation or the rising cost of food.” – Susan Riese, Manitoba Pork Council.
Hogs, News

Pork sees growing goodwill in province

More Manitobans reported positive opinions about pork and pork production in annual sector survey

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The reputation of Manitoba’s pork industry was in a good place around this time last year. Results from a public survey conducted last December and shared at the Manitoba Pork Council’s eastern producer meeting Nov. 8 showed year-over-year growth in public goodwill compared to a similar survey conducted in 2021. Of Manitobans surveyed in December
Husbandry and veterinary bureau workers in protective suits disinfect a pig farm as a prevention measure for African swine fever in Jinhua, China, in August 2018.
Hogs, News

African swine fever plans continue to fall into place

Hog sector sees new compartmentalization rules as another way to plan ahead

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Glacier FarmMedia – Another piece has fallen into place in Canada’s two-track approach to African swine fever preparation. The Canadian Food Inspection Agency’s release of standards and the framework for “compartments” within hog production regions allows farmers and industry to get ahead of any future ASF outbreak. “It’s one of the tools we have to prepare for ASF,”
(WPohlDesign/iStock/Getty Images)
Markets

U.S. livestock: Short-covering boosts CME cattle after recent decline

The U.S. hog market traded sideways on Tuesday

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Chicago | Reuters — Short-covering lifted Chicago Mercantile Exchange live cattle and feeder futures on Tuesday, analysts said, extending a recovery from springtime lows reached last week. The markets were due to rise after recent fund liquidation and technical selling left the market oversold, analysts said. “The main thing is some short-covering here,” said Austin
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle up off last week’s sell-off

Lean hog futures also turn higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder futures advanced on Monday in a rebound from recent declines to multi-month lows. Short-covering helped boost the markets, as losses driven by fund liquidation and technical selling last week were overdone, brokers said. The U.S. beef industry still faces tight supplies of cattle, after
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle mixed, feeder cattle firm

Lean hogs up with pork cutout

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures ended the week mixed on Friday, as traders and analysts said technical and algorithmic trading sent contract prices whipsawing during the session. Feeder cattle futures firmed as Chicago corn futures posted a third straight weekly decline, as grain markets continued to react to a
CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle sell-off sends nearby contracts plunging

CME hogs mixed in choppy trade

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures fell sharply on Thursday, amid fund liquidation, growing concern over consumer demand and signs of prices falling in the cash market. Traders and funds scrambled to shed some of their long positions, after betting the bull market in cattle futures would continue well into the
CME December 2023 live cattle with 20-, 100- and 200-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rally late in session on technical buying

Hogs down on technical selling

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures saw a choppy day of trading on Wednesday, before rallying later in the session on short-covering and technical buying, traders said. December live cattle futures dipped below its 200-day moving average of $177.50 before bouncing up (all figures US$). January 2024 feeder cattle futures also
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures sink to May lows

CME December hogs continue higher

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Chicago | Reuters — U.S. cattle futures sank to their lowest prices since May on Tuesday on fund liquidation and profit-taking, traders said. Follow-through selling pressured the markets after losses on Monday, along with softer boxed beef prices, traders said. The U.S. Department of Agriculture priced choice cuts of beef at $300.38/cwt, down $1.34 from
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hog, cattle futures down on profit-taking

Cash hog values seen softer

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Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures closed lower on Friday, retreating on a round of profit-taking after the benchmark December contract rose to its highest level in a month. Soft cash hog values, weaker wholesale pork prices and a large weekly hog slaughter added to bearish sentiment. “We’ve had a pretty

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