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CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle set two-week low

Lean hogs touch June low

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stumbled to their lowest level in more than two weeks on Wednesday, while lean hogs hit their lowest price since June. Drought prompted U.S. cattle producers to reduce their herds since last year by driving up feed costs and reducing the amount of pasture available
CME October 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Technical selling extends setback in CME lean hogs

Live cattle futures generally sideways

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Chicago | Reuters — Chart-based selling drove Chicago Mercantile Exchange lean hog futures lower on Tuesday, brokers said, as the market extended a recent setback. Most-active October lean hog futures fell 0.95 cent, or 1.2 per cent, to settle at 78.2 cents/lb. and touched their lowest price since July 3 (all figures US$). The contract
The pork sector is concerned about the legal precedent of the state-level Prop 12.
Hogs, News

U.S. pork firms divided over bill to overturn Prop 12

The California animal welfare law is set to come into effect in the New Year

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Reuters – Some big U.S. pork producers that have spent money to comply with a California law requiring more living space for certain farm animals are lukewarm about legislation proposed in the U.S. Congress that would overturn the state law. Why it matters: Canadian pork groups say Prop 12 will introduce non-tariff trade barriers and
There have been recent large investments in the Manitoba Pork sector.
News

Study puts numbers to pork sector’s economic contribution

Pork’s outlook positive despite headwinds, industry says

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Twenty-two thousand, or 55 per cent, of all agriculture and food processing jobs in Manitoba are tied to the hog sector, according to a new study released by the Manitoba Pork Council. “The contributions of Manitoba’s hog farming and pork processing sector to the provincial economy are substantial and show that our sector is an
CME October 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures fall as packers’ profit margins in red

Lean hog futures show gains

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday, as cash cattle prices eased and packers continued to hemorrhage profits and remained reluctant to pay more for animals, analysts and traders said. Meanwhile, lean hog futures firmed as profit margins improved for pork processors. Limited cattle supplies kept a floor under the
CME October 2023 live cattle with 20- and 50-day moving averages and August 2023 live cattle (black line). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle firm, hogs mixed

Cattle supply outlook overrides demand concerns

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, buoyed by a round of technical support as the market remained near last week’s highs. Feeder cattle contracts also posted gains, while lean hog futures were mixed Traders said that tight supplies underpinned cattle futures prices despite demand concerns. CME August live
CME October 2023 live cattle with 20-, 30- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle steady to weak

Hogs mixed with demand in focus

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures were steady to weak, while hog futures were mixed on Tuesday, with the market pressured by demand concerns as the end of grilling season nears, traders said. August live cattle futures ended unchanged at 179.7 cents/lb. (all figures US$). Most-active October live cattle fell 0.525 cent,
(Scott Bauer photo courtesy ARS/USDA)
Hogs, Livestock

Anti-ASF funds designated for Manitoba Pork

Three initiatives will be funded through the federal African swine fever preparedness program

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The Manitoba Pork Council’s efforts against African swine fever now have almost $1 million in extra financial padding. On Aug. 3, Agriculture and Agri-Food Canada announced $944,340 in funding for Manitoba’s hog farm group. Funds were provided through AAFC’s African Swine Fever Industry Preparedness Program and were slotted for three initiatives: Squeal on Pigs, increased
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME cattle firm on steady-higher cash

Lean hog futures regained after softening on Thursday

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Friday, supported by underlying strength in the cash markets and tighter cattle slaughter, analysts said. August live cattle futures LCQ3 added 2.400 cents to 180.900 cents per pound. Most-active October live cattle LCV3 lifted 1.600 cents to settle at 182.900 cents per pound.

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