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CME August 2023 feeder cattle with 30-, 40- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Feeder cattle rally as corn prices sag

Live cattle, lean hogs down

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Chicago | Reuters — CME Group feeder cattle contracts rallied on Friday, their second day of gains, as weakening corn prices cut into feed costs and boosted profit margins at packers. Hog futures were weaker on follow-through selling after Thursday’s sharp decline. The August CME feeder cattle contract gained 3.275 cents, to 233.95 cents/lb., rising
CME August 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rise, hogs fall

Feeder cattle back in Bollinger range

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures firmed on Thursday, rebounding from a sharp decline a day earlier on support from weakness in the corn market. Live cattle futures also closed higher but hog contracts weakened, extending a sell-off that started on Wednesday as traders said the market remained technically overbought. Analysts
“If we get to the point that we have to use regulations to enforce [it], it’s not working.” – Cam Dahl, Manitoba Pork Council.
Hogs, News

Pork sector has new playbook against PED

The Manitoba Pork Council’s new PED elimination plan relies on surveillance, biosecurity and aggressive action, but leaves room for farms to tailor responses

By
Manitoba Pork’s new plan to combat porcine epidemic diarrhea, or PED, relies on disease surveillance, ‘wartime’ biosecurity, heavy crackdowns on infected farms and producer co-operation to eliminate the virus from the province. “The long-term impacts of a major PED outbreak every other year is not sustainable,” the plan document says. The pork council posted the
The interior of the HyLife Foods pork processing plant in Neepawa, Man.
News

Production to be minimally affected in HyLife layoffs

The Manitoba layoffs are mainly administrative staff, though the company also recently shuttered its Minnesota facility

By
La Broquerie-based pork company HyLife Foods says production will be minimally affected by layoffs it announced last week. “We are carefully restructuring to endure the current global conditions,” said president and CEO Grant Lazaruk in a June 9 news release, which announced the layoff of 87 employees, most of them administrative staff. The company has
CME August 2023 feeder cattle with Bollinger bands (20,2; right scale) and CBOT September 2023 corn (orange line, left scale). (Barchart)
Livestock, Markets

U.S. livestock: Feeder cattle down as corn extends rally

Hogs end lower off early gains

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures eased on Wednesday, with surging corn prices expected to boost feeding costs in the coming weeks, traders said. But live cattle contracts were close to unchanged. Hog futures fell from a nine-month high on a round of profit-taking, with the most-active August contract snapping a
Olymel’s Drummondville, Que. bacon plant.(Drumco.ca)
Hogs, Livestock, Markets

Olymel bacon plant deal a ‘signal,’ union says

Deal ends three-week strike at Drummondville

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Unionized workers at Olymel’s bacon processing plant at Drummondville, Que. have voted to accept a four-year deal, ending a three-week strike and serving as a “signal” to employers in the region, their union said. Olymel announced Friday that CSN-represented workers at the Bacon Inter-America facility, who’d been on strike since May 26, voted 93.6 per
Photo: File
Livestock, Markets

U.S. livestock: Hogs rally to nine-month high; cattle ease

Cattle futures weaker on seasonal slowdown and profit-taking round

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to a nine-month high as a recent slowdown in the pace of slaughter limited the amount of retail supplies. Cattle futures were weaker on an expected seasonal slowdown and a round of profit-taking, traders said. CME July hogs jumped three cents to 95.85 cents per
CME August 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle up as beef prices climb

Chicago lean hogs close mixed

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Friday ahead of a long U.S. holiday weekend, supported by strong beef prices and profitable margins for beef packers, traders said. CME’s benchmark August live cattle contract settled up 0.65 cent at 171.725 cents/lb. (all figures US$). The U.S. Department of
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle inch higher in technical bounce

Chicago lean hogs end mixed

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed modestly higher on Thursday on rising wholesale beef prices and a technical bounce after the benchmark August contract dipped to a two-week low. The cattle market has been consolidating after a surge to contract highs on June 7 triggered several days of
CME August 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle fall on technical selling

Wholesale pork prices lift hogs

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange fell on Wednesday on chart-based selling and expectations of a seasonal slowdown in beef demand in the coming weeks, traders said. CME benchmark August live cattle futures settled down 2.95 cents at 170.975 cents/lb., with technical selling accelerating as the contract dropped below

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