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CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle futures hit one-month low

USDA data awaited; hogs down on wholesale pork price weakness

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Thursday with the most-active April contract hitting a one-month low on technical selling, soft cash cattle markets and weak wholesale beef prices, traders said. CME February live cattle settled down 0.85 cent at 155.95 cents/lb., near its 50-day moving average, after touching 155.375
CME April 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hog futures sag as pork prices hover near two-year lows

Live cattle mixed, March feeder cattle up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday as cash hog prices remained soft and wholesale pork prices lingered near two-year lows, traders said. “We continue to search for a bottom on the hogs, and the cash market stays under pressure,” said Don Roose, president of Iowa-based U.S. Commodities. “It’s
CME March 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures sag on long liquidation, rising grains

Hogs end mixed as traders' net long position shrinks

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, on spillover weakness from feeder cattle futures and long liquidation as market players responded to a hefty net long position held by commodity funds, analysts said. CME February live cattle settled down 0.725 cent at 157 cents/lb. and April futures fell 0.8
Piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)
Hogs, Livestock

China’s 2022 pork output highest in eight years

Average hog weights remain relatively high

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Reuters — China’s pork output increased 4.6 per cent in 2022 from 2021 to reach its highest level since 2014, official data showed on Tuesday, confounding some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since 56.71 million tonnes recorded eight years
Quebec hog producer Rene Roy is the new chairman of the Canadian Pork Council. (Cpc-ccp.com)
Hogs, Livestock

Canadian Pork Council names new top brass

Rene Roy elected as council's new chair

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A few weeks after hiring a new executive director, members of the Canadian Pork Council have also chosen their new board chair and first vice-chair. The council on Tuesday announced it had elected Rene Roy, a hog producer from St-Jules in Quebec’s Beauce region, as its new board chair, and Scott Peters, a producer from
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle end firm on tight supplies, lower weights

Hogs mixed on weak cash prices, higher cutout

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mostly firm on Friday, underpinned by tight supplies and as harsh winter weather in recent weeks lowered cattle slaughter weights and limited beef production, traders said. Live cattle futures prices remained bound in a recent trading range as cash cattle prices at Plains feedlot
Hogs, Markets

Pork cutout sinks, dragging down lean hog prices

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Reuters – Weak cash hog prices and lower pork values dragged the market to a fresh three-month low Jan. 11, traders said. Pork packer margins have eroded and the closely followed cash wholesale pork cutout value fell to the lowest level in nearly two years on the same day. “The anchor on the hogs is
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs end mixed, cattle mostly lower

Corn's rally put pressure on feeder cattle futures

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mixed on Thursday, with actively traded nearby months down on weak pork prices and dull demand, while deferred contracts rose on expectations for tighter supplies in coming months, traders said. The February hog contract was down for the 10th time in 11 sessions and
CME February 2023 lean hogs with 20-day moving average (pink line) and CME cash lean hog index (purple line). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs drop as pork cutout sinks to near two-year low

Cattle futures also follow beef values lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday for the ninth time in 10 sessions as weak cash hog prices and lower pork values dragged the market to a fresh three-month low, traders said. Pork packer margins have eroded and the closely followed cash wholesale pork cutout value fell on

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