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CME June 2021 lean hogs (candlesticks) with 20-day moving average (pink line) and June 2021 live cattle (dark red line). (Barchart)
Livestock, Markets

U.S. livestock: Hogs rally again on pork prices, supply woes

June live cattle rise to even with June hogs

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures extended a sharp rally on Wednesday, touching contract highs for the fourth consecutive day on limited supplies and strong pork prices. U.S. pork demand is strong as sales have benefited after households received additional COVID-19 pandemic relief money from the federal government, analysts said. The
CME July 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures extend rally on cash prices, tight supply

Cash cattle, beef values see 'significant disconnect'

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit contract highs for the third consecutive day on Tuesday as a strong cash market and tight supplies pushed up prices. Solid demand for pork has helped boost the market, with meat processors paying up to buy hogs from producers, analysts said. The U.S. Department
china pigs
News, Other

China moves to cut corn, soy in feed rations

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Given China’s current demand, some see such a move reshaping global grain flow

China issued guidelines on April 21 recommending the reduction of corn and soymeal in pig and poultry feed, a measure that could reshape the flow of grains into the world’s top corn and soybean buyer. China’s corn prices surged more than a third in the most recent year following a drop in output and state
(Shadowinternet/E+/Getty Images)
Hogs, News

Manitoba ‘on track’ on PigCARE, PigSAFE registrations

Delays have extended deadlines on PigCARE and PigSAFE to January 2024

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Manitoba saw a surge of producers registered with the Canadian Pork Council’s (CPC) PigCARE and PigSAFE programs in the last year, but rollout has been slower than first hoped. Why it matters: The Manitoba Pork Council has said the programs, and their increased biosecurity and traceability requirements, are critical for maintaining market access. Just under
CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hogs set life-of-contract highs on tightening supplies

Cattle mixed on concerns for cash prices

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared to contract highs on Monday on tightening U.S. supplies and rising cash prices. Prices have been rallying as consumer demand is rising due to easing pandemic-induced restrictions on dining and travel, analysts said. Hog supplies are tight after some farmers euthanized hogs or performed
(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock, Markets

Workers call strike at Olymel hog plant in Quebec

Producers urged to prioritize heavier hogs when shipping

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Talks toward a new contract for unionized employees at meat packer Olymel’s hog slaughter and processing plant in Quebec’s Beauce region have ended in a strike. The Syndicat des travailleurs d’Olymel Vallee-Jonction-CSN, which represents over 1,000 staff at Vallee-Jonction, about 60 km southeast of Quebec City, called an “indefinite” strike effective Wednesday morning, the union
CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs climb on tightening hog supply

Higher feed costs weigh on feeder cattle futures; June live cattle up

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Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange gained on Friday on continued tight hog supplies that threaten to shrink available pork at a time when consumer demand remains strong. “Hog supplies are still shrinking seasonally. Pork supplies are figuring to tighten up as well,” said Doug Houghton, technical analyst
CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle gain on grain market uncertainty

Lean hogs down with cash market

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Chicago | Reuters — U.S. live cattle futures gained on Thursday, as mixed grain trade offered some relief for feed costs, while strong beef demand continued to support prices, traders said. CME’s June live cattle futures added 0.6 cent to 116.05 cents/lb., while August feeder cattle futures gained 0.975 cents to close at 149.875 cents/lb.
Pork producers say profitable prices are a welcome change, but the disconnect between farmgate prices and cutout values needs to be addressed.
Hogs, Markets, News

Market forecasts throw pork producers a bone

While feed prices have nibbled at margins, producer groups and marketers say the signals are good for pork producers in 2021

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Margins look good for pork producers — and so do the market forecasts, despite high feed prices cutting into farm profits. Both cash and futures values have been in a steady climb since February, according to Bill Alford, general manager of H@ms Marketing Services Co-op. “We haven’t seen these values since 2014,” he said, noting
CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures gain as supply outlook wanes

Live cattle ease on higher grain prices

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Chicago | Reuters — U.S. lean hog futures climbed on Wednesday, supported by tight supplies and low inventory of available young hogs for producers as summer demand ramps up, traders said. CME most-active June lean hogs added 2.45 cents, to 109.125 cents/lb., with all contract months but June notching life-of-contract highs (all figures US$). “Tighter

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