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Tag Archives hogs

CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hogs limit-down on profit-taking

Cattle futures continue lower

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Chicago | Reuters — U.S. lean hog futures sank by their daily exchange-imposed trading limit on Thursday as profit-taking overwhelmed the market following blistering rallies, analysts said. The setback is a turnaround from gains that have lifted profits for pig farmers after they struggled last year when the COVID-19 pandemic reduced restaurants’ demand for meat
CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs limit-down off highest in nearly seven years

Follow-through selling drags on live cattle

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Chicago | Reuters — Chicago Mercantile exchange lean hog futures dropped sharply on Monday, with numerous contracts closing down the daily three-cent limit on a round of profit-taking after the front-month contract hit its highest since June 2014 last week. “We have had a strong run and we are coming up a little bit short
"There is a significant disparity in the fees being charged between Manitoba and Ontario and that’s something that is cause for concern for producers here.” – Cam Dahl, Manitoba Pork Council.
Hogs, News

Pork council to fight fee hike on deadstock pickup

Producer group says lack of alternatives has left hog operations at the whim of bioproduct recycling company Rothsay

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The Manitoba Pork Council is pushing back against what it says is an explosive increase in the cost of on-farm deadstock pickup, and it is taking the fight to the Competition Bureau of Canada. The organization has lodged an official complaint after what it says is a tenfold jump in the cost of an on-farm
CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle ease after week of rising cash cattle, beef prices

Lean hog futures continue higher

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Chicago | Reuters — U.S. live cattle futures on the Chicago Mercantile Exchange eased on Friday, as basis between cash cattle and futures narrowed, analysts said. “We had some profit taking, because the cash market finally surged higher,” said Cassie Fish, analyst and author at the blog, The Beef. Cash cattle traded as high as
CME June 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink, red lines) and CME lean hog index (purple line). (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs strengthen on strong demand, firm exports

Live cattle down despite beef, cash strength

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Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange climbed higher on Thursday as tight supply and firm export demand offered support, analysts said. “A lot of that has to do with COVID and the pent-up demand we have, with more things opening up,” said Joe Kooima, commodity broker at Kooima
CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs gain as swine fever worries open up export markets

Boxed beef values lift live cattle futures

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Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange jumped higher on Wednesday on fears of African swine fever rising across parts of Asia, as well as tight domestic supply as the U.S. rebuilds its hog herd after culling during the height of the COVID-19 pandemic, analysts said. The Philippines reduced
CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle up with consumer beef demand

Demand, cash prices also support hogs

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Chicago | Reuters — U.S. live cattle futures on the Chicago Mercantile Exchange climbed higher on Tuesday, supported by strong consumer beef demand and a firming cash beef market, analysts said. “The demand for protein is strong,” said Altin Kalo, economist at Steiner Consulting Group. It’s people getting ready for the spring and restaurants opening

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