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CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, red lines) and August 2021 feeder cattle (black line). (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures sag on technical selling

Wholesale beef prices supportive

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Chicago | Reuters — U.S. cattle futures closed lower on Wednesday on lacklustre cash markets, soaring feed costs and technical selling, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.95 cents at 117.25 cents/lb., with chart-based selling accelerating as the contract fell below its 100-day moving average near 117.65 cents (all figures
Hogs, News

U.S. pork processors face higher costs, slower speeds after court ruling

They’re asking the USDA to push back against the court ruling the agency failed to evaluate the effect of new rules on worker health

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Reuters – An industry group representing North America’s biggest meat packers has pushed the U.S. Department of Agriculture to appeal a Federal Court decision that cancelled an agency rule that allows pork plants to slaughter pigs more quickly. The decision issued on March 31 in U.S. District Court in Minnesota could raise costs for meat
Workers disinfect a conveyor belt, part of the measures installed to help slow the spread of coronavirus disease (COVID-19) at the Seaboard Foods pork-processing plant in Guymon, Oklahoma, May 17, 2020.
Hogs, News

U.S. court slams brakes on Trump-era hog slaughter line-speed rule

Union cheers ruling, saying faster line speeds harm processing plant workers

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Reuters – The largest U.S. meat-packing union is celebrating a recent victory in Federal Court that it said invalidated a Trump-era rule allowing hog slaughter plants to run without line-speed limits. A lawsuit brought against the U.S. Department of Agriculture (USDA) by the United Food and Commercial Workers Union and three of its local chapters
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
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: Firm beef prices lead cattle futures higher

CME lean hogs' rally pauses

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Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange climbed to a contract high on Monday, led by firming wholesale beef prices as the summer grilling season approaches with the U.S. economy seems poised to rebound from the coronavirus pandemic, traders said. Feeder cattle futures also set contract highs. CME April

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