Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Friday and the most-active August contract recorded its biggest weekly gain since April, supported by expectations of thinning U.S. hog supplies, traders said. A glut of hogs has hung over the futures market for months, but traders see supplies starting to […] Read more
Tag Archives Beef Cattle — page 29
U.S. livestock: CME hogs book biggest one-week climb since April
Preconditioning gives calves better start when entering feedlots
Calves that are properly vaccinated, given protein-rich feed and taught to use a waterer before leaving home tend to better manage feedlot stress
Bovine respiratory disease is the leading cause of sickness and death in newly received feedlot calves. An ounce of prevention is worth a pound of cure for these youngsters that may be immuno-compromised after weaning and transportation. “When you look at the entire North American feedlot industry this disease alone and the losses associated with […] Read more
U.S. livestock: Lean hogs end lower
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell about three per cent on Thursday on sluggish cash markets, traders said, retreating after a two-session surge that lifted the August contract to a near-three-week high a day earlier. CME August lean hogs settled down 2.55 cents at 79.175 cents/lb., one day after […] Read more
U.S. livestock: Hogs up on technical buying, cash values
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures neared a three-week high on Wednesday, buoyed by a mix of technical buying and ideas that a glut of U.S. hog supplies was showing signs of tightening, traders said. Fears of an expansion in Asia of the African swine fever (ASF) outbreak in China […] Read more
Klassen: Feeder market softens on limited volumes
Compared to last week, western Canadian feeder cattle prices were steady to $3 lower on average. Many auction barns were on holidays last week. Auctions that did hold sales had limited numbers on offer. The feeder market remains under pressure due to negative feeding margins, firm feed grain values and weakness in deferred live cattle […] Read more
U.S. livestock: Hogs limit up on firming cash pork, China hopes
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures roared higher on Tuesday, with the most-active August and October contracts settling up by the daily three-cent-per pound limit on a mix of technical buying, firmer cash pork values and optimism about U.S. trade talks with China, traders said. CME’s most-active August lean hogs […] Read more
U.S. livestock: CME live cattle jump on firmer cash trade
Chicago | Reuters –– Chicago Mercantile Exchange (CME) live cattle futures settled higher on Friday and set a one-month top, buoyed by higher cash cattle trades in northern states including Nebraska and Iowa, traders said. The U.S. Department of Agriculture (USDA) confirmed that more than 22,000 head of cattle traded Wednesday in Nebraska, mostly from […] Read more
Canada proposes China meat export solution
Reuters — Canada offered a plan to reassure China about the security of its meat export system, a Canadian minister said on Wednesday, as Ottawa rejected Chinese criticism of its efforts to enlist allies to resolve a diplomatic dispute between the countries. China said last week it wanted the Canadian government to stop allowing meat […] Read more
U.S. livestock: CME lean hogs end down, live cattle up
Chicago | Reuters –– Chicago Mercantile Exchange (CME) lean hog futures closed lower on Wednesday on technical selling including profit-taking and long liquidation ahead of the U.S. Independence Day holiday, along with bearish supply fundamentals, traders said. CME’s benchmark August lean hogs contract ended down 0.6 cent at 78.375 cents/lb., turning lower after rising to […] Read more
U.S. livestock: Nearby lean hogs firm on bargain-buying, China hopes
Chicago | Reuters — Chicago Mercantile Exchange (CME) nearby lean hog futures closed higher on Tuesday for a second session on technical buying after last week’s multimonth lows and hopes that a resumption of U.S.-China trade talks could spur export demand for U.S. pork, traders said. U.S. President Donald Trump and Chinese President Xi Jinping […] Read more
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