Chicago | Reuters — U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back. Deferred feeder cattle futures also set contract highs. An outbreak of African swine fever in China fueled the temporary advances in deferred hog […] Read more
Tag Archives feeder cattle
U.S. livestock: Deferred hog futures set contract highs for fourth day
U.S. livestock: Deferred CME hog futures set contract highs
Chicago | Reuters — U.S. hog futures rallied to new contract highs in deferred months on Wednesday on projections that China will accelerate pork imports in the last half of the year, following an outbreak of an incurable swine disease. China is expected to import more pork to fill a hole in protein supplies left […] Read more
U.S. livestock: Deferred CME hogs extend gains on China virus outbreak
Chicago | Reuters — U.S. hog futures closed mixed on Tuesday as front-month contracts stumbled in a setback from recent gains, while deferred contracts rose on expectations for increased demand from China due to an outbreak of a fatal hog disease. Gains in the market have been fueled by worries about an epidemic of African […] Read more
Klassen: Alberta demand drives feeder market higher
Compared to last week, western Canadian yearling prices were $2-$4 higher while calves were relatively unchanged. Stronger fed cattle prices in the deferred positions along with lower new-crop barley values resulted in a firmer tone. We’re in the last half of April and quality cattle will be hard to come by in 30 days; this […] Read more
U.S. livestock: CME hogs push higher as herds in China suffer from virus
Chicago | Reuters — U.S. hog futures closed mostly higher on Monday on increasing expectations that China will need to import more pork to compensate for hogs killed in an outbreak of an incurable swine disease. The front-month contract, which is thinly traded, set its highest price in about 21 months as the market rose […] Read more
U.S. livestock: CME lean hogs up third straight session
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Friday for a third straight session on expectations that an outbreak of African swine fever in China’s hog herd would prompt the Asian country to import more pork, traders said. Traders were still digesting Thursday’s export sales report from the U.S. […] Read more
U.S. livestock: CME lean hogs surge on strong pork sales
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Thursday on strong weekly U.S. pork export sales, traders said, including more than 77,000 tonnes sold to China as a fatal hog disease continued to spread in the Asian country. CME live cattle futures followed hogs up but settled off their […] Read more
U.S. livestock: CME live cattle down as weather fears ease
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Wednesday for a second straight session as worries eased about a blizzard disrupting feedlots in the U.S. Plains, traders said. “The storm system for the most part moved further to the north — more to South Dakota, and missed a lot of […] Read more
U.S. livestock: CME hogs limit down, retreating from last week’s top
Chicago | Reuters — Most months of Chicago Mercantile Exchange lean hog futures closed down the daily three-cent trading limit on Tuesday on softening cash markets and profit-taking following contract highs set last week, analysts said. “The cash market has slowed down. It was down a little yesterday and the carcass values were weaker this […] Read more
Klassen: Feeder market incorporates risk premium
Fed and feeder cattle markets have incorporated a risk premium due to the uncertainty in beef production. Adverse weather has plagued much of the U.S. Midwest over the past couple of months and the six- to 10-day forecast calls for above-normal precipitation. Compared to last week, western Canadian yearling markets traded $2-$3 higher on average […] Read more
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