Chicago | Reuters — Chicago Mercantile Exchange hog futures ended lower on Thursday after packers paid less money for market-ready, or cash, hogs as prices for pork at wholesale eased, said traders. Packer interest in raising hog bids waned in the midst of plentiful supplies and while Smithfield Foods closed some of their plants to […] Read more
Tag Archives pork prices — page 3
U.S. livestock: CME hogs stumble on lower cash, pork prices
Hog prices steadying as barbecue season nears
CNS Canada — With barbecue season on the horizon, prices for Canadian pork rose during the week ended April 27, breaking out of their month-long fall. The timing could be perfect, as negotiators have already begun working on improving trade relations and cancelling proposed tariffs on Chinese imports of U.S. pork and other goods. “Prices […] Read more
U.S. livestock: Pork demand, wintry weather boost CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose for a second straight session on Monday, driven by improved wholesale pork prices and a winter storm churning in parts of the upper western Corn Belt, said traders. April hogs closed 1.225 cents/lb. higher at 68.8 cents, and May finished 1.1 cents higher at […] Read more
U.S. livestock: Hogs rally from four-month lows on fund buying
Chicago | Reuters — U.S. lean hogs climbed 1.7 per cent on Tuesday, rallying on technical and investment fund buying after falling to more than four-month lows last week, traders and analysts said. Rising wholesale pork prices also bolstered hog futures amid expectations the meat was becoming more competitive with more pricier beef cuts. Live […] Read more
U.S. livestock: Lean hogs rally on short-covering, bargain buying
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied more than two per cent on Monday in a short-covering and bargain-buying rebound from steep declines last week and as cash pork prices rose. The actively-traded Chicago Mercantile Exchange April contract touched a 4-1/2 month low early in the trading session but recovered to […] Read more
U.S. livestock: Weaker cash, pork prices drop CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday were pressured by lower cash and wholesale pork prices, said traders. They said February futures lost technical support while other contracts triggered sell stops after drifting below Thursday’s lows. February hogs closed down 0.225 cent/lb. to 73.175 cents, below the 20-day moving average […] Read more
U.S. livestock: CME hogs slump on technical selloff
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Tuesday in the wake of technical selling that largely overshadowed bullish market fundamentals, said traders. U.S. stock market volatility, after their worst ever daily point loss on Monday, kept CME livestock market traders on the defensive. Some funds that bailed out of stocks […] Read more
Pork exports key in 2018 as U.S. slaughter ramps up
CNS Canada –– Canadian pork producers should see higher returns for their product in the spring of 2018, but whether those prices last may determine how successful Canada is at tapping new markets. According to U.S. Department of Agriculture supply estimates, weekly U.S. hog slaughter numbers over the past two months have averaged 2.369 million […] Read more
U.S. livestock: CME hogs at three-month low on cash, pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs drifted to a three-month bottom on Monday, in response to lower cash and wholesale pork prices, said traders. Sell stops and deferred-month future’s premiums to CME’s hog index for Dec. 7 at 65.48 cents further weighed on contracts. December hogs, which will expire on Dec. 14, […] Read more
U.S. livestock: Lower cash, pork prices pull down CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished lower on Wednesday, pressured by weaker cash and wholesale pork prices, said traders. Fund liquidation further weighed on the market, they said. December hogs, which will expire on Dec. 14, ended down 0.45 cent/lb. at 63.825 cents (all figures US$). Most actively-traded February closed 1.55 […] Read more
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