Latest Newsletter

Tag Archives Pork — page 27

CME February 2022 live cattle (candlesticks) with 50-day moving average (black line) and August 2022 live cattle (pink line). (Barchart)
Livestock, Markets

U.S. livestock: Nearby CME live and feeder cattle futures ease

By
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday, remaining near recent highs as back-month contracts climbed to new highs on expectations of tighter supplies to come. CME February live cattle futures settled down 0.775 cent at 138.925 cents/lb., though back-month contracts starting with August 2022 found new life-of-contract highs (all […] Read more
CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets

U.S. livestock: CME hog futures touch four-week high

Chicago cattle futures ease

By
Chicago | Reuters — U.S. hog futures rose for the fourth straight trading session on Monday, as the market continued to see support from a government report last week that showed smaller-than-expected national inventory numbers, traders said. Most-active February hog futures settled the day up 0.425 cent at 83.65 cents/lb. (all figures US$). Earlier in […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle, hog futures sag as broad selling hits markets

Crude, U.S. equities caught in sell-off

By
Chicago | Reuters — Chicago Mercantile Exchange livestock futures slumped on Monday as traders reduced risk in the face of rising coronavirus cases, brokers said. Selling hit a range of markets including crude oil, which lost more than three per cent, and U.S. stocks. “The risk-off trade is back today,” said Dan Norcini, an independent […] Read more
CME February 2022 lean hogs (candlesticks) with 20- and 100-day moving averages (yellow and brown lines) and CME lean hog index (black line). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures end mixed ahead of USDA data

Chicago cattle close lower, rangebound

By
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mixed on Friday, with the front February contract gaining against deferred months as traders squared positions ahead of a quarterly U.S. government hog report due next week, traders said. Most-active February hog futures settled up 0.45 cent at 80.8 cents/lb., while April hogs ended […] Read more
CME February 2022 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and dark red lines) and CME lean hog index (black line). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures up in thin trade

February live cattle up on bargain buying

By
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose in thin trade on Thursday to halt a three-session slide, buoyed by firming cash hog markets and higher wholesale pork prices, analysts said. Most-active February hog futures settled up 1.025 cents at 80.35 cents/lb. (all figures US$). Trading volume for all months was estimated […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, purple and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures down on meat export worries

China resuming some Brazilian beef imports

By
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell more than one per cent on Wednesday on technical selling, softer cash cattle markets this week and worries about export demand for U.S. beef, traders said. CME February live cattle fell 1.725 cents to settle at 136.575 cents/lb., just below the contract’s 50-day moving […] Read more
CME February 2022 live cattle (candlesticks) with 10-, 20- and 50-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures fall on weak cash markets

Hog futures down for fourth day

By
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Wednesday, pressured by technical selling and signs of weakness in the cash markets, traders said. Hog futures were lower for the fourth day in a row, with the front-month contract sinking to its lowest in 10 months on weak export prospects and a […] Read more
Livestock, Markets

U.S. livestock: Cash, export markets lift CME live cattle

December hogs lower, February up

By
Chicago | Reuters — CME Group cattle futures rose on Thursday, with the front-month live cattle contract hitting its highest since June 2017 on support from strength in the cash markets. Rising overseas demand also lent support cattle futures after the U.S. Agriculture Department said that weekly beef export sales totaled 30,000 tonnes, the most […] Read more
CME February 2022 live cattle (candlesticks) with 10-, 20- and 50-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs fall, live cattle firm

By
Chicago | Reuters — CME lean hog futures fell on Wednesday, hit by profit-taking after rallying in the previous session, traders said. Live cattle futures were firm but gains were kept in check as the market consolidated near the 4-1/2-year highs hit earlier in the week. CME December lean hogs fell 1.55 cents to 76.175 […] Read more
In a normal year, a $400 million drop in exports would be massive news. But Canadian exporters have found alternative markets for Canadian pork, mostly Mexico and the Philippines.
Markets, News

Alternative pork export markets soar as Chinese sales fall

Philippines, Mexico help offset large drop in shipments to China caused by COVID concerns and softer domestic demand

By
Glacier FarmMedia – Canada’s pork exports to China were $609 million in the first seven months of 2021. That sounds decent, but sales to China were $1.025 billion at the end of July in 2020, which means Canadian pork exports to China are down $400 million this year. In a normal year, a $400 million […] Read more

Cyber-Savvy Farmer

Glacier Farmmedia Podcast