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CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle, feeder cattle touch three-week highs

July lean hogs close lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped a three-week high in the most-active contract on Friday before ending lower amid pre-weekend profit-taking, analysts said. Feeder cattle futures also exceeded a three-week high, while lean hog futures came under pressure at the CME. Strong demand for cattle from meatpackers and a decline […] Read more
Lisa Thompson. (LisathompsonMPP.ca)
General

Ontario ag minister returns in another Tory majority

Lisa Thompson retains seat in election

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Ontario’s governing Progressive Conservatives will head back to the legislature with their incumbent agriculture minister at the caucus table. Lisa Thompson, Premier Doug Ford’s minister of agriculture, food and rural affairs since June last year, easily held her southwestern riding of Huron-Bruce in Thursday’s provincial election by a spread of 15,594 votes over Liberal challenger […] Read more
CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle firm on strong demand

Lean hogs mixed near unchanged

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Chicago | Reuters — Chicago Mercantile Exchange Group live cattle futures firmed on Thursday, supported by steady cash prices across the U.S. Plains, as well as strength in consumer beef demand, despite inflationary forces, analysts said. “The feeling two, three weeks ago was that beef demand wasn’t that good and was going to really start […] Read more
(Creativex/iStock/Getty Images)
General, Weather

Environment Canada sees cool summer for Manitoba

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MarketsFarm — Manitoba and eastern Saskatchewan could be in for a cooler-than-normal summer, according to the latest long-range outlook from Environment Canada. The latest seasonal forecast from the government agency, released Tuesday, calls for a 40 to 80 per cent chance of below normal temperatures from June through August across all of the agricultural regions […] Read more
CME July 2022 lean hogs (candlesticks) with Bollinger bands (20,2) and CME lean hog index (pink line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs firm on summer demand, tight supplies

Lower corn futures support feeder cattle

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Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures firmed on Wednesday, supported by strong demand that has pushed cash prices higher. “We’re still looking at tighter supplies in front of us,” said Rich Nelson, chief strategist at Allendale Inc. Pork demand firms during the summer, with U.S. grilling holidays such as Father’s […] Read more
CME July 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines) and CME lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures fall despite strong demand

Markets see 'a risk-off day'

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Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures fell on Tuesday, amid outside pressure from agricultural markets, despite strength from strong slaughter and cash hog prices. “We just had a risk-off day,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “Cash trade kicked up and is trading above the board.” The CME’s […] Read more
File photo of the dome of the U.S. Capitol Building in Washington, D.C.
Free Market Reflections

Dittmer: Marketing and production challenges

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I understand there has been talk of interprovincial inspection and beef sales in Canada. There has been talk and legislation introduced to allow interstate meat sales down here but nothing has happened legislatively from that angle. However, USDA does now have a program to assist existing smaller plants to upgrade facilities from state regulatory standards […] Read more
CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures fall as feed costs rise

Pre-Memorial Day consolidation seen

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Chicago | Reuters — CME Group hog and cattle futures eased on Friday, with rising soy and corn futures raising feed costs for livestock producers. Traders noted consolidation trade ahead of the U.S. Memorial Day holiday weekend. U.S. grain and livestock markets will be closed on Monday. The nearby June hogs contract fell 0.7 cent, […] Read more
CME June 2022 lean hogs (candlesticks) with 20-, 40- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: June hogs touch four-week high

June, August live cattle futures up slightly

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Chicago | Reuters — CME Group hog futures rose to their highest level in more than a month on Thursday, supported by strong exports and concerns about a slowing slaughter, traders said. Cattle futures ended the trading day close to unchanged. The U.S. Agriculture Department on Thursday morning said that export sales of pork totaled […] Read more

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