CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, purple and black lines). (Barchart)

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

China resuming some Brazilian beef imports

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 Bollinger bands (20,2). (Barchart)

U.S. livestock: Cattle futures sag on weaker cash markets

CME lean hogs decline

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly lower on Tuesday on profit-taking after a two-session advance, softer cash cattle prices and weaker wholesale beef prices, traders said. CME February live cattle settled down 0.55 cent at 138.3 cents/lb. but stayed inside of Monday’s trading range (all figures US$). For feeder […] Read more


CME February 2022 live cattle (candlesticks) with 10-, 40- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: Cattle up off three-week low in technical bounce

Hogs ease

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, bouncing off a three-week low on technical buying, analysts said. CME February live cattle settled up 0.775 cent at 138.85 cents/lb., rebounding after a dip to 136.85 cents, just below the contract’s 40-day moving average and its lowest since Nov. 18. […] Read more

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New China import rules bring headaches for food, beverage makers

Cooking oil, milled grains among foods moved to higher-risk categories

Beijing | Reuters — Makers of Irish whiskey, Belgian chocolate and European coffee brands are scrambling to comply with new Chinese food and beverage regulations, with many fearful their goods will be unable to enter the giant market as a Jan. 1 deadline looms. China’s customs authority published new food safety rules in April stipulating […] Read more


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U.S. packer profit margins jumped 300 per cent during pandemic, economists say

Increased costs don't explain higher profits, White House advisors say

Washington | Reuters — Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. Financial statements of the meat-processing companies — which control 55 to […] Read more

CME February 2022 lean hogs (candlesticks) with 10-, 30- and 50-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Hog futures extend rebound off 10-month low

Bargain buying supports cattle

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Friday, extending gains made a day earlier when the market rebounded from a 10-month low. The gains accelerated as prices surged through key resistance points, and the market closed near session highs. CME February lean hogs settled up 3.2 cents at 81.025 cents/lb. […] Read more


CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: Hog futures climb with pork prices

Hog slaughter seen accelerating; beef export picture drags on cattle

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded on Thursday from four sessions of losses, amid an accelerating slaughter pace and indications that pork prices may be near a bottom following a prolonged slide, traders said. The daily hog slaughter was slower-than-normal earlier this week, which some analysts said may be a […] Read more

CME February 2022 live cattle (candlesticks) with 10-, 20- and 50-day moving averages (pink, dark red and black lines). (Barchart)

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

Hog futures down for fourth day

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



CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Hog futures fall on concerns over supply glut

February live cattle up slightly

Chicago | Reuters — Chicago Mercantile Exchange hog futures plunged four per cent on Monday, hitting their lowest level in nearly a month, as robust supplies threatened profits even as pork prices edged off their recent lows, traders said. Pork processors earned $22.90 per hog, down from $46.25 per hog on Friday and $43.20 a […] Read more