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Daily Network News

  • File photo of a CFIA vehicle. Photo: File

    B.C. ostriches culled, CFIA confirms

    2 days ago
  •  Photo: Canada Beef

    U.S. livestock: Cattle, hogs end week on high note

    2 days ago
  • U.S. grains: Soybeans bounce as Chinese demand assessed, wheat drops

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Pigs


Lean hogs HEG24 on Dec. 22 with the 20-day moving average. (Barchart)
Markets, Reuters

U.S. livestock: CME lean hogs firm, but face bigger-than-expected US herd

Live cattle ended the day down, feeder cattle were up

By P.J. Huffstutter, Reuters, GFM Network News December 22, 2023
Chicago Mercantile Exchange lean hogs turned higher on a technical bump on Friday, and cattle futures were mixed on moderate cash trades, traders said.

CME live cattle futures LEG24 on Dec. 21. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures face renewed pressure

Lean hog futures ended the day mixed

By P.J. Huffstutter, Reuters, GFM Network News December 21, 2023
Chicago Mercantile Exchange cattle futures were mostly sharply lower on Thursday as traders sold off or shifted their positions ahead of a series of key government reports, analysts said.


Photo: File
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm on hopes of higher cash prices

The trade is expecting a smaller hog herd, Reuters survey shows

By P.J. Huffstutter, Reuters, GFM Network News December 20, 2023
Chicago Mercantile Exchange cattle futures firmed on Wednesday amid technical trading, weakness in U.S. corn futures and hopes of higher cash prices next week as packers close out the year, analysts said.

Live cattle futures LEG24 on Dec. 19 with 20, 50 and 100 day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures fall on technical trading ahead of reports

Lean hog futures also ended the day lower

By Reuters, Tom Polansek, GFM Network News December 19, 2023
Chicago Mercantile Exchange cattle futures closed lower on Tuesday on technical trading and investors adjusting their positions ahead of a series of key government reports, analysts said.


Live cattle LEG24 for Dec. 18 with moving averages for 20, 50 and 100 days. (Barchart)
Markets, Reuters

U.S. livestock: Cattle extend advances on technical buying, firm equities

Lean hogs end slightly down after early jump

By Reuters, Tom Polansek, GFM Network News December 18, 2023
Chicago Mercantile Exchange live cattle and feeder cattle futures closed higher on Monday on technical buying and support from firmer equities, analysts said.

Photo: Thinkstock
Markets, Reuters

U.S. livestock: CME lean hogs jump following recent slide

Live cattle futures have bounced a bit after sinking last week to a 14-month low

By Reuters, Tom Polansek, GFM Network News December 14, 2023
Lean hog futures climbed at Chicago Mercantile Exchange on Thursday as the market rebounded from recent losses amid short covering and hopes that cash prices may have reached a bottom, analysts said.


Sides of pork in cold storage. (Agnormark/iStock/Getty Images)
Livestock, Markets, Reuters

U.S. livestock: CME hogs decline further as cattle face renewed pressure

"I think we're still trying to hunt for a bottom": analyst

By Reuters, Tom Polansek, GFM Network News December 13, 2023
Chicago Mercantile Exchange lean hog futures extended a slump, as live cattle futures came under renewed pressure with broad selling hitting agricultural markets on Wednesday.

A file photo of cattle mustering in Australia’s Outback. (Hypedesk/iStock/Getty Images)
General, Markets, Reuters

Australia says China has lifted some restrictions on meat imports

Aussie trade minister calls it a positive step in improving relations between the countries

By Reuters, GFM Network News December 12, 2023
Australia's trade ministry said on Tuesday that China had lifted restrictions on imports of meat from three Australian abattoirs, in the latest sign of improving relations between the two countries.


Photo: Thinkstock
Markets, Reuters

U.S. livestock: CME cattle rise with boxed beef prices, bounce from recent decline

CME lean hogs hit lowest price since Nov. 28 contract low

By Reuters, Tom Polansek, GFM Network News December 11, 2023
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures advanced on Monday as wholesale beef prices increased and the market rebounded from a 2% slide last week, brokers said.

(SmithfieldFoods.com)
General, Markets, Reuters

Smithfield Foods ends contracts with 26 US pig farms, citing oversupply

American pork producers have been losing money as pig prices, consumer demand bump against high costs

By Reuters, Tom Polansek, GFM Network News December 6, 2023
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.


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