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Hogs

(PorkBeInspired.com)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Brisk pork demand pushes CME lean hogs higher

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed up more than two per cent Wednesday on short-covering after a third straight session of wholesale pork price gains, traders said. Spot October closed 1.8 cents/lb. higher at 69.775 cents, and December up 1.7 cents at 64.675 (all figures US$). Wednesday morning’s wholesale pork price […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle take biggest drop in four months

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Chicago | Reuters — Chicago Mercantile Exchange live cattle fell three per cent on Tuesday, their biggest one-day percentage setback since early May, following the U.S. stock market tumble amid global financial concerns, traders said. Spot-October settled 1.875 cents/lb. lower at 141.325 cents, and December down 1.8 cents at 143.625 cents (all figures US$). Wall […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle fall, hogs rise on month-end trading

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by weak wholesale beef values and profit-taking on the final trading session of the month, traders said. Spot-August futures, which expired at noon CT, settled 1.025 cents/lb. lower at 145.5 cents (all figures US$). October, the new lead month, ended […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cash price sentiments extend CME live cattle gains

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher for a second straight session on Friday in anticipation of this week’s cash prices, traders said. Spot-August futures, which will expire on Monday, ended 1.875 cents/lb. higher at 146.525 cents, and October up 1.425 cents, at 143.975 cents (all figures US$). “Feedyards and […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Wall Street surge rallies CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday, prodded by the stock market comeback as data showed better-than-expected second-quarter U.S. economic growth, traders said. Renewed consumer confidence in the economy could support demand for U.S. goods, including meat, they said. Short-covering and bargain hunting furthered CME live cattle market advances […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Hogs hit two-month high on export hopes

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Chicago | Reuters –– U.S. lean hog prices jumped two per cent to the highest in more than two months on Tuesday, extending steep gains from the previous session on hopes of increased export demand, especially to China, traders and analysts said. Expectations that prices may have reached their seasonal bottom also prompted speculative buying […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Hogs, Livestock, Markets

Chinese demand seen eating into pork supply glut

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CNS Canada –– Canadian pork producers have seen increased demand from China in recent weeks, which could boost prices in coming months. Despite turbulence in the China’s economy, an industry specialist says exports should be little affected. Pork prices are sensitive to economic change to an extent, but not as much as non-food markets, said […] Read more

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