(CMEGroup.com)

U.S. livestock: Short-covering sends CME hog futures higher

Chicago | Reuters –– Chicago Mercantile Exchange hog futures closed higher on Tuesday, driven by short-covering as some investors prepare for an early start of the Labour Day holiday weekend, traders said. Speculators bought CME hogs in the belief that the two-week slump in prices for slaughter-ready, or cash, hogs may be about to end. […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live, feeder cattle extend gains after USDA report

Chicago | Reuters –– Chicago Mercantile Exchange live and feeder cattle contracts closed higher for a third straight session on Monday, partly driven by Friday’s U.S. Department of Agriculture Cattle-On-Feed report, traders said. Initially, analysts considered the report mildly bearish because more cattle were placed in feedlots last month than forecasted. Some analysts later said […] Read more




U.S. livestock: CME hogs slide with cash, pork prices

Chicago | Reuters — Chicago Mercantile Exchange hog futures on Wednesday posted losses for a second straight day, pressured by eroding cash hog and wholesale prices. October ended down 2.325 cents at 92.5 cents per pound, and December at 86.425 cents, 2.2 lower (all figures US$). Wednesday afternoon’s average price of hogs in Iowa/Minnesota slumped […] Read more


(CMEGroup.com)

U.S. livestock: Profit-taking undercuts CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, weighed down by profit-taking that pared morning gains and snapped the market’s three-day winning streak. August live cattle ended 1.1 cents per pound lower at 150.5, and October down 1.325 cents at 147.225 cents (all figures US$). CME live cattle spiked […] Read more

(Dave Bedard photo)

Maple Leaf names ‘animal wellness’ chief

Canadian processing giant Maple Leaf Foods has gone to Ontario’s pork sector for the person to spearhead the setup of its “comprehensive animal wellness program.” The Toronto meat and processing company on Monday named Dr. Stephanie Cottee, a former provincial programs advisor with the Ontario provincial pork board, as its new “leader, animal wellness.” While at […] Read more