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

U.S. livestock: CME cattle sink to November lows

Lean hogs set contract high

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled on Monday as investors reduced risk and after the U.S. Department of Agriculture (USDA) last week confirmed producers placed more animals into feedlots in December, analysts said. USDA said cattle producers placed 1.96 million head in feedlots last month, up six per cent from a […] Read more
News, Purely Purebred

Friends of Canadian Simmental Foundation awards scholarships

Purely Purebred, news from the January 2022 issue of Canadian Cattlemen

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The Friends of Canadian Simmental Foundation is pleased to announce the recipients of its 2021 scholarships. It is great to see the optimism that was shown through the selection process this year, with more applications from more locations across Canada than ever before.  The quality and potential within the youth of our industry is great […] Read more
Live cattle market rally belies ‘broken’ claims
Markets, Prime cuts

Live cattle market rally belies ‘broken’ claims

Prime Cuts with Steve Kay

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U.S. lawmakers on both sides of the aisle clamored all last year for legislation to “fix the broken” live cattle market. Late in the year, some introduced measures that would upend the way in which the majority of live cattle are purchased by packers. They argued that the measures they proposed would put more money […] Read more
CME February 2022 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures surge to highest in over three months

U.S. cattle counts up from last year

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rose 1.5 per cent on Friday to hit their highest since mid-October, extending a rally on technical buying. Traders remained focused on the slaughter rate as COVID-19 disruptions have caused slowdowns at meat processors throughout the month. “The industry still isn’t functioning normally, though the processing […] Read more
CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures touch highest since mid-October

CME cattle futures down on day

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Chicago | Reuters — Chicago Mercantile Exchange hog futures jumped to their highest in more than three months on Thursday, supported by strength in the cash markets, traders said. Most actively traded February lean hogs rose 2.625 cents, to 84.925 cents/lb. (all figures US$). The front-month contract closed just below its session peak of 84.975 […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures weak

Hog futures firm

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, with mild profit-taking noted after rallying in three of the previous four sessions. Hog futures were firmer, extending their rebound from the five-week low hit last week. Most actively traded February lean hogs rose 0.7 cent to 81.6 cents/lb. (all figures US$). […] Read more
CME February 2022 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rebound, slaughter pace still weak

CME February live cattle up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures bounced back on Friday, though analysts said U.S. staffing shortages caused by COVID-19 infections continued to limit meat production. Most actively traded February lean hogs touched a one-week high and ended 3.05 cents stronger at 80.9 cents/lb. (all figures US$). The contract recovered after falling […] Read more
CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs dip on concern over slower slaughter, heavier pigs

Feeder cattle up as feed grain prices drop

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Thursday amid concerns that a reduced pace of slaughtering is limiting demand for pigs that are growing heavier, analysts said. Slow slaughtering has weighed on hog and cattle futures because livestock back up on farms when they cannot be processed, traders said. Slaughtering […] Read more

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