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Hog sector hit hard by pandemic

Market weakness seen likely to push some farmers out of business

MarketsFarm — COVID-19 has hit the hog sector hard, with the double-edged sword of large supplies and reduced demand weighing heavily on the market. “The prospect of profitability at current forward prices and at current cash prices is nil… and there’s really no prospect of making anything this year,” said Tyler Fulton, director of risk […] Read more

CME July 2020 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hogs down, cattle up on demand issues

Cash cattle values hint at increased demand

Chicago | Reuters — U.S. lean hog futures dipped on Tuesday, as questions continued to grow about whether pork export demand from China will surge and eat through massive domestic stockpiles, traders said. Meanwhile, cattle futures rose as the cash market showed hints of increased demand from packers hungry to supply grocery stores and restaurants […] Read more


CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Futures up as meat production grows

Live cattle up off last week's lows

Chicago | Reuters — U.S. live cattle futures rose on Monday, after plunging to their lowest price in more than a month last week, amid signs of meat production increasing — even as cash market prices continue to strain livestock producers’ profits. Chicago Mercantile Exchange August live cattle rose 0.675 cents, to 96 cents (all […] Read more

CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle futures touch one-month low

Improving production pressures hog futures

Chicago | Reuters — U.S. live cattle futures dropped to their lowest price in more than a month on Friday, weighed down by expectations for increasing meat production. Beef output has improved as slaughterhouses have resumed operations after closing temporarily in April and May due to outbreaks of the new coronavirus among plant workers. The […] Read more


CME July 2020 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Lean hog futures down on large supplies

CME August cattle also close lower

Chicago | Reuters — U.S. lean hog futures extended a decline on Thursday under pressure from large supplies and rebounding pork production, analysts said. Traders expect meat packers to have ample hogs to slaughter after livestock backed up on farms when processing plants temporarily closed in April and May because of COVID-19 outbreaks among meatpacking […] Read more

CME August 2020 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hogs weaken on expectations for abundant supplies

Cattle futures seen as rangebound

Chicago | Reuters — U.S. lean hog futures fell on Wednesday on expectations for abundant pork supplies as meat processors work their way through pigs that backed up on farms when slaughterhouses shut due to the coronavirus pandemic. Traders expect meat packers to start eating into the backlog of hogs within the next two weeks […] Read more


CME August 2020 live cattle with 20-, 50- and 10–day moving averages. (Barchart)

U.S. livestock: Live cattle set one-week highs in rebound

Chicago lean hogs close lower

Chicago | Reuters — U.S. live cattle futures rose on Tuesday, reaching one-week highs in a rebound from losses last week, as traders noted that meat companies have been slaughtering more livestock. The number of livestock being killed each day has recovered from April and May, when processors temporarily shut slaughterhouses due to massive outbreaks […] Read more

CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle stabilize, beef prices fall further

Technical buying supports CME lean hogs

Chicago | Reuters — U.S. live cattle futures stabilized on Monday after falling last week as beef prices weakened, traders said. The market is expected to remain under pressure as beef production continues to recover from disruptions in April and May linked to coronavirus outbreaks among workers at meatpacking plants. Meat processors slaughtered an estimated […] Read more


CME August 2020 live cattle with 20- and 50-day moving averages. (Barchart)

U.S. livestock: Live cattle down as slaughter recovers, beef prices sag

Hog futures mostly up on technical buying

Chicago | Reuters — U.S. live cattle futures fell on Friday, pressured by softening prices for market-ready cattle and declining packer profit margins as wholesale beef prices continue to slide, analysts said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.825 cents at 93.9 cents/lb. and benchmark August fell 1.75 cents at 96.175 […] Read more

CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle firm on economic optimism

CME lean hogs close mostly higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second day on Thursday on technical buying and optimism that the U.S. economy may be on the upswing, analysts said. However, gains in nearby contracts trailed those in deferred months as a backlog of market-ready cattle and falling wholesale beef prices hung […] Read more