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Tag Archives lean hog

Livestock, Markets, Reuters

U.S. livestock: Hog futures take a breather

April live cattle up, but well down off highs

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures consolidated on Friday as the market caught its breath after pulling back from contract highs reached last week. Strong demand for U.S. pork from China recently supported hog futures, as China is battling the fatal pig disease African swine fever, which increased its need […] Read more
Livestock, Markets, Reuters

U.S. livestock: Pork export sales rise, profit-taking hits hog futures

Cattle futures down while beef exports up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Thursday as profit-taking overshadowed strong U.S. export demand, analysts said. The U.S. Department of Agriculture, in a weekly report, said weekly net U.S. pork export sales were 59,600 tonnes for 2021, up 68 per cent from the prior four-week average. Weekly export […] Read more
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up on new swine fever outbreak in China

April live cattle down, feeders up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Wednesday as China reported a new outbreak of a deadly pig disease, raising expectations that Chinese importers could increase U.S. purchases. China’s farm ministry confirmed African swine fever in piglets being illegally transported through Funing county in the southwestern province of Yunnan. The […] Read more
Livestock, Markets, Reuters

U.S. livestock: Lean hogs down off recent gains

April live cattle end up off five-week low

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped 2.7 per cent on Tuesday as the market retreated from recent surges. Profit-taking has weighed on prices since most-active April hog futures reached a life-of-contract high on Thursday. Still, traders said robust Chinese demand for pork imports is underpinning the futures market. Traders are […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle hit five-week low

Technical selling, weaker beef prices bring pressure

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Chicago | Reuters — Technical selling on Monday drove Chicago Mercantile Exchange live cattle futures to their lowest prices in more than five weeks, while lean hog futures recovered from a sell-off. The cattle market’s losses brought the most-active April contract down six per cent from a life-of-contract high reached on Feb. 16. Strong domestic […] Read more
Livestock, Markets, Reuters

U.S. livestock: Hog futures drop on end-of-month profit taking

Live cattle book biggest one-day drop since November

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Chicago | Reuters — U.S. hog futures dropped 2.9 per cent on Friday, with traders locking in profits from the rally on the last session of February. The loss, which pulled the market from the nearly two-year high hit on Thursday, was the biggest for hogs in percentage terms since Nov. 19. It snapped a […] Read more
Livestock, Markets, Reuters

U.S. livestock: Hog futures limit-up to highest since May 2019

Cattle futures bounce on bargain buying

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Chicago | Reuters — U.S. lean hog futures rose their daily limit on Wednesday, hitting their highest in nearly two years on tight frozen stocks and expectations for strong Chinese demand, traders said. The U.S. Agriculture Department’s cold storage report issued on Tuesday afternoon fueled buying on Wednesday. “Belly and trim stocks are at four-year […] Read more
Livestock, Markets, Reuters

U.S. livestock: Hog futures rise to highest since July 2019

April cattle dip to below 30-day moving average

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Chicago | Reuters — Chicago Mercantile Exchange live hog futures rose to their highest since July 2019 on Tuesday, underpinned by strong demand. Cattle futures weakened for the fourth time in five days, with the most-active April live cattle contract sinking to a one-month low as activity at meat processors picked up with improving weather […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures fall as supplies seen rising

April lean hogs up from Friday

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Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by expectations of rising supplies as improving weather conditions in the southern U.S. Plains will allow meat processors to increase their slaughter, traders said. A deep freeze last week across Texas and the southern U.S. Plains caused power failures that shut down meat […] Read more
Livestock, Markets, Reuters, Weather

U.S. livestock: Live cattle end week lower

Hogs down on Olymel's plan to ship Canadian hogs south

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Chicago | Reuters — U.S. live cattle futures rose on Friday, but failed to end the week higher as a cold snap across the U.S. Plains and into Texas hampered slaughterhouses and backed up cattle, traders said. “There’s still a big mess,” said Dennis Smith, commodity broker at Archer Financial. “The good news is, the […] Read more

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