Farms.com Home   News

August lean hog futures settle down - CME

Chicago Mercantile Exchange (CME) live and feeder cattle futures fell on Monday on expectations for a seasonal dip in demand for livestock from meatpackers, Reuters reported, citing traders.

Packers slaughtered an estimated 115,000 cattle, down from 119,000 on Friday and unchanged from a week ago, according to US government data.

"As you get closer to the fourth (of July), demand usually tapers off," said Don Roose, president of US Commodities.

Cargill, one the four major US beef processors, said it suspended production at a beef plant in Dodge City, Kansas, after weekend rains caused part of the roof to collapse.

A prolonged closure could threaten demand for cattle for slaughtering, though it would use its broad supply chain to minimize disruptions to customers and producers if necessary, Cargill said.

CME August live cattle settled 1.15 cents lower at 184.275 cents per pound. CME August feeder cattle ended down 1.925 cents to 257.375 cents per pound.

Wholesale boxed beef prices firmed in the US Department of Agriculture's afternoon cutout report. Choice cuts were up $2.86 at $329.18 per hundredweight (cwt), while select cuts rose $1.91 to $306.41 per cwt.

"Consumers continue to buy expensive beef," Roose said. "They're buying beef at the expense of pork."

The USDA reported lower pork cutout values. Carcasses were priced at $95.41 per cwt, down $2.48, while bellies slid $6.41.

CME August lean hog futures settled down 1.325 cents to 88.175 cents per pound.

Source : The Pigsite

Trending Video

Heat Stress Killing Profits? - Dr. Jeff Hansen

Video: Heat Stress Killing Profits? - Dr. Jeff Hansen

In this episode of The Swine Nutrition Blackbelt Podcast, Dr. Jeff Hansen from Elanco shares practical strategies to reduce heat stress in grow-finish pigs. He discusses how rising temperatures affect feed intake, growth, and carcass quality, and explains how nutritional tools, such as Skycis, and environmental adjustments can help maintain performance during high-stress periods.

Listen now on all major platforms! "Technologies that reduce heat or metabolic stress in pigs deliver the greatest value during summer, when growth is challenged and profit potential is highest.

" Meet the guest: Dr. Jeffrey Hansen / jeff-hansen-00b72322 is a Swine Technical Consultant at Elanco Animal Health. He holds a Ph.D. in Swine Nutrition from Kansas State University, along with degrees in Animal Science and Nutrition from Texas A&M University. With a passion for pork fat quality, feed management, and production efficiency, Dr. Hansen brings decades of swine nutrition and technical expertise to the industry.