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Hog prices climb on renewed optimism in pork market - CME

Feeder cattle futures on the Chicago Mercantile Exchange (CME) ticked higher on Tuesday while live cattle futures slipped as market players weighed a softening cash market and consumer demand for beef, Reuters reported, citing analysts.

CME December live cattle futures settled down 1.35 cents to end at 227.20 cents per pound, and CME January feeder cattle ended 0.325 cent higher, closing at 329.15 cents per pound.

In the previous session, daily limits widened to 13.750 cents for feeder cattle futures and 10.750 cents for live cattle in Tuesday's trading session, the exchange said.

Cattle futures have remained underpinned by a small cattle herd, after a lengthy drought and the halt of Mexican cattle imports due to an outbreak of screwworm.

The reopening of the federal government has pushed stock markets higher, providing spillover support to livestock futures.

However, concerns about weakness in the US labour market after a report showed private employers cutting jobs have injected doubt about consumer demand for beef, which is one of the priciest proteins in grocery stores.

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Making budget friendly pig feed on a small livestock farm

Video: Making budget friendly pig feed on a small livestock farm

I am going to show you how we save our farm money by making our own pig feed. It's the same process as making our cattle feed just with a slight adjustment to our grinder/ mixer that makes all the difference. We buy all the feed stuff required to make the total mix feed. Run each through the mixer and at the end of the process we have a product that can be consumed by our pigs.

I am the 2nd generation to live on this property after my parents purchased it in 1978. As a child my father hobby farmed pigs for a couple years and ran a vegetable garden. But we were not a farm by any stretch of the imagination. There were however many family dairy farms surrounding us. So naturally I was hooked with farming since I saw my first tractor. As time went on, I worked for a couple of these farms and that only fueled my love of agriculture. In 2019 I was able to move back home as my parents were ready to downsize and I was ready to try my hand at farming. Stacy and logan share the same love of farming as I do. Stacy growing up on her family's dairy farm and logans exposure of farming/tractors at a very young age. We all share this same passion to grow a quality/healthy product to share with our community. Join us on this journey and see where the farm life takes us.