Farms.com Home   News

Pork slips despite firm carcass values, higher cash hog prices - CME

Chicago Mercantile Exchange (CME) cattle futures rallied on Thursday following a two-day decline, lifted by strong cash cattle markets and rising wholesale beef prices, Reuters reported, citing traders.

Benchmark CME August live cattle futures rose 1.900 cents to settle at 210.075 cents per pound and August feeder cattle ended up 4.300 cents at 299.925 cents per pound.

On the cash side, market-ready cattle traded in Texas and Kansas at $222 per hundredweight (cwt), up $1 to $3 from last week, the US Department of Agriculture (USDA) reported.

"Cash trade was pretty strong again," said Austin Schroeder, senior commodity analyst at Brugler Marketing and Management, adding that rising boxed beef prices also lent support.

The USDA priced choice cuts of boxed beef at $366.09 per cwt on Thursday afternoon, up 67 cents from Wednesday, while choice cuts were up $1.90 at $353.64.

Hog futures closed lower, shrugging off support from firm wholesale pork and cash hog prices. CME June hog futures settled down 0.250 cent at 100.025 cents per pound and July hogs fell 0.325 cent to finish at 102.975 cents.

Click here to see more...

Trending Video

Farm Health Guardian | Digital Biosecurity in Real Time

Video: Farm Health Guardian | Digital Biosecurity in Real Time

Disease risk, biosecurity, and real-time monitoring continue to be major topics across the pork industry. In this episode of Swine Web Industry Perspectives, presented by Farm Health Guardian, we discuss how digital biosecurity and real-time data are changing the way producers think about herd protection, people movement, and operational decision-making.

The conversation explores:

disease risk in modern pork production,

the impact of people movement on biosecurity,

the importance of real-time monitoring,

digital biosecurity technology,

and how Farm Health Guardian developed tools designed to support modern swine operations.

As the industry continues focusing on prevention, preparedness, and operational efficiency, connected technologies and actionable data are becoming increasingly important parts of modern herd health management.