US hog futures weaken on bearish supply - CME

May 29, 2023

Chicago Mercantile Exchange (CME) hog futures fell for the fourth day in a row on Wednesday, with a large supply base pressuring the market, reported Reuters.

Cattle contracts were firm, rising on a round of technical buying.

After the close, the US Department of Agriculture said frozen US beef stocks as of April 30 stood at 447.984 million lbs, down from 532.166 million a year earlier.

Pork belly stocks were up 39.1% at 81.177 million lbs.

CME June live cattle settled up 1.825 cents at 166.1 cents per pound, finding support from early weakness at its 40-day moving average. June live cattle futures have not traded below their 40-day moving average since March 29.

The most-active August live cattle contract rose 1.55 cents to 164.125 cents.

CME August feeder cattle gained 1.05 cents to finish at 234.525 cents per pound.

Click here to see more...

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.