US hogs hit new lows - CME

Apr 17, 2023

Chicago Mercantile Exchange (CME) live cattle futures firmed on Wednesday on expectations for higher US cash prices this week, as lean hog futures set contract lows, Reuters reported, citing analysts.

Cash cattle were bid at about $168 per cwt in the southern Plains, roughly $1 higher than the bulk of trading last week, said Dennis Smith, commodity broker for Archer Financial Services. Meatpackers will need to pay more to strike deals, he said.

"If they want the cattle, they're going to have to bid higher than $168," Smith said, adding that prices may rise to $170 per cwt.

Meat processors slaughtered an estimated 123,000 cattle on Wednesday, down from 127,000 cattle a week ago and 124,000 cattle last year, the US Department of Agriculture (USDA) said.

The agency reported boxed beef prices rose, while HedgersEdge.com said processors' margins climbed to $80.15 per head of cattle from $59.15 per head on Tuesday and $52.45 per head a week ago.

April live cattle finished 0.800 cent stronger at 168.400 cents per pound, and June live cattle ended up 0.075 cent at 160.300 cents per pound.

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Video: Intrauterine Vaccines in Swine - Dr. Heather Wilson

In this episode of The Swine it Podcast Show Canada, Dr. Heather Wilson from VIDO at the University of Saskatchewan explains how intrauterine vaccination is being developed as a new option for swine health. She shares how formulation, adjuvants, and delivery methods influence immune responses and what early trials reveal about safety and reproductive performance. Listen now on all major platforms.

"The idea was that an intrauterine vaccine might avoid a tolerance response and instead create an active immune response."

Meet the guest: Dr. Heather Wilson / heather-wilson-a8043641 is a Senior Scientist and Program Manager at the Vaccine and Infectious Disease Organization at the University of Saskatchewan. Her work centers on vaccine formulation and delivery in pigs, including the development of intrauterine vaccination to support reproductive health and passive protection of piglets. Her background spans biochemistry, immunology, and functional pathogenomics.