Insights and Stories on Reuters

Feb. 3, 2014 at 2:25 pm CST

Chicago | Reuters — Chicago Mercantile Exchange hog futures retreated on Monday, led by profit-taking in anticipation of weaker cash prices in the near term, traders and analysts said. The morning’s average cash hog price in the eastern Midwest dropped $1.14 per hundredweight (cwt) to $78.71, according to U.S. Department […]

By Theopolis Waters

Feb. 1, 2014 at 4:44 am CST

Los Angeles | Reuters — A worsening drought in California will likely force a first-ever complete cutoff this year in state-supplied water sold to 29 irrigation districts, public water agencies and municipalities up and down the state, officials said Friday. Although the state Water Resources Department typically ends up supplying […]

By Steve Gorman

Feb. 1, 2014 at 4:37 am CST

Hog futures mostly up on speculative buying Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted modest losses on Friday, but were up from session lows, dragged by retreating wholesale beef prices, traders and analysts said. The afternoon’s wholesale choice beef price, or cutout, was $223.49 per hundredweight (cwt), […]

By Theopolis Waters

Jan. 31, 2014 at 5:15 pm CST

Chicago | Reuters –– The U.S. cattle population dropped to its lowest level in 63 years as the lingering impact of years of drought took its toll on feed costs in the first half of 2013, analysts said in response to a government yearly cattle report on Friday. However, corn […]

By Theopolis Waters

Jan. 31, 2014 at 3:47 pm CST

Reuters — Tyson Foods, the largest U.S. meat processor, said Friday it expects pork supplies to drop two to four per cent this fiscal year, raising wholesale prices, as a deadly pig virus spreads through the U.S. hog belt. Heavier hogs will offset some of the loss in headcount, Jim […]

By Meredith Davis