Insights and Stories on Packers

Jan. 3, 2022 at 7:18 pm CST

Reuters — The United States will issue new rules and US$1 billion in funding this year to support independent meat processors and ranchers as part of a plan to address a lack of “meaningful competition” in the meat sector, President Joe Biden said Monday. The initiative comes amid rising concerns […]

By Leah Douglas

Nov. 9, 2021 at 6:54 pm CST

Chicago | Reuters — The U.S. Department of Agriculture on Tuesday raised its forecast for beef production and cattle prices in 2021 and 2022 due to strong demand and heavier livestock. Robust sales of U.S. beef to domestic consumers and overseas buyers have helped support Chicago Mercantile Exchange (CME) cattle […]

By Tom Polansek

Sep. 21, 2021 at 6:54 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, pressured by weak cash cattle trade as packer demand remains light, analysts said. “The lack of bids is daunting,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. Kooima noted packers have enough cattle purchased […]

By Christopher Walljasper

Sep. 8, 2021 at 7:03 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures weakened Wednesday, with live cattle sagging to their lowest in three months on sluggish cash market activity, traders said. The hog market was pressured by concerns about demand in China, where high prices have slowed the consumption of pork. […]

By Mark Weinraub

Aug. 17, 2021 at 6:44 pm CDT

Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange ended lower on Tuesday on long liquidation and uncertainty about demand for various cuts of pork, traders said. Benchmark CME October lean hogs settled down 1.1 cents, or 1.2 per cent, at 87.9 cents/lb., retreating from Monday’s nearly […]

By Julie Ingwersen