Insights and Stories on Packers

Feb. 19, 2021 at 7:10 pm CST

Chicago | Reuters — U.S. live cattle futures rose on Friday, but failed to end the week higher as a cold snap across the U.S. Plains and into Texas hampered slaughterhouses and backed up cattle, traders said. “There’s still a big mess,” said Dennis Smith, commodity broker at Archer Financial. […]

By Christopher Walljasper

Jan. 6, 2021 at 6:29 pm CST

Chicago | Reuters — U.S. lean hog futures fell on Wednesday as packers work through backlogs caused by holiday shutdowns, analysts said. Daily hog slaughter regained from holiday pace, with 495,000 head processed compared to 472,000 head the week prior, according to U.S. Department of Agriculture data, but was still […]

By Christopher Walljasper

Dec. 11, 2020 at 7:58 pm CST

Chicago | Reuters — U.S. live cattle futures advanced for a third straight session on Friday supported by technical and bargain buying and as strong packer margins were seen potentially keeping a floor under cash cattle prices. Futures rose despite some demand concerns as soaring U.S. coronavirus rates triggered lockdowns […]

By Karl Plume

Dec. 3, 2020 at 8:16 pm CST

Chicago | Reuters — Smithfield Foods, the world’s biggest pork processor, said on Thursday it had offered to help U.S. health officials distribute COVID-19 vaccines and store them in ultra-cold freezers that are in high demand to support a public vaccination campaign. U.S. states, cities and hospitals are scrambling to […]

By Tom Polansek

Oct. 12, 2020 at 8:19 pm CDT

Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by a softening in seasonal demand and the continued impact from backlogs at slaughterhouses, traders said. Lean hogs also eased on profit taking, while feeder cattle also followed live cattle for a loss. CME October live cattle futures […]

By Christopher Walljasper