U.S. livestock: New contract highs for live cattle

Dwell cattle futures hit new contract highs on Wednesday whereas cattle futures got here shut and lean hog futures continued to get well from latest lows.

The August reside cattle contract gained US$1.500 per hundredweight to complete the day at US$223.900, 50 cents beneath the brand new contract excessive reached earlier on Wednesday. The October contract rose US$1.475/cwt to finish at US$220.750 after reaching a brand new excessive of US$221.175.

August feeder cattle jumped US$3.300/cwt to shut at US$325.575 after hitting a session excessive of US$326.300, 57.5 cents beneath the excessive mark set July 10. The September contract was up US$3.475/cwt at US$325.850 after attaining the US$326.400 mark, simply 17.5 cents wanting the contract excessive additionally set on July 10.

Canadian Pork Council meets with U.S. and Mexican counterparts

Leaders of the North American pork sector reaffirmed their commitment to producing nutritious, sustainable and affordable pork at a recent trilateral meeting held in Niagara on the Lake, Ont.

Selection and choose field costs noticed sharp drops on Wednesday afternoon. Selection bins misplaced US$4.87/cwt at US$372.85, whereas choose bins have been trimmed by US$4.67/cwt at US$357.91.

August lean hogs had their second straight optimistic session, transferring up 50 U.S. cents/cwt at US$104.425. October lean hogs had a much bigger leap at US$1.225/cwt to shut at US$88.700.

China’s Nationwide Bureau of Statistics reported 2025 pork manufacturing was up 1.4 per cent year-by-year as a consequence of increased slaughter weights. One other ministry stated Chinese language sow numbers have been up 1.2 per cent for the 12 months on the finish of Could.