US hog futures close lower - CME

Jul 17, 2023

Chicago Mercantile Exchange (CME) live cattle futures turned lower on Wednesday on a round of profit-taking after most months climbed to life-of-contract highs, with a seasonal downturn in beef prices adding to bearish sentiment, Reuters reported, citing traders.

Most-active August live cattle futures settled down 1.950 cents at 176.875 cents per pound, retreating after rising to a contract high of 181.175 cents. October cattle ended down 1.475 cents at 180.250 cents after peaking at 184.350 cents.

August feeder cattle futures settled down 0.575 cent at 246.575 cents per pound, turning lower after rising to a contract high at 251.300 cents.

In the boxed beef market, the US Department of Agriculture prices choice cuts at $310.98 per hundredweight (cwt), down $1.14 from Tuesday and the lowest since June 2.

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Video: Genetics vs Genomics in Swine - Dr. Max Rothschild

In this episode of The Swine it Podcast Show Canada, Dr. Max Rothschild, Distinguished Professor at Iowa State University, explains how genetics and genomics have transformed swine production. He explores genomic selection, key gene discoveries, and the role of gene editing in improving disease resistance and productivity. Practical insights on litter size, meat quality, and industry adoption are also discussed. Listen now on all major platforms!

"Genetic improvement in swine production accelerated significantly once molecular tools enabled identification of DNA level variation influencing growth, reproduction, and meat quality across commercial populations."

Meet the guest: Dr. Max Rothschild / max-f-rothschild-b3800312 earned his PhD in Animal Breeding from Cornell University and has spent over four decades at Iowa State University advancing swine genetics and genomics. His research focuses on genetic improvement, disease resistance, and molecular tools for swine production. A leader in pig genome research, his work has shaped modern breeding strategies.