US lean hogs hit new low - CME

Apr 24, 2023

Chicago Mercantile Exchange (CME) April and May feeder cattle futures hit fresh contract highs on Tuesday on tight supplies, as analysts said they expected cattle placements to continue to trend down, Reuters reported, citing traders.

Meanwhile, CME May lean hogs hit a contract low of 78.500 cents per pound, before closing down 2.175 cents at 78.825 cents per pound.

Hog futures slipped on weak technicals, traders said, as the cash market continues to remain weak and premiums in the futures markets stay hefty.

"We're seeing that cash market moving lower and lower," said Don Roose, president of Iowa-based US Commodities. "When you add the weakness on the export market, hogs are in a tough spot."

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Video: Feeding Faba Bean to Pigs - Dr. Eduardo Beltranena

In this special rerun episode of The Swine it Podcast Show Canada, Dr. Eduardo Beltranena from North Carolina State University explains how faba beans can be used in pig diets as a source of both starch and protein. He discusses environmental benefits, inclusion rates, frost-damaged beans, tannin concerns, cultivar selection, and how producers can compare faba beans against cereals and protein meals for cost-effective feeding. Listen now on all major platforms!

"Faba beans provide both starch and protein, competing directly with cereals in swine diets."

Meet the guest: Dr. Eduardo Beltranena / eduardo-beltranena-61660a1b2 is an Assistant Professor and Extension Specialist at North Carolina State University. He holds a Ph.D. in nutrition and reproduction interactions from the University of Alberta and has worked across swine production, feed industry nutrition, contract research, government research, teaching, and extension. His work focuses on swine nutrition, regional feedstuffs, and practical feed formulation. Learn more from Dr. Eduardo Beltranena on The Swine it Podcast Show Canada, available on all major platforms.