Chicago | Reuters — U.S. cattle futures closed narrowly mixed on Thursday with the spot February contract drifting lower in rangebound trade, awaiting direction from cash markets, while back months firmed on optimism about the U.S. economy, traders said. Feeder cattle futures rose as prices for corn, the main feed grain for cattle, retreated from […] Read more
U.S. livestock: Live cattle end mixed, feeders firm
Cattle take cues from pause in corn rally
U.S. livestock: Lean hogs trim as packers work through holiday backlogs
CME cattle futures pressured lower
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 short of prior year pace. […] Read more
U.S. livestock: Live cattle rally on fund-driven buying
CME lean hogs end narrowly mixed
Chicago | Reuters — U.S. live cattle futures rose two per cent on Tuesday, bouncing back from a sell-off a day earlier, lifted by speculative buying and broad strength in commodities as investors seek a hedge against inflation, analysts said. Chicago Mercantile Exchange (CME) February live cattle futures settled up 2.75 cents at 115.05 cents/lb. […] Read more
U.S. livestock: Live cattle sag as Wall Street retreats, grain prices rise
Wholesale ham prices supportive for hogs
Chicago | Reuters — U.S. live cattle futures fell more than two per cent on Monday, pressured by ample beef supplies and fund-driven selling as Wall Street equities declined, analysts said. Feeder cattle futures fell even harder, dropping by three per cent as U.S. corn futures rose to almost $5 a bushel for the first […] Read more
U.S. livestock: Live cattle futures ease as corn prices soar, raising feed costs
Chicago | Reuters – U.S. live cattle futures declined on Wednesday for a second session as surging corn prices signaled rising feed costs and pressured feeder cattle futures, traders said. Chicago Mercantile Exchange (CME) February live cattle futures settled down 0.125 cent at 114.450 cents per pound, while CME March feeder cattle tumbled 1.475 cents […] Read more
Argentina suspends corn exports to ensure domestic food supplies
Buenos Aires | Reuters – Argentina will suspend corn exports until March 1, the agriculture ministry said in a statement on Wednesday that announced the surprise move as part of the government’s effort to ensure ample domestic food supplies. “This decision is based on the need to ensure the supply of grain for the sectors […] Read more
U.S. livestock: Live cattle futures retreat as Wall Street dips, feed costs rise
Chicago | Reuters – U.S. cattle futures retreated on Tuesday after hitting a near three-month high in the previous session as rising feed costs and a downturn in equities markets triggered selling. Cattle futures have firmed in recent days as hopes for an economic stimulus deal in Washington overshadowed worries about restaurant closures and travel […] Read more
China meat assoc calls for exporters to disinfect shipments to prevent COVID-19
Beijing | Reuters – Chinese meat importers and processors have called on exporters in countries with COVID-19 outbreaks to step up checks on shipments before they are sent to the world’s biggest market, the country’s top industry group said. “China has been importing a large quantity of meats this year, and has detected virus on […] Read more
U.S. livestock: Cattle futures hit six-week high; hog futures ease after rally
Chicago | Reuters – U.S. cattle futures rose for the sixth time in seven sessions on Thursday, hitting a six-week high on signs of strength in the cash market, traders said. Hog futures eased after four straight days of gains pushed the front-month contract to its highest in nearly two months on Wednesday. Volumes were […] Read more
U.S. livestock: Hog futures rise to highest since late October; cattle firms
Chicago | Reuters – U.S. hog futures rose to their highest in nearly two months on Wednesday, supported by a round of technical buying and tight pork supplies. After the market closed on Tuesday, the U.S. government released a report that showed that domestic frozen pork belly stocks as of Nov. 30 stood at 23.111 […] Read more
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