Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Thursday as technical buyers stepped into the market after prices weakened earlier in the session. Traders said the massive supplies reported by the U.S. Agriculture Department have been priced in and speculators were likely to buy any dip in the market at current levels. […] Read more
U.S. livestock: CME cattle, hogs rise on technical buying
USDA supply data seen as priced into market
U.S. livestock: Chicago cattle turn higher
CME lean hogs mostly lower
Chicago Mercantile Exchange (CME) cattle futures turned solidly higher Wednesday while lean hogs mostly continued lower. Most-active December live cattle closed 1.975 cents higher Wednesday at 186.975 cents/lb., erasing two days’ losses, but not before touching a one-month low of 184.25 (all figures US$). Both front-month October 2023 and February 2024 turned 1.925 cents higher, […] Read more
U.S. livestock: Live cattle mostly lower
Lean hogs also down a second day
Most-active December live cattle on the Chicago Mercantile Exchange (CME) turned lower for a second day in a row Tuesday, as did lean hog and deferred-month feeder cattle futures. December live cattle closed Tuesday at 185 cents/lb., down 0.35 cent on the day, while lightly-traded front-month October ended up 0.2 cent at 182.575 cents/lb. (all […] Read more
U.S. livestock: CME hog futures rise for third day in a row
Cattle futures turn higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday, extending a rally that was sparked by a strong export sales report a day earlier, traders said. A round of short covering was noted as prices moved off of the four-month lows hit on Wednesday. Cattle futures also were firm. The most-active […] Read more
U.S. livestock: CME hogs rally, export sales in focus
Cattle futures turn lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Thursday, with signs of strong export demand supporting prices following the market’s decline to its lowest in more than four months on Wednesday. The U.S. Department of Agriculture (USDA) said on Thursday morning that export sales of pork totaled 42,900 metric tonnes in […] Read more
U.S. livestock: CME hog futures break losing streak
CME cattle futures close firm
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed firm on Wednesday, snapping a three session losing streak as traders said that the U.S. government’s most recent bearish supply forecast had been priced into the market. Cattle futures were consolidating after posting sharp declines a day earlier, but both feeders and live cattle […] Read more
U.S. livestock: CME cattle futures drop on technical selling
U.S. supply outlook drags on hog futures
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, pressured by technical selling and demand concerns, traders said. Hog futures notched their third straight losing session as the government’s bigger-than-expected supply report from last week continued to weigh on the market. The benchmark CME December lean hogs futures contract sank 0.425 cent […] Read more
Canadian meat lobby says no deal better than bad deal
U.K. wants to have its cake and eat it too, meat lobby groups say
Reading Time: 4 minutes A trio of Canadian meat associations says no deal is better than a bad deal when it comes to trade. They’re protesting in advance of the United Kingdom’s acceptance into the Comprehensive Progressive Agreement for Trans-Pacific Partnership. The “Say ‘no’ to a bad deal” campaign implores the federal government to delay approving the U.K.’s acceptance […] Read more
U.S. livestock: CME lean hogs extend selloff on supply view
Cattle futures book gains
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply for the second day in a row, hitting a four-month low as traders adjusted their expectations for prices to reflect the U.S. government’s bigger-than-expected supply view. “We simply don’t need the sow base we currently have or need lower prices to clear the […] Read more
U.S. livestock: CME lean hogs limit down on USDA report
Chicago cattle also end lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled by the daily trading limit on Friday under pressure from stronger-than-expected productivity in U.S. herds, analysts said. The U.S. Department of Agriculture, in a quarterly report issued after trading ended on Thursday, surprised analysts by reporting the average pigs saved per litter reached 11.61 […] Read more
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