Chicago Mercantile Exchange hog futures ended mixed on Wednesday amid pressure from weaker cash prices while concerns about the spread of a fatal piglet disease lent support, analysts and traders said. December hogs settled at a premium to the CME’s lean hog index of 82.25 cents, which also dragged on the contract (all figures US$). […] Read more
U.S. livestock: Hog futures end mixed, live cattle higher
U.S. livestock: Hogs end lower on technical selling, weak cash
Chicago Mercantile Exchange hog futures settled sharply lower on Tuesday on fund liquidation and technical selling with spot December ending down 1.39 per cent, traders said. Front month December hogs, which expires Dec. 18, fell to a three-month low to finish down 1.2 cents at 84.825 cents per pound (all figures US$). December’s nearly three-cent […] Read more
U.S. livestock: Live cattle futures, hogs end mixed
Chicago Mercantile Exchange live cattle futures settled narrowly mixed on Monday pressured by profit-taking and fund long liquidation, while expectations of steady cash trade lent support, traders said. Funds adjusted positions to exit long positions ahead of first notice day on Dec. 9., traders said. Some investors sold the December contract, which expires Dec. 31, […] Read more
U.S. livestock: Live cattle end higher on gains in cash
Chicago Mercantile Exchange live cattle futures closed higher in thin trading on Friday supported by stronger cash cattle prices, traders said. Beef packers this week paid $132 per hundredweight (cwt) for cattle in the U.S. Plains, up $1 from last week’s trade, feedlot sources said. U.S. Department of Agriculture data showed some sales at $133/cwt […] Read more
U.S. feedlot cattle placements rise as feed costs declined
Reading Time: < 1 minute Reuters / The number of cattle placed in U.S. feedlots in September increased one per cent from a year earlier, a government report showed Oct. 31. Analysts attributed the rise to lower-priced corn, which reduced the cost of fattening cattle in feedlots. Also, higher prices for slaughter-ready cattle improved margins and drew more animals into […] Read more
U.S. livestock: Live cattle futures end higher on cash gains
Chicago Mercantile Exchange live cattle futures rose on Wednesday supported by higher cash cattle trades this week, analysts and traders said. Beef packers this week in Kansas paid $132 per hundredweight (cwt), up $1 from last week’s trade (all figures US$). Some analysts and traders had expected steady trade with last week. “This market has […] Read more
U.S. livestock: Live cattle futures end higher on fund buying
Chicago Mercantile Exchange live cattle futures settled higher on Tuesday, supported by fund buying while investors await cash cattle to trade this week, traders and analysts said. December cattle traded through both the 10-day and 20-day moving averages. The front-month contract settled up 0.875 cent per pound at 131.95 cents, just above the 10-day moving […] Read more
U.S. livestock: Live cattle futures end narrowly mixed
Chicago Mercantile Exchange live cattle futures settled narrowly mixed on Monday as investors await this week’s cash prices, traders and analysts said. CME live cattle traders are expecting cash cattle to trade no worse than steady with last week’s mostly $131-per-hundredweight (cwt) sales. Preliminary estimates show more cattle up for sale this week. “They (packers) […] Read more
U.S. livestock: Live cattle ease ahead of USDA report
Chicago Mercantile Exchange live cattle settled narrowly mixed on Friday pressured by lower beef prices this week and by investors adjusting positions before the U.S. Department of Agriculture’s monthly cattle-on-feed report at 2 p.m. CST, traders and analysts said. Analysts expect the report to show an increase in the number of cattle placed in feedlots […] Read more
U.S. livestock: Live cattle gain on short-covering
CME live cattle futures rose on Thursday on short-covering after recent market losses and on investors pricing in initial cash sales, traders said. On Thursday, cash cattle in Kansas and Texas lightly traded at $131 per hundredweight (cwt), $1 lower than the previous week, feedlot sources said (all figures US$). Lacklustre beef demand and poor […] Read more
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