CME lean hogs ended higher on Wednesday, supported by fund buying after futures returned above technical resistance levels, traders and analyst said. December hogs settled 0.825 cent per pound higher at 86.25 cents and above the 100-day moving average of 85.34 cents (all figures US$). February closed up 1.025 cents at 90.925 cents. It finished […] Read more
U.S. livestock: Fund buying rallies hog futures
U.S. livestock: Live cattle futures decline on technical selling
Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, pressured by technical selling and weaker wholesale beef prices, analysts and traders said. As the Thanksgiving holiday season approaches beef demand typically diminishes in favor of turkey and ham. Analysts said less demand may cause a backlog of beef products, which could drive wholesale prices […] Read more
U.S. livestock: Live cattle end lower on technical selling
Chicago Mercantile Exchange live cattle futures closed sharply lower on Monday on fund liquidation in a technical selloff with spot December ending down 1.24 per cent, traders and analysts said. Spot December fell to a one-month low in earlier dealings and, though paring losses, still ended near the session low. A large sell stop was […] Read more
U.S. livestock: Cash prices lift live cattle futures
Chicago Mercantile Exchange live cattle futures ended firmer on Friday, helped by higher cash prices, traders said. Packers in Texas and Kansas paid $132 per hundredweight (cwt) on Friday for cash or slaughter-ready cattle, $1 higher than last week, feedlot sources said (all figures US$). Generally tight cattle supplies in the near term and recent […] Read more
U.S. livestock: Live cattle pressured by profit-taking
Chicago Mercantile Exchange live cattle futures dipped on Tuesday on profit-taking as wholesale beef prices slipped and beef packer margins remained negative, traders said. Beef packer margins improved slightly on Tuesday, but were still in the red as lower wholesale prices squeezed profits. Choice wholesale beef values early on Tuesday were down 22 cents from […] Read more
U.S. livestock: CME live cattle end lower on weaker cash prices
Chicago Mercantile Exchange (CME) live cattle futures ended lower on Thursday dragged down by weaker cash cattle trade, analysts and traders said. U.S. Plains cash cattle traded at $131 per hundredweight (cwt), $1 lower than the previous week, feedlot sources said (all figures US$). There were more cattle for sale this week due to a […] Read more
U.S. feedlot cattle placements rise as feed costs decline
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 feedlots. The […] Read more
U.S. feedlot cattle placements rise as feed costs declined
The number of cattle placed in U.S. feedlots in September increased 1 percent from a year earlier, a government report showed on Thursday. 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 feedlots. The U.S. […] Read more
U. S. Grain Flow Hits Snags Amid Record Harvest Pace – for Oct. 25, 2010
Reading Time: < 1 minute The record harvest pace of the corn and soybean crops in the U. S. Midwest was causing pockets of snags along the supply chain, backing up the movement of grains on barges and by rail, trade sources said last week. There were concerns the bottlenecks in grain flow could worsen over the next two weeks […] Read more
Snowmelt May Delay U. S. Spring Corn, Soy Seeding
Reading Time: 2 minutes Near-record amounts of snow dumped across the United States over the winter could delay seeding of the corn and soybean crops in the Midwest grain belt when the melt begins this spring. Any planting delay could set the tone for volatile trading at the Chicago Board of Trade, which got a foretaste on Monday when […] Read more
Cyber-Savvy Farmer
