Chicago | Reuters — U.S. hog futures fell for the third day in a row on Wednesday, with the market under pressure from plentiful supplies, traders said. Cattle futures also closed lower, sinking to their lowest in nearly a month. Heavy rains in key production areas were spurring producers to market their animals more quickly, […] Read more
U.S. livestock: Hog, cattle futures lower on plentiful supplies
U.S. livestock: Hog futures slump on ample supplies
Chicago | Reuters — U.S. lean hog futures fell more than one per cent on Tuesday, weighed down by technical selling and expectations that supply will increase, traders said. Cattle futures were only slightly lower on the Chicago Mercantile Exchange, staying within the narrow range that has defined the trade for weeks. CME December hogs, […] Read more
U.S. livestock: Cattle climb ahead of USDA supply report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were higher on Friday, boosted by short-covering in a rebound from an earlier one-week low, traders and analysts said. Traders also were squaring their positions ahead of the U.S. Department’s monthly Cattle on Feed report, which was released after the close of trading. The slightly […] Read more
U.S. livestock: Hog futures widely mixed on spreading
Chicago | Reuters — U.S. lean hog futures were widely mixed on Thursday, with nearby contracts gaining on the back of higher hog prices in cash markets while deferred futures contracts lost ground, traders and analysts said. Cattle futures, both live and feeder, continued to decline as traders locked in profits following the six-month highs […] Read more
U.S. livestock: Hog futures near three-month high
Chicago | Reuters — U.S. lean hog futures climbed to a nearly three-month high on Wednesday, boosted by gains in cash hog markets, before futures trimmed gains to finish the session mixed. Cattle futures were nearly flat on the Chicago Mercantile Exchange, in technical trading as dealers awaited a monthly U.S. Department of Agriculture cattle […] Read more
U.S. livestock: Hogs jump on gains in cash hogs, pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged over four per cent on Tuesday, rising to the highest levels in three months on support from gains in prices for hogs in cash markets and wholesale pork, traders said. A lower U.S. hog slaughter in recent days due to Hurricane Florence limited pork […] Read more
U.S. livestock: Live cattle mixed on profit-taking
Chicago | Reuters — U.S. live cattle futures settled narrowly mixed on Monday, with some contracts easing slightly after prices surged to six-month highs following strong sales in cash markets late on Friday, traders said. Front-month October live cattle jumped to a peak of 113.975 cents/lb., highest since March 14, before settling at 113.425 cents, […] Read more
ADM ramps up ethanol sales in Chicago, irking rivals
New York/Chicago | Reuters — Archer Daniels Midland has sold unusually high volumes of ethanol into the Chicago market since late last year as export markets dried up, driving down prices in the U.S. Midwest and angering the company’s rivals, according to traders and regulatory data. The Illinois-based global commodities powerhouse, a major ethanol producer, […] Read more
U.S. grains: Corn tumbles after USDA boosts production forecast
Chicago | Reuters — Chicago corn futures fell 3.6 per cent on Wednesday, for their biggest daily declines since April, after the U.S. Department of Agriculture raised its forecast for U.S. production more than analysts expected, traders said. Wheat futures also tumbled, tracking losses in corn and on pressure from USDA unexpectedly boosting Russia’s wheat […] Read more
U.S. livestock: Cattle ease on profit-taking, lack of cash sales
Chicago | Reuters — U.S. cattle futures eased on Friday as traders locked in profits following two straight sessions of higher prices and as beef packers bought few animals in cash cattle markets, traders and analysts said. Expectations that meat packers might pay prices roughly steady with cattle sales of about $109/cwt a week ago […] Read more
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