Chicago | Reuters — Chicago Mercantile Exchange lean hog February futures scored a fresh contract high and deferred contracts scored monthly highs on Monday, fuelled by firmer cash and wholesale pork values, said traders. February hogs ended 1.025 cents/lb. higher at 71.35 cents, and hit a new contract high of 71.425 cents. April ended 0.975 […] Read more
U.S. livestock: Cash, pork prices boost CME hogs to new highs
U.S. December feedlot cattle placements hit six-year high
Chicago | Reuters — U.S. feedlots brought in 18 per cent more cattle in December than the year-earlier month, the U.S. Department of Agriculture said on Friday, which topped forecasts and reached a six-year high for that month. Higher prices for slaughter-ready, or cash, cattle last month improved profit for feedlots. That allowed them to […] Read more
U.S. livestock: CME live cattle sag before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled weaker on Friday ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT, said traders. Analysts, on average, expect the report to show 8.4 per cent more cattle were placed into U.S. feedlots in December than a year […] Read more
U.S. livestock: CME hogs tumble after again nearing six-month high
Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended sharply lower on Thursday pressured by weaker initial cash prices and fund liquidation, but not before futures approached a six-month high for a second straight session, said traders. February hogs ended 1.675 cents/lb. lower at 65.85 cents (all figures US$). April closed 2.925 cents lower […] Read more
U.S. livestock: CME lean hogs surge to near six-month high
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday climbed to their highest level in almost six months, fuelled by short-covering following strong cash and wholesale pork prices, said traders. Technical buying developed after February and March futures surpassed their respective 10-day moving averages of 65.662 and 69.023 cents (all figures US$). February […] Read more
U.S. livestock: CME live cattle slide on cash price unease
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Tuesday, weighed by caution ahead of this week’s cash prices, said traders. They said sell stops and technical selling contributed to market losses. February live cattle closed 0.575 cents/lb. lower at 119.675 cents (all figures US$). April finished 0.775 cent lower at […] Read more
U.S. livestock: Technical selloff sends CME hogs lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed weaker on Monday, partly pressured by sell stops and fund liquidation, said traders. February hogs ended 0.3 cent/lb. lower at 65 cents, and under the 10-day moving average of 65.267 cents (all figures US$). April closed 0.7 cent lower at 67.775 cents, and below […] Read more
U.S. livestock: CME live cattle end four-day win streak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled in negative territory on Friday for the first time in five days, led by sell stops and profit-taking, said traders. They said fund buying and futures’ discounts to this week’s cash prices later lifted contracts from session lows. February live cattle closed 0.775 cent/lb. […] Read more
U.S. livestock: Cash prices push CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures moved higher for a fourth straight session on Thursday, driven by this week’s cash price surge, traders said. February live cattle closed 0.75 cent/lb. higher at 121.025 cents, and April closed up 0.475 cent, to 119.875 cents (all figures US$). Both contracts notched 10-month highs […] Read more
U.S. livestock: CME live cattle up for third straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday for a third day in a row, following the morning’s wholesale beef price upswing and initial cash price strength, traders said. February live cattle closed 0.7 cent/lb. higher at 120.275 cents, and April closed up 0.4 cent to 119.4 cents (all […] Read more
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