Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by technical selling and last Friday’s drop in prices for slaughter-ready, or cash, cattle, said traders. October live cattle ended 0.45 cent per pound lower at 106.825 cents, and settled below the 10-day moving average of 107.06 cents (all figures […] Read more
U.S. livestock: Lower cash prices send CME live cattle lower
U.S. livestock: Strong cash prices push CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts ended higher for a third day in a row on Friday, led by short-covering in response to better-than-expected prices for slaughter-ready, or cash, cattle, said traders. They said fund buying contributed to CME live cattle gains after some contracts broke through technical resistance levels. October […] Read more
U.S. livestock: Bargain-buying lifts CME lean hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Thursday settled moderately higher on bargain buying after supply worries sank futures to a 10-month low for a second day in a row, traders said. October closed up 0.225 cent/lb. to 55.15 cents, and December ended 0.35 cent higher at 49.45 cents (all figures US$). […] Read more
U.S. livestock: Hefty supplies push CME lean hogs to 10-month low
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday sank to a 10-month bottom, and forged new contract lows, as abundant heavier animals continued to drag down cash prices, traders said. October closed 1.825 cents/lb. lower at 54.925 cents and posted a fresh contract low of 54.7 cents (all figures US$). December ended […] Read more
U.S. livestock: Supplies drop CME lean hogs third straight session
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday posted losses for a third straight session as plentiful supplies pressured cash prices, traders said. They said liquidation in other commodities led by the U.S. stock market selloff further weighed on CME lean hogs. October closed 2.675 cents/lb. lower at 56.75 cents and posted […] Read more
U.S. livestock: CME live cattle gain again, hogs drift lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday rose for a second straight session, helped by more short-covering and technical buying after some contracts punched through technical resistance levels, traders said. October live cattle ended 1.3 cents/lb. higher at 105.7 cents (all figures US$). December closed 1.325 cents higher at 106.725 […] Read more
U.S. livestock: CME live cattle snap back on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday shrugged off Thursday’s losses, with October up the three-cents/lb. daily price limit on short-covering and technical buying, traders said. October live cattle ended limit up at 104.4 cents/lb. after breaking through the 10-day moving average of 103.89 cents (all figures US$). December closed […] Read more
Slumping U.S. meat prices help feed appetite for jerky
Chicago | Reuters — With prices for U.S. livestock on the decline due to larger cattle and hog herds, meat processors are jumping on the jerky bandwagon. In recent years, dried-meat snacks have gained popularity as Americans embrace diets packed with protein and less sugar and fat. Jerky has overcome its image as a highly […] Read more
U.S. livestock: CME live cattle stumble on weaker cash, beef quotes
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Thursday in response to the day’s fallen cash and wholesale beef prices, traders said. October live cattle ended 1.025 cents/lb. lower at 101.4 cents, and December 1.6 cents lower at 102.6 cents (all figures US$). Thursday afternoon’s choice beef price slumped $1.51/cwt […] Read more
U.S. livestock: Bargain buying rallies CME live cattle, hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday posted their biggest daily gain in a month, fueled by short-covering and bargain buying after recent market losses, traders said. October live cattle ended 2.4 cents/lb. higher at 102.425 cents, and December up 2.275 cents at 104.2 cents (all figures US$). Investors may […] Read more
Cyber-Savvy Farmer
