Chicago | Reuters — Chicago Mercantile Exchange lean hogs futures closed sharply higher Monday, supported by short-covering and fund buying after contracts surpassed key technical resistance levels, traders said. October hogs closed 1.575 cents per pound higher at 107.175 cents (all figures US$). December finished at 95.875 cents, 2.85 cents higher and above the 100-day […] Read more
U.S. livestock: CME lean hogs charge higher as funds buy
U.S. livestock: CME lean hogs slide as U.S. dollar surges
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Friday in response to the U.S. dollar’s surge to a four-year high which tends to drive up costs for U.S. exports, including meat, traders said. Positive U.S. monthly employment numbers helped send stocks on Wall Street up more than one per cent. The […] Read more
CME to shorten livestock futures electronic trading hours
Chicago | Reuters — CME Group will scale back electronic trading hours for its livestock markets following customer feedback, the exchange announced on Friday. The markets affected are CME (Chicago Mercantile Exchange) lean hogs, live cattle and feeder cattle futures and options. The changes are effective Oct. 27 and follow responses to an exchange survey […] Read more
U.S. livestock: CME live, feeder cattle repeat record highs
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday rose to a record high for a second consecutive session, supported in part by improved wholesale beef prices, traders said. October closed 0.375 cents per pound higher at 162.85 cents, and December up 0.525 cent to 166.425 cents (all figures US$). Thursday morning’s […] Read more
U.S. livestock: CME feeder cattle surge three-cent limit
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle contracts on Wednesday settled up at their maximum three-cents daily price limit, lifted by live cattle futures’ climb to a new high, traders and analysts said. They also cited strong prices for calves for fattening and the corn price slide to a five year low. Less […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower Tuesday, pressured by profit-taking and fund selling on the final trading day for the quarter, traders and analysts said. October live cattle closed down 0.5 cent per pound to 160.45 cents, and December one cent lower at 163.475 cents (all figures US$). Despite […] Read more
U.S. livestock: CME live cattle end higher, pare early losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Monday, erasing early-session losses as they gained on short-covering and fund buying before the end of the quarter on Tuesday, traders and analysts said. October live cattle closed up 2.5 cents per pound at 160.95 cents, and December was 2.375 cents […] Read more
U.S. livestock: Nearby CME live cattle close up three-cent limit
Chicago | Reuters –– Chicago Mercantile Exchange live cattle nearby trading months closed up the maximum three-cents-per-pound daily price limit, driven by short-covering and fund buying, traders said. October and December finished at 158.45 and 162.1 cents/lb., respectively (all figures US$). Deferred contracts may have drawn support from the outlook for tight supplies in the […] Read more
PEDv shrinks U.S. hog herd, but low-cost feed limits decline
Reuters — The U.S. hog herd continued to shrink during the June-August quarter as a deadly pig virus lingered on farms, but the decline was less than expected, a U.S. Department of Agriculture report showed on Friday. The data also showed that producers least affected by the porcine epidemic diarrhea virus (PEDv) added to their […] Read more
U.S. livestock: CME hogs slump as Wall Street tumbles
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed lower on Thursday, pressured by active U.S. stock market selling as the dollar surged to a four-year high, traders and analysts said. The strong dollar makes U.S. goods including pork less attractive to foreign buyers. Hog futures’ losses mounted after nearby trading months drifted below […] Read more
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