Chicago | Reuters — Chicago Mercantile Exchange hog contracts closed higher on Thursday on short-covering and futures’ discount to CME’s hog index at US109.25 cents. October and December ended 1.125 cents higher at 93.625 and 87.55 cents per pound, respectively (all figures US$). CME hogs had a relative strength index (RSI) of 15. A RSI […] Read more
U.S. livestock: CME hogs turn higher on short-covering
U.S. livestock: CME hogs slide with cash, pork prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Wednesday posted losses for a second straight day, pressured by eroding cash hog and wholesale prices. October ended down 2.325 cents at 92.5 cents per pound, and December at 86.425 cents, 2.2 lower (all figures US$). Wednesday afternoon’s average price of hogs in Iowa/Minnesota slumped […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, weighed down by profit-taking that pared morning gains and snapped the market’s three-day winning streak. August live cattle ended 1.1 cents per pound lower at 150.5, and October down 1.325 cents at 147.225 cents (all figures US$). CME live cattle spiked […] Read more
U.S. livestock: CME live, feeder cattle up third straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday finished higher for a third session in a row, supported by spillover short-covering from late last week, traders said. August live cattle ended one cent per pound higher at 151.6, and October was up 0.8 cent at 148.55 cents (all figures US$). Futures […] Read more
Tyson looks for other pork export markets after China ban
Chicago | Reuters — Tyson Foods plans to find other export markets for its pork products after a recent delivery to China triggered an export ban of half its U.S. hog slaughterhouses, the company told Reuters Friday. The U.S. Agriculture Department announced earlier this week that China was barring future pork imports from six U.S […] Read more
U.S. livestock: Short-covering extends CME live cattle gains
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher for a second straight session on Friday, with gains fuelled by short-covering following deep market losses earlier in the week, traders said. August live cattle ended 0.6 cent per pound higher at 150.6, and October was up 0.4 cent at 147.75 cents (all […] Read more
U.S. livestock: CME live cattle jump on short-covering
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Thursday on short-covering following recent heavy market losses, traders said. August live cattle ended 1.775 cents per pound higher at 150 cents, and October up 0.8 cent to 147.35 cents (all figures US$). CME live cattle chopped around during most of the […] Read more
U.S. livestock: CME live cattle close lower with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted losses on Wednesday after packers cut the cost of beef at wholesale markets to stir retail buying ahead of the Labour Day holiday, traders said. August live cattle ended 1.4 cents per pound lower at 148.225, and October closed down 1.125 cents at 146.55 […] Read more
U.S. livestock: CME live cattle fall sharply with initial cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished down sharply on Tuesday, pressured by preliminary sales of slaughter-ready or cash cattle at lower prices, traders said. August ended down the three-cents-per-pound daily price limit at 149.625 cents (all figures US$). October finished 2.775 cents lower, at 147.675 cents. On Tuesday morning, a […] Read more
U.S. livestock: CME live cattle turn higher on short-covering
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures on Monday closed higher on short-covering after last week’s heavy losses, traders said. August ended up 0.075 cent per pound at 152.625 cents, October 0.45 higher at 150.45 and December one cent higher at 151.25 cents (all figures US$). Futures made headway after settling […] Read more
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