Reading Time: < 1 minute The price that the U.S. Department of Agriculture quoted for 65 per cent lean beef trimmings, used to make sausage and hamburgers, hit an all-time high Sept. 5, industry sources said. Roughly 462,250 lbs. of fresh 65 per cent lean trimmings, which is blended with 35 per cent fat to reach 100 per cent consistency, […] Read more
Price for U.S. beef trimmings hits record high
July cattle placements hit five-year low
Downward-trending cattle slaughter means beef prices will hover at or above record levels through 2014
Reading Time: 2 minutes The number of cattle placed in U.S. feedlots in July fell 10 per cent from a year earlier and to the lowest level for July in five years, a USDA report showed last Friday. Analysts attributed the decline to high-priced feed that hurt feedlot profits. Feedlots had fewer cattle to draw from after last year’s […] Read moreU.S. cattle futures firm as higher cash prices expected
Chicago Mercantile Exchange live cattle futures rose Friday on short-covering on expectations that cash prices could move higher in months ahead as supplies tighten, traders and analysts said. Smaller cattle numbers are approaching, which eventually will put cash closer in line with futures, said Oak Investment Group president Joe Ocrant. On Friday, feedlots held out […] Read more
CME cattle, hog futures end mixed as funds ‘roll’
Chicago Mercantile Exchange live cattle futures settled mixed on Thursday as funds sold their October positions and bought deferred contracts while conducting a strategy called a “roll.” Funds that use the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI) shifted, or rolled, their CME live cattle and hogs October long positions mainly into December. Thursday […] Read more
U.S. hog futures end lower as funds move positions
Chicago Mercantile Exchange hog futures settled lower on Wednesday as funds sold their October contracts and bought deferred months as they executed a regular monthly maneuver called a “roll.” Many of these funds, which utilized Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI), shifted, or rolled, their CME hog and live cattle October long positions […] Read more
U.S. hog futures dip on profit-taking, fund roll
Chicago Mercantile Exchange hog futures on Tuesday posted modest losses led by profit-taking following a recent string of market advances, traders and analysts said. Funds sold the October contract and bought deferred months in conjunction with the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI). Funds that follow the S+PGSCI shifted, or rolled, their CME […] Read more
U.S. hog futures mostly higher as funds roll
Chicago Mercantile Exchange hog futures closed mostly higher on Monday as funds sold the October contract and bought deferred months led by the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI), traders said. Funds that follow the S&PGSCI shifted, or rolled, their CME hog and live cattle October long positions mainly into December. Monday was […] Read more
Fund buying extends U.S. hog futures advances
Chicago Mercantile Exchange hog futures rose for a sixth straight session on Friday, led by fund buying that prompted short-covering, traders and analysts said. October futures’ discount to CME’s hog index, which was at 91.45 cents, encouraged buying and bullish spreads. CME hogs closed up 3.6 per cent for the week. October ended 1.5 cents […] Read more
U.S. live cattle futures slide as cash hopes dim
Chicago Mercantile Exchange live cattle futures slid on Thursday in anticipation of steady to weak cash prices, analysts and traders said. Sell stops exacerbated futures’ losses in response to the pullback in wholesale beef prices. CME live cattle October and December ended 0.775 cent lower at 125.225 cents and 129.125 cents, respectively (all figures US$). […] Read more
U.S. feeder cattle futures hit highest in more than a year
Chicago Mercantile Exchange feeder cattle futures rose on Friday as forecasts for good crop weather pushed futures to their highest level since June 18, 2012, traders said. The prospect of a record corn harvest in the fall extended CME feeder cattle gains for seventh straight week and a fifth month in a row. Investors bought […] Read more
Cyber-Savvy Farmer
