Chicago Mercantile Exchange hog futures climbed Thursday, driven by fund buying and short-covering on the eve of the last trading day of the month, traders and analysts said. Investors also adjusted positions ahead of the Sept. 2 Labour Day holiday, traders said. CME hogs gained almost 1.4 per cent, their biggest one-day percentage increase since […] Read more
Fund buying boosts U.S. hog futures
Lower cash prices pull down U.S. hog futures
Chicago Mercantile Exchange hog futures turned lower on Wednesday as U.S. packers slashed cash bids ahead of the Sept. 2 Labour Day holiday, traders and analysts said. The U.S. Department of Agriculture on Wednesday morning quoted the average hog price in the most-watched Iowa/Minnesota market $3.10 cents per hundredweight (cwt) lower from Tuesday at $85.13 […] Read more
Tyson takes lead with Zilmax ban
Reading Time: 4 minutes When top U.S. meat packer Tyson Foods Inc. abruptly announced it would stop buying cattle fed with a widely used drug that can add more than 30 pounds to the average steer, the implications for markets were clear: less meat, higher prices. Tyson, which buys about one in four of all U.S. cattle for slaughter, […] Read more
CME feeder cattle futures rally as corn turns lower
Chicago Mercantile Exchange feeder cattle futures on Tuesday rebounded from Monday’s losses, supported by sentiment that lower corn prices would ease input costs for feedlot operators, analysts and traders said. Chicago Board of Trade (CBOT) corn retreated on profit-taking following Monday’s spike, driven by hot, dry weather in the Plains that could hurt yields. Spot […] Read more
CME feeder cattle futures plunge as corn prices surge
Chicago Mercantile Exchange feeder cattle futures closed sharply lower on Monday, with October down its limit of three cents per pound, as investors worried that high-priced corn may curb feedlot demand for young cattle, traders said. Corn prices at the Chicago Board of Traded spiked near their 40-cent daily price limit led by hot weather […] Read more
U.S. live cattle futures sag before USDA report
Chicago Mercantile Exchange live cattle futures closed lower Friday as traders tweaked positions ahead of the U.S. Department of Agriculture’s monthly cattle-on-feed report expected at 2 p.m. CT. Analysts polled by Reuters believe the smaller U.S. cattle herd and high-priced feed resulted in feedlots drawing from fewer cattle available for feeding now. Spot August live […] Read more
Lower cash prices drag down CME hog futures
Chicago Mercantile Exchange hog futures fell on Thursday in reaction to lower cash hog and pork prices and a seasonal increase in hog supplies, traders and analysts said. The U.S. Department of Agriculture on Thursday morning reported the average hog price in the closely watched Iowa/Minnesota market fell $1.92 per hundredweight (cwt) from Wednesday to […] Read more
CME hog futures slide as supplies seasonally increase
Chicago Mercantile Exchange hog futures dropped on Wednesday in response to lower cash hog prices that were pressured by a season increase in supplies, traders and analysts said. The U.S. Department of Agriculture on Wednesday morning reported the average hog price in the most-watched Iowa/Minnesota market slumped $1.94 per hundredweight (cwt) from Tuesday to $91.45 […] Read more
CME live cattle futures up with cash expectations
Chicago Mercantile Exchange live cattle futures gained modestly on Tuesday in anticipation of higher cash prices this week, traders and analysts said. Spot August live cattle ended up 0.2 cent at 123.85 cents per pound. Most-actively traded October closed up 0.075 cent, at 128.15 cents (all figures US$). No cash cattle bids or asking prices […] Read more
CME live cattle futures mostly higher as corn surges
Chicago Mercantile Exchange deferred live cattle futures rose on Monday in reaction to ideas the surge in corn prices will slow cattle production, traders and analysts said. CME live cattle and hog traders bought deferred months with the view that livestock producers may feed fewer cattle and hogs and fatten them to lighter weights if […] Read more
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