Chicago Mercantile Exchange live cattle sagged Friday as investors awaited the U.S. Department of Agriculture’s monthly cattle-on-feed report on Friday at 2 p.m. CDT. Analysts expect the data to show cattle placements last month fell as abundant grazing pastures kept animals out of feedyards longer. USDA’s monthly cold storage report will be issued on Monday […] Read more
U.S. cattle futures sag before USDA report
LIVESTOCK-Fund buying boosts u.s. cattle futures
Chicago Mercantile Exchange live cattle climbed Thursday on fund buying after futures broke through key technical resistance levels, traders and analysts said. August live cattle finished at 122.100 cents, or0.800 cent per lb higher. It ended above where the 20-day and 100-day moving average converged at 121.883 cents. October closed at 126.475 cents, or 1.225 […] Read more
Livestock – U.S. cattle futures wilt with beef demand
Chicago Mercantile Exchange live cattle futures fell on Wednesday as wholesale beef prices slumped amid scorching heat in parts of the country, traders and analysts said. “Conditions like these don’t typically encourage heavy high protein meals which will likely produce negative impact on animal protein consumption,” Hales Trading Co President David Hales said. The U.S. […] Read more
Rising temperatures heat up U.S. hog futures
Chicago Mercantile Exchange hog futures on Tuesday rose in anticipation of hot weather in the U.S. Plains pushing up cash hog prices, traders and analysts said. Hot humid weather tends to slow hog weight gains, resulting in fewer animals available for packers and less fresh pork for grocers. CME’s hog index, at 102.51 cents, fueled […] Read more
Slumping beef demand weakens U.S. live cattle futures
Chicago Mercantile Exchange (CME) live cattle futures posted modest losses on Friday with lower wholesale beef prices, traders and analysts said. August live cattle closed down 0.075 cent per pound, to 121.85 cents. October ended at 126.075 cents, or 0.35 cent lower (all figures US$). The U.S. Department of Agriculture’s Friday afternoon data showed the […] Read more
Most U.S. hog futures slide with cash, pork prices
Most Chicago Mercantile Exchange hog futures finished weaker on Thursday with lower cash hog and wholesale pork prices, traders and analysts said. The U.S. Department of Agriculture’s Thursday morning mandatory wholesale pork price, or cutout, was $102.70 per hundredweight (cwt). The price slipped 48 cents from Wednesday and fell six out of seven days (all […] Read more
U.S. hog futures spike, live cattle sag as funds roll
Chicago Mercantile Exchange hog futures spiked on Wednesday as funds sold the August contract and bought deferred months led by the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI). Funds that follow the S+PGSCI shifted their CME hog and live cattle August long positions mainly into October. Wednesday was the third of five days for […] Read more
Pork price rebound lifts U.S. hog futures
Chicago Mercantile Exchange hog futures rose on Friday after wholesale pork prices shrugged off pre-holiday losses ahead of U.S. Independence Day, analysts and traders said. CME hogs finished up 0.69 per cent for the week. Spot July hogs settled 0.725 cent/lb. higher at 102.35 cents, and then marked a new contract high of 102.4 cents […] Read more
Piglet virus spreads to North Carolina’s hog farms
A swine virus deadly to piglets has been discovered on two hog farms in North Carolina, an official in the No. 2 hog-producing U.S. state said Tuesday. Porcine epidemic diarrhea virus (PEDV) was found at a sow farm, where piglets are born, and at a finishing farm where hogs are fattened up for slaughter, said […] Read more
U.S. live cattle, hog futures gain before holiday
Chicago Mercantile Exchange live cattle futures gained modestly before the U.S. Independence Day holiday supported by higher wholesale beef prices, analysts and traders said. CME livestock markets closed at noon CT on Wednesday in advance of the holiday. Markets will reopen on Friday at 9:05 a.m. CT. The U.S. Department of Agriculture on Wednesday morning […] Read more
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