Chicago | Reuters — U.S. livestock futures slumped again on Thursday, volatility roiling the market as it faced resistance over surging stocks and growing concerns that meat packers will close plants in the COVID-19 coronavirus pandemic. Lean hog future prices slipped for a second session on concerns about the domestic glut of hog supplies and […] Read more
U.S. livestock: Futures slide as COVID-19 worries roil market
Concerns over meat processing pace drag on cattle, hogs
U.S. livestock: Bargain-buying investors rally cattle futures, again
CME June lean hogs down on day
Chicago | Reuters — U.S. cattle futures surged for a second straight session on Wednesday, as investors kept snapping up deep discounts in futures prices, traders said. Lean hog future prices slipped, as concern continued to mount over a glut of domestic pork supplies and uncertainty on how quickly the U.S. sow herd is shrinking. […] Read more
U.S. livestock: Live cattle futures drop as pandemic roils markets
Technical buying lifts hogs, feeder cattle
Chicago | Reuters — U.S. live cattle futures plunged to their daily trading limit on Monday — with prices for the front-month contract hitting the lowest seen since December 2009 — as beef inventories remain robust with much of the U.S. restaurant industry shuttered due to the pandemic. April live cattle were down the 4.5-cent […] Read more
U.S. livestock: Hog futures hit 17-1/2-year low
Cattle also sink as virus measures disrupt markets
Chicago | Reuters — U.S. hog futures fell on Friday to the lowest point since late 2002 on tumbling pork prices and slowing slaughter rates as measures to control the COVID-19 coronavirus pandemic shuttered schools and restaurants and sent U.S. unemployment rates soaring. Cattle futures also dropped as wholesale beef and cash feedlot cattle prices […] Read more
U.S. livestock: Hog futures drop to 3-1/2 year low
Cattle also limit down on coronavirus pandemic
Chicago | Reuters — U.S. hog futures dropped to a 3-1/2 year low on Thursday while cattle tumbled as recession concerns and surging U.S. unemployment due to the coronavirus pandemic triggered broad liquidation across the battered livestock markets. Both live and feeder cattle and lean hogs dropped by their daily trading limits for a second […] Read more
U.S. livestock: Cattle, hogs limit down on coronavirus fears
Market has to 'reevaluate' supply/demand picture
Chicago | Reuters — U.S. livestock futures on the Chicago Mercantile Exchange (CME) plunged by their daily trading limits on Wednesday as stricter coronavirus emergency measures hammered stock markets and deepened worries about a global recession. Live cattle futures dropped for the fourth time in five sessions, erasing all of the prior session’s gains, while […] Read more
U.S. livestock: Cattle futures jump in end-of-month, -quarter rebound
Lean hog futures up in most months
Chicago | Reuters — U.S. live cattle futures rallied by as much as the daily three-cent trading limit on Tuesday in an end-of-month and end-of-quarter profit-taking bounce following a steep drop fueled by concerns about the fast-spreading coronavirus and its economic impact. The recent dive in prices as governments imposed stay-at-home orders and restrictions on […] Read more
U.S. livestock: April hogs limit down, cattle ease
Chicago | Reuters — U.S. lean hog futures on Monday sank by an expanded daily limit and cattle futures weakened on increased concerns that slaughterhouses will close due to the spread of the COVID-19 coronavirus. Traders worry that shutdowns could back up supplies of livestock by removing markets for the animals. Canada’s largest hog producer, […] Read more
U.S. livestock: Hog, cattle futures dive as volatile trade continues
Chicago | Reuters — U.S. lean hog futures tumbled on Friday, with several contracts falling the expanded daily limit of 4.5 U.S. cents/lb. on worries about a slowdown in demand for pork and fears that the coronavirus could shutter slaughterhouses, potentially backing up hog supplies, traders said. Chicago Mercantile Exchange June lean hog futures settled […] Read more
U.S. livestock: Hogs limit down as grocery panic eases
Widespread layoffs raise concern over beef demand
Chicago | Reuters — U.S. lean hog futures fell their daily three-cent limit on Thursday on signs that a consumer meat-buying frenzy has cooled, allowing traders to re-focus on plentiful U.S. hog and pork supplies, traders said. The benchmark June lean hog futures contract on the Chicago Mercantile Exchange settled down three cents at 68.75 […] Read more