Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures closed lower on Thursday, partly weakened by uncertainty over U.S. trade with China, traders said. China on Thursday urged the U.S. to make a “wise choice” on trade, saying it was ready to respond in case Washington chose confrontation, as U.S. President Donald […] Read more
U.S. livestock: Trade fears drag down CME live cattle, hogs
U.S. livestock: CME hogs snap back on higher cash, wholesale pork prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Tuesday recovered from Monday’s selloff, helped by higher wholesale pork values and surging market-ready, or cash, hog prices, traders said. Fund buying and bargain hunting enhanced futures advances, they said. June hogs, which will expire on Thursday, closed up 0.375 cent/lb. at 80.525 cents (all […] Read more
U.S. livestock: Surging cash prices, easing trade fears boost CME hogs
Chicago | Reuters –– Chicago Mercantile Exchange hog futures closed higher on Friday fueled by rising prices for market-ready, or cash, hogs and less concern about U.S. pork trade with Mexico, said traders. On Thursday the Mexican government said it would allow some U.S. pork into the country duty-free under an import quota despite retaliatory […] Read more
U.S. beef packer margins soar as cattle prices fall
Chicago | Reuters — U.S. beef packers including Tyson Foods and Cargill are racking up historically high margins, thanks to slumping cattle prices amid a supply glut and as Americans turn to beef for their backyard summer barbecues. Supermarkets are stocking up on steaks, hot dogs and hamburgers for the May 26 U.S. Memorial Day […] Read more
U.S. livestock: Live cattle rebound on technical buying, short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures bounced on Thursday on technical buying and short-covering following three days of steep declines that had sliced prices by more than five per cent, traders said. Optimism that a deal on a revamped North American Free Trade Agreement (NAFTA) could be reached by the end […] Read more
U.S. livestock: Live cattle drop on weak cash prices, big supply
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped for a third straight session on Wednesday on weakening cash cattle prices and plentiful supplies of market-ready animals, traders said. Actively traded CME August live cattle futures settled 1.35 cents lower at 99.05 cents/lb., its lowest since April 4 (all figures US$). June cattle […] Read more
U.S. livestock: Live cattle rally on Plains cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied on Friday as cash cattle at U.S. Plains feedlot markets traded at higher prices amid rising beef values and robust packer margins, traders said. Milder temperatures around much of the country following an unusually chilly stretch of early spring weather is lifting demand for […] Read more
U.S. livestock: Cattle advance as beef prices push higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed on Wednesday as rising beef prices bolstered beef packer margins and fueled expectations for higher cash cattle prices this week, traders said. CME April live cattle closed 0.825 cent/lb. higher at 121.925 cents, June futures were up 0.525 cent at 105.575 cents and August […] Read more
U.S. livestock: Cattle futures jump on firm cash, higher beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed on Monday in response to higher cash cattle prices late last week and rising beef prices, traders said. Supplies of cattle remain large, but demand for market-ready stock is likely to remain strong due to profitable packer margins and milder weather around the U.S. […] Read more
U.S. livestock: CME live cattle, hogs close higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle hit a two-week high Thursday, driven by short-covering and futures’ discounts to this week’s prices for slaughter-ready, or cash, cattle, said traders. Remaining cash prices in parts of the northern U.S. Plains might benefit from tight cattle supplies along with forecasts for heavy snow and high […] Read more
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