Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, with the most-active December contract rallying from a one-week low on technical buying and anticipation of strong consumer demand, traders said. The market shook off pressure from bearish data in Monday’s U.S. Department of Agriculture cold storage report, which showed total […] Read more
U.S. livestock: CME cattle up on technical buying
U.S. livestock: CME cattle futures sag after USDA data
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined on Monday, pressured by technical selling and bearish data in a monthly U.S. Department of Agriculture report released on Friday, traders said. USDA late on Friday reported the number of U.S. cattle on feed as of Sept. 1 at 11.125 million head, up six […] Read more
U.S. livestock: Cattle climb ahead of USDA supply report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were higher on Friday, boosted by short-covering in a rebound from an earlier one-week low, traders and analysts said. Traders also were squaring their positions ahead of the U.S. Department’s monthly Cattle on Feed report, which was released after the close of trading. The slightly […] Read more
U.S. livestock: Hog futures widely mixed on spreading
Chicago | Reuters — U.S. lean hog futures were widely mixed on Thursday, with nearby contracts gaining on the back of higher hog prices in cash markets while deferred futures contracts lost ground, traders and analysts said. Cattle futures, both live and feeder, continued to decline as traders locked in profits following the six-month highs […] Read more
U.S. livestock: Hogs jump on gains in cash hogs, pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged over four per cent on Tuesday, rising to the highest levels in three months on support from gains in prices for hogs in cash markets and wholesale pork, traders said. A lower U.S. hog slaughter in recent days due to Hurricane Florence limited pork […] Read more
Klassen: Feeder market eyes April live cattle futures
Compared to last week, western Canadian feeder cattle markets traded steady to $3 higher. Strength in the deferred live cattle futures, particularly the April contract, spilt over into the cash feeder market. Limited supplies of yearlings also contributed to the firmer tone. Feedlots have been patiently securing heavier replacements, but we’re now on the home […] Read more
U.S. livestock: Live cattle mixed on profit-taking
Chicago | Reuters — U.S. live cattle futures settled narrowly mixed on Monday, with some contracts easing slightly after prices surged to six-month highs following strong sales in cash markets late on Friday, traders said. Front-month October live cattle jumped to a peak of 113.975 cents/lb., highest since March 14, before settling at 113.425 cents, […] Read more
U.S. livestock: Live cattle rally to six-month high on strong demand
Chicago | Reuters — U.S. live cattle futures ended sharply higher to limit up on Friday on in a short-covering and technical buying rally to six-month peaks fueled by strong demand for beef and expectations for higher cash market prices this week. Cattle traders are still waiting for more widespread cash deals to develop at […] Read more
U.S. livestock: Live cattle end mixed
Chicago | Reuters — U.S. live cattle futures ended mixed on Thursday as nearby contracts were anchored by their premium to cash market prices while deferred months firmed to contract highs on a strong demand outlook, traders said. Feeder cattle futures followed deferred live cattle contracts higher, along with continued support from a slumping corn […] Read more
U.S. livestock: Hogs jump on hopes for China trade talks
Chicago | Reuters — U.S. lean hog futures jumped more than two per cent on Wednesday on news that the Trump administration is attempting to restart trade negotiations with China, a major importer which has steep duties on shipments of U.S. pork. Senior U.S. officials led by Treasury Secretary Steven Mnuchin recently sent an invitation […] Read more
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