Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged lower on Monday, under pressure from weaker trades in U.S. Plains cash cattle markets that occurred after futures markets closed late on Friday, traders and analysts said. Feeder cattle futures also eased, tracking declines in the more actively traded live cattle market, while lean […] Read more
U.S. livestock: Cattle futures lower after weaker cash trades, hogs mixed
U.S. livestock: Slumping cash prices extend CME hogs’ losses
Chicago | Reuters — Chicago Mercantile Exchange hogs closed lower for a second day in a row on Friday, hit by downward-trending prices for market-ready, or cash, hogs amid plentiful supplies, said traders. Hog numbers are at a record high due to affordable feed and farmers adding to herds to satisfy four new U.S. plants […] Read more
U.S. livestock: CME hogs stumble on lower cash, pork prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures ended lower on Thursday after packers paid less money for market-ready, or cash, hogs as prices for pork at wholesale eased, said traders. Packer interest in raising hog bids waned in the midst of plentiful supplies and while Smithfield Foods closed some of their plants to […] Read more
U.S. livestock: Cash price uncertainty weakens CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle lost ground on Tuesday after investors exercised caution in advance of this week’s prices for market-ready, or cash, cattle, said traders. There may have been some disappointment after initial bids for cash cattle came in below last week’s sales, a trader said. On Tuesday packers had […] Read more
Klassen: Feeder market jumps on optimistic outlook
Western Canadian yearling prices were slightly softer during the second week of July, due to the historical high weekly marketings of feeder cattle south of the border; however, the market fully recovered last week. Feeder cattle prices tend to make a seasonal high in late July and this year is no exception. Market reports in […] Read more
U.S. livestock: CME cattle, hogs mixed in technical moves
Chicago | Reuters — U.S. live cattle and hog futures were mixed on Monday, with front-month contracts easing slightly while deferreds firmed in technical moves. Traders were unwinding bull spreads as they awaited the U.S. Agriculture Department’s cold storage report, which was released after markets closed. Monday afternoon’s USDA cold storage report showed month-over-month declines […] Read more
U.S. livestock: Cattle and hog futures both mixed ahead of USDA reports
Chicago | Reuters — U.S. live cattle futures were mixed on Friday, with the front-month contract firming slightly while deferreds eased as traders staked out positions ahead of the U.S. government’s closely watched inventory and Cattle on Feed reports. Pre-report positioning also was noted in fed cattle and hog contracts, with both of those markets […] Read more
U.S. livestock: CME cattle futures mixed in pre-report positioning
Chicago | Reuters — U.S. live cattle futures were mixed on Thursday, with the nearby contract easing while deferred months firmed slightly on positioning ahead of two big U.S. Department of Agriculture reports due Friday, traders said. Some investors were unwinding bull spreads placed during the cattle market’s rally to its highest in more than […] Read more
U.S. livestock: CME cattle rise but hog futures weaken
Chicago | Reuters — U.S. lean hog futures fell on Wednesday for the third day in a row, hitting new contract lows on worries that mounting trade tensions with key overseas buyers will cause supplies to rise, traders said. “Tariff concerns remain and there are fears that we are going to back pork up into […] Read more
U.S. livestock: CME lean hogs, live cattle end lower
Chicago | Reuters — U.S. lean hog futures fell on Tuesday for a second straight session, pressured by technical selling, ample pork supplies and worries that trade tensions with China and Mexico will curb export demand, traders said. “We still have cheaper grain, increased (hog) weight potential down the line — all of the above […] Read more
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