Chicago | Reuters — Chicago Mercantile Exchange live cattle rose for a third straight day on Friday with support from fund buying and futures’ discounts to late-afternoon cash price expectations, said traders. They said some market participants sold April futures and simultaneously bought deferred months in a trading strategy known as bear spreading. April live […] Read more
U.S. livestock: CME live cattle extend gains as funds buy
U.S. livestock: Bargain buying rallies CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Thursday after bargain buying lifted futures from four-month lows, said traders. They said buy stops and deferred-month technical buying furthered market advances. April hogs ended up 0.3 cent/lb. to 63.925 cents, and May 1.2 cents higher at 69.55 cents (all figures US$). “We […] Read more
U.S. livestock: CME live cattle end firmer despite cash pessimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained modestly on Wednesday, aided by their discounts to this week’s cash price expectations, said traders. They said sufficient supplies and seasonally tepid wholesale beef demand capped market advances. April live cattle closed up 0.05 cent/lb. to 118.275 cents, and June up 0.125 cent to […] Read more
U.S. livestock: CME hog futures hit four-month low
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell to their lowest level since early December on Tuesday, with ample supplies dragging down cash prices for a ninth straight session, said traders. April hogs ended 1.125 cents/lb. lower at 63.675 cents, and May closed down 1.225 cents to 68.175 cents (all figures US$). […] Read more
U.S. livestock: CME hog futures slump on pork demand fears
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Monday, pressured by concerns that the seasonal bump in supplies might further hurt cash prices and curb retail pork buying, said traders. They said sell stops and fund liquidation hastened hog market losses. April hogs ended 0.875 cent/lb. lower at 64.8 cents, and […] Read more
Klassen: Feeder cattle upward trend stalls
Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Noticeable slippage was noted in shorter-keep cattle while lighter weight categories experienced spurts of $2-$3 above last week’s prices. Alberta packers were buying fed cattle at $292 on a dressed basis, up about $4-$6 from week-ago levels. However, auction rings experienced a subdued tone […] Read more
U.S. livestock: Cattle, hogs narrowly mixed on quarter-end positioning
Chicago/Reuters – U.S. livestock futures were narrowly mixed on Friday, with live cattle edging slightly higher in a rebound from an earlier 10-day low as investors squared up their positions on the final day of the quarter, traders and analysts said. Most-active Chicago Mercantile Exchange June live cattle settled unchanged at 110.875 cents per lb, […] Read more
U.S. livestock: Hog prices rally on bargain buying before USDA report
Chicago/Reuters – Chicago Mercantile Exchange lean hogs finished higher on Thursday, with strength from bargain buying prior to what turned out to be a neutral U.S. government hog report after futures closed, said traders. The U.S. Department of Agriculture’s quarterly hog report showed a record-large March 1 herd, with most of the data close to […] Read more
U.S. livestock: Cash discounts lift live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed firmer on Wednesday, with support from short-covering tied to futures’ discounts to preliminary cash prices, said traders. April live cattle closed 0.575 cent/lb. higher at 121.35 cents, and June up 0.25 cent to 111.85 cents (all figures US$). Market-ready, or cash, cattle at Wednesday […] Read more
U.S. livestock: Fallen cash, pork prices sink CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday slumped to their lowest level in two months, as cash and wholesale pork values dropped on abundant supplies, said traders. They said sell stops and fund liquidation accelerated market declines. April hogs ended 0.55 cent/lb. lower at 65.1 cents, and below the 200-day moving […] Read more
Cyber-Savvy Farmer
