Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Thursday, helped by technical buying and this week’s steady-to-firmer cash prices, said traders and analysts. They said the prospect of increased supplies capped back-month futures advances. February live cattle closed 0.875 cent/lb. higher at 117.65 cents, and above the 40-day moving average […] Read more
U.S. livestock: CME live cattle end firmer
U.S. livestock: Initial cash prices drop CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Wednesday, pressured by softer wholesale beef values and some preliminary cash prices that fell short of expectations, traders said. They said sell stops and fund liquidation compounded market losses. February live cattle closed 0.9 cent/lb. lower at 116.775 cents, and April 1.75 […] Read more
U.S. livestock: CME hog futures again reach new highs
Chicago | Reuters — Chicago Mercantile Exchange February lean hogs on Tuesday scored a fresh contract high, and deferred months scored new monthly tops, led by brisk wholesale pork demand cash price optimism, said traders. February hogs ended 1.025 cents/lb. higher at 72.375 cents, and hit a new contract high of 72.8 cents (all figures […] Read more
U.S. livestock: Cash, pork prices boost CME hogs to new highs
Chicago | Reuters — Chicago Mercantile Exchange lean hog February futures scored a fresh contract high and deferred contracts scored monthly highs on Monday, fuelled by firmer cash and wholesale pork values, said traders. February hogs ended 1.025 cents/lb. higher at 71.35 cents, and hit a new contract high of 71.425 cents. April ended 0.975 […] Read more
Klassen: Feeder cattle markets digest USDA inventory report
Western Canadian feeder cattle markets traded $5 higher to as much as $10 lower compared to week-ago levels. The U.S. Department of Agriculture’s Cattle on Feed report, along with U.S. inventory data, confirmed larger beef supplies in upcoming months, which set a negative sentiment amongst feedlot operators. Auction markets experienced variable price ranges on similar-weight […] Read more
U.S. livestock: Hogs extend gains on packer demand
Chicago | Reuters — U.S. lean hog futures extended gains to a fresh seven-month high on Thursday, lifted by strong pork packer demand, while cattle futures also climbed in a short-covering rebound from Wednesday’s multiweek lows, traders and analysts said. Traders continued to bull-spread Chicago Mercantile Exchange lean hogs, with the front-month February contract hitting […] Read more
U.S. livestock: Hogs jump on pork gains
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged three per cent to a seven-month high on Tuesday as rising pork and cash hog prices triggered investment fund and chart-based futures buying, traders and analysts said. CME live and feeder cattle futures fell to multi-week lows, pressured by ample cattle supplies. The U.S. […] Read more
Klassen: Fed cattle uncertainty restricts upside in feeders
Western Canadian feeder cattle were actively trading $3-$5 higher compared to week-ago levels. Order buyers felt like they were groping in the dark but realized there was a fair amount of buying interest by the week’s end. Alberta and Ontario orders were floating aggressively into Manitoba and eastern Saskatchewan, which kept the market flat across […] Read more
U.S. livestock: Cattle fall most in three weeks on U.S. placements
Chicago | Reuters — U.S. live cattle futures notched their biggest losses in about three weeks on Monday in a sell-off triggered by government data showing larger numbers of cattle placed on feed in December, traders said. Both live and feeder cattle futures fell to their lowest since Jan. 9 as investors liquidated long bets […] Read more
U.S. December feedlot cattle placements hit six-year high
Chicago | Reuters — U.S. feedlots brought in 18 per cent more cattle in December than the year-earlier month, the U.S. Department of Agriculture said on Friday, which topped forecasts and reached a six-year high for that month. Higher prices for slaughter-ready, or cash, cattle last month improved profit for feedlots. That allowed them to […] Read more
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