Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Friday, with firm cash cattle markets supporting actively traded nearby months. Forecasts for possible winter weather in the U.S. Plains next week, which could slow down weight gains and cattle marketings, added further support. Feedlot cattle in Nebraska traded at mostly $119/cwt […] Read more
U.S. livestock: Nearby live cattle rise on firm cash prices
U.S. livestock: February hogs down, cattle up ahead of USDA data
Chicago | Reuters — Chicago Mercantile Exchange cattle futures edged higher while hog futures eased slightly on Thursday as traders awaited the release of two key U.S. government reports. The U.S. Agriculture Department reports, released after the market closed, showed that the U.S. hog herd was slightly lower than analysts were expecting, at 102 per […] Read more
U.S. livestock: Hogs, cattle end mixed ahead of supply reports
Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures ended mixed on Wednesday as traders squared positions ahead of two key U.S. government reports due on Thursday, traders said. The U.S. Department of Agriculture is scheduled to release its monthly cattle on feed report and its quarterly hogs and pigs report […] Read more
U.S. livestock: Cattle futures rally after bullish USDA data
Chicago | Reuters — Chicago Mercantile Exchange cattle futures were higher on Wednesday, extending earlier small gains after government supply reports showed fewer-than-expected U.S. cattle supplies, traders said. U.S. Department of Agriculture monthly Cattle on Feed data showed 11.692 million cattle in U.S. feedlots as of Nov. 1. That figure was three per cent higher […] Read more
U.S. livestock: Hogs fall after contract highs on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled three per cent on Tuesday, reversing after hitting contract highs as investors locked in profits ahead of Thursday’s U.S. Thanksgiving Day holiday, traders said. Hog futures had gained in eight out of the past nine sessions on hopes of stronger pork demand, especially in […] Read more
U.S. livestock: Cattle futures ease ahead of USDA report
Chicago | Reuters — Chicago Mercantile Exchange livestock futures were lower on Friday, with both live cattle and lean hogs easing on worries that U.S. supplies were growing faster than demand, traders and analysts said. Cattle futures declined ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report, which was released after the […] Read more
U.S. livestock: CME live cattle end higher, gaining against hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose more than one per cent on Wednesday on optimism about firmer cash cattle trade this week and inter-market spreading against hog futures, traders said. The market shrugged off bearish cattle and beef data from the U.S. Department of Agriculture in Monday’s Cold Storage and […] Read more
Klassen: Feeder cattle market holding value
Compared to last week, western Canadian yearling prices were steady to as much as $4 higher while calf values traded within $5 on either side of unchanged. Current feedlot margins are hovering around break-even, but profitability will improve during October and November, given the recent strength in the deferred live cattle futures. Therefore, short-keep feeders […] Read more
U.S. livestock: CME cattle up on technical buying
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 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
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