Chicago | Reuters — U.S. feeder cattle futures and deferred live cattle futures finished higher on Monday after the government reported placements in feedlots were lower than analysts expected last month. The U.S. Department of Agriculture, in monthly data issued after the close of trading on Friday, said producers placed 3.8 per cent more cattle […] Read more
U.S. livestock: Feeder cattle top one-week high
Traders digest U.S. cattle placements data; December hogs lower
U.S. livestock: CME cattle ease on larger U.S. supply, weaker equities
Lean hog futures continue higher
Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Thursday, with losses in equities and bigger-than-expected U.S. livestock supplies dragging down the markets. Traders kept an eye on Wall Street as weakness in stocks and concerns about the economy can limit consumer demand for pricey beef, analysts said. Stocks closed lower amid signs […] Read more
U.S. livestock: CME cattle, hogs rebound after recent losses
'Monday's washout was probably a bit overdone'
Chicago | Reuters — Cattle futures jumped at the Chicago Mercantile Exchange on Wednesday, bouncing off June lows hit this week on larger-than-expected U.S. supply numbers. Futures prices collapsed on Monday after the U.S. Department of Agriculture, in a report issued after markets closed on Friday, said that producers placed more cattle than expected into […] Read more
U.S. livestock: Cattle futures set June lows at CME
Lean hog futures touch contract lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit their lowest levels since June on Tuesday, as the market continued to digest larger-than-expected U.S. supply numbers. The market stabilized, however, after the February contract on Monday tumbled by the exchange-imposed daily trading limit. Trading limits for live cattle will revert back to the […] Read more
U.S. livestock: CME cattle sink to June lows
Lean hogs set contract lows
Chicago | Reuters — Chicago Mercantile Exchange cattle futures plunged to four-month lows on Monday under pressure from bigger-than-expected placements into U.S. feedlots last month. Lean hog futures set contract lows. The U.S. Department of Agriculture, in a monthly report issued after trading ended on Friday, said placements of cattle in feedlots during September totaled […] Read more
U.S. livestock: Feeder cattle rally as corn prices sag
Live cattle, lean hogs down
Chicago | Reuters — CME Group feeder cattle contracts rallied on Friday, their second day of gains, as weakening corn prices cut into feed costs and boosted profit margins at packers. Hog futures were weaker on follow-through selling after Thursday’s sharp decline. The August CME feeder cattle contract gained 3.275 cents, to 233.95 cents/lb., rising […] Read more
U.S. livestock: Hog, live cattle futures up on bargain buying
USDA Cattle on Feed data tops expectations
Chicago | Reuters –– Chicago Mercantile Exchange lean hog and live cattle futures rose on Friday on some bargain buying ahead of the weekend. Hog futures snapped a three-session losing streak, the longest for the December contract in five weeks, while live cattle rebounded from its lowest since June 29. CME December lean hogs rose […] Read more
U.S. cattle placements hit 16-year high for February
Chicago | Reuters — Ranchers drove 7.3 per cent more cattle into U.S. feedlots in February than a year ago, the U.S. Department of Agriculture reported on Friday, the most for the month in 16 years. Persistent drought in the U.S. Plains withered winter wheat grazing pastures, which forced beef cattle into feedyards in states […] Read more
U.S. cattle placements spike in August
Chicago | Reuters — Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about three per cent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline […] Read more
U.S. July feedlot cattle placements smaller than expected
Chicago | Reuters — Ranchers in July placed 2.7 per cent more cattle in U.S. feedlots than a year ago, the U.S. Department of Agriculture reported on Friday, which fell short of average analysts’ forecasts. Dwindling profits for feedyards, after being paid less for their cattle by packers, discouraged them from buying calves for fattening […] Read more
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