Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, with the most-active contract hitting its lowest price since July, as the market continued to retreat from recent highs. Futures and cash prices have jumped this year after drought reduced the amount of pastures available for grazing and prompted U.S. cattle […] Read more
U.S. livestock: October live cattle futures lowest since July
October hogs up almost a cent
U.S. livestock: CME live cattle set two-week low
Lean hogs touch June low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stumbled to their lowest level in more than two weeks on Wednesday, while lean hogs hit their lowest price since June. Drought prompted U.S. cattle producers to reduce their herds since last year by driving up feed costs and reducing the amount of pasture available […] Read more
U.S. livestock: Technical selling extends setback in CME lean hogs
Live cattle futures generally sideways
Chicago | Reuters — Chart-based selling drove Chicago Mercantile Exchange lean hog futures lower on Tuesday, brokers said, as the market extended a recent setback. Most-active October lean hog futures fell 0.95 cent, or 1.2 per cent, to settle at 78.2 cents/lb. and touched their lowest price since July 3 (all figures US$). The contract […] Read more
U.S. livestock: CME lean hogs down on technical selling
Cattle futures also lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped to their lowest level in six weeks on Monday on technical selling and ample U.S. supplies, brokers said. The market has pulled back after rising on Aug. 1 to its highest price since March. “Hogs are doing what they do — trying to find […] Read more
U.S. livestock: Cattle futures fall as packers’ profit margins in red
Lean hog futures show gains
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday, as cash cattle prices eased and packers continued to hemorrhage profits and remained reluctant to pay more for animals, analysts and traders said. Meanwhile, lean hog futures firmed as profit margins improved for pork processors. Limited cattle supplies kept a floor under the […] Read more
U.S. livestock: CME cattle firm, hogs mixed
Cattle supply outlook overrides demand concerns
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, buoyed by a round of technical support as the market remained near last week’s highs. Feeder cattle contracts also posted gains, while lean hog futures were mixed Traders said that tight supplies underpinned cattle futures prices despite demand concerns. CME August live […] Read more
U.S. livestock: Cattle up on U.S. supply worries
CME lean hog futures sag
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures strengthened on Wednesday as tight U.S. supplies continued to support the market, analysts said. Feeder cattle futures also advanced, while lean hog futures declined. The live cattle market is largely trading sideways in the most-active contract this week after finishing with strong gains on Friday, […] Read more
U.S. livestock: CME cattle steady to weak
Hogs mixed with demand in focus
Chicago | Reuters — Chicago Mercantile Exchange cattle futures were steady to weak, while hog futures were mixed on Tuesday, with the market pressured by demand concerns as the end of grilling season nears, traders said. August live cattle futures ended unchanged at 179.7 cents/lb. (all figures US$). Most-active October live cattle fell 0.525 cent, […] Read more
U.S. livestock: CME cattle firm on steady-higher cash
Lean hog futures regained after softening on Thursday
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Friday, supported by underlying strength in the cash markets and tighter cattle slaughter, analysts said. August live cattle futures LCQ3 added 2.400 cents to 180.900 cents per pound. Most-active October live cattle LCV3 lifted 1.600 cents to settle at 182.900 cents per pound. […] Read more
U.S. livestock: CME lean hogs decline; cattle inches higher
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell on Thursday, pressured by declining demand and expectations of greater supplies of market-ready hogs heading into the fall, analysts said. “You had a cutout that took a big step back yesterday. You had export numbers that weren’t especially supportive this morning, and the fact […] Read more
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