GFM Network News


CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Lean hog futures rise as cash market firms

Rally pauses in CME cattle futures

Chicago | Reuters — U.S. lean hog futures rose on Tuesday, with the benchmark June contract setting a life-of-contract high on firm cash hog prices and signs of tightening supplies at a time of robust demand for pork, analysts said. On the Chicago Mercantile Exchange, most-active June lean hog futures settled up 0.8 cent at […] Read more

CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Lean hogs climb to 6-1/2-year high

Cattle futures follow hogs higher

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied for a second straight session on Wednesday and the spot contract rose to the highest in 6-1/2 years on elevated pork prices and expectations for continued strong pork export sales. Pork prices have been rising, led by higher pork belly values, as retailers and […] Read more


CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Lean hogs up on tightening hog supplies, strong pork demand

CME live cattle futures mixed

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly higher on Tuesday on lofty pork prices, tightening hog supplies and hopes for improved meat demand as economies begin to fully re-open after coronavirus pandemic shutdowns. Hog supplies have tightened following liquidation of the U.S. sow herd last year and some disease-related U.S. […] Read more

CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Cattle futures rise, hog futures weaken

Demand expected to rise on re-openings

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Monday supported by expectations of souped-up demand as economies begin to fully re-open after shutdowns related to COVID-19. “Cattle futures continue to price in better days ahead and the technical picture looks improved as well,” brokerage StoneX said in a statement. The most-active June […] Read more


CME April 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle end firm, hogs ease on profit-taking

Feeder cattle futures touch two-week top

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures edged higher on Friday on technical buying and as feeder cattle futures hit a two-week top on optimism about softening feed prices, analysts said. CME April live cattle settled up 0.475 cent at 119 cents/lb., holding above chart support at its 100-day moving average […] Read more

CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME hogs hit contract highs, led by strong cash markets

Live cattle futures close mixed

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures surged three per cent on Thursday, setting life-of-contract highs on firming cash hog markets and rising wholesale pork prices, traders said. CME April lean hog futures settled up 2.725 cents at 91.5 cents/lb. after recording a contract high at 91.7 cents (all figures US$). […] Read more


CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Lean hogs climb as pork prices rise, slaughter pace slows

Cattle futures anticipate grilling season

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Tuesday for a second straight day, supported by rising wholesale pork prices and a smaller weekly kill than a year ago, traders said. CME April lean hog futures ended up 1.05 cents at 88.35 cents/lb., moving back up toward a life-of-contract high […] Read more

CME April 2021 lean hogs with 20-, 40- and 100-day moving averages. (Barchart)

U.S. livestock: Hog futures drop on end-of-month profit taking

Live cattle book biggest one-day drop since November

Chicago | Reuters — U.S. hog futures dropped 2.9 per cent on Friday, with traders locking in profits from the rally on the last session of February. The loss, which pulled the market from the nearly two-year high hit on Thursday, was the biggest for hogs in percentage terms since Nov. 19. It snapped a […] Read more


CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hogs firm on follow-through buying, cash strength

U.S. beef export sales down on week

Chicago | Reuters — Chicago Mercantile Exchange live hog futures rose for the fourth day in a row on Thursday, hitting its highest since May 2019 on follow-through buying after rising the daily trading limit on Wednesday, traders said. Strength in the cash market also supported hog prices but the market closed off its high […] Read more

CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle slide on end-month profit-taking

Firm pork prices support CME lean hogs

Chicago | Reuters — U.S. live cattle futures closed lower on Friday as traders booked profits at the end of the week and month, and as Wall Street equity markets declined, traders said. Lower-than-expected cash cattle trades added to bearish sentiment. Market-ready cattle traded in the cash market as high as $113/cwt, traders said, up […] Read more