Chicago | Reuters –– U.S. lean hog futures rose as much as two per cent on Thursday, lifted by large weekly pork export sales and hopes a deal between JBS USA and Cargill could lead to more international shipments, traders and analysts said. Volume was light in an abbreviated session ahead of the U.S. July […] Read more
U.S. livestock: Hogs near three-week high on export optimism
U.S. livestock: Strong cash prices drive CME live cattle limit-up
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed up their three cent/lb. maximum daily price limit on Wednesday, ignited by short-covering in response to better-than-expected cash prices, traders said. August and October finished at 151.075 and 153.7 cents, respectively (all figures US$). The CME live cattle trading limit will be expanded to […] Read more
U.S. livestock: Corn prices drop CME feeder cattle limit down
Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent/lb. maximum daily limit on Tuesday, responding to steep corn market gains, traders said. Chicago Board of Trade corn futures jumped nearly eight per cent after the U.S. Department of Agriculture’s bullish grain report. Pricey corn could increase input costs […] Read more
U.S. livestock: CME live cattle rebound on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday, supported by short-covering before the final trading session of the quarter on Tuesday, analysts said. June, which will also expire on Tuesday, finished 1.275 cents/lb. higher at 149.675 cents, and August up 1.35 cents, to 149.875 cents (all figures US$). “I think […] Read more
U.S. livestock: CME hogs gain on short covering before USDA report
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Friday, supported by short covering before the U.S. Department of Agriculture’s quarterly hog report expected at 2 p.m. CT, traders said. Analysts expect Friday’s report to show further herd expansion during the March through May quarter compared with a year earlier. “The […] Read more
U.S. livestock: CME feeder cattle limit down as corn prices jump
Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent per pound maximum daily limit on Thursday following double-digit corn market gains, traders said. Chicago Board of Trade corn futures surged as much as three per cent on worries heavy rainfall could reduce U.S. Midwest crop belt yield potential. High-priced […] Read more
U.S. livestock: CME live cattle extend losses, hogs mixed
Chicago | Reuters –– Chicago Mercantile Exchange live cattle losses on Tuesday spilled over into Wednesday, pressured by sell stops and fund liquidation despite sharply higher wholesale beef values, traders said. June closed 1.325 cents per pound lower at 150.675 cents (all figures US$). August finished down 1.5 cents at 150.325 cents after falling below […] Read more
U.S. livestock: CME live cattle retreat, hogs end mixed
Chicago | Reuters –– Chicago Mercantile Exchange live cattle turned lower on Monday, pressured by profit-taking and futures’ modest premiums to last week’s cash prices, traders said. June closed 0.45 cent per pound lower at 152 cents, and August was down 0.075 cent, to 151.825 cents (all figures US$). Futures changed from being at a […] Read more
U.S. livestock: CME live cattle futures turn back early selling
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, reversing initial weakness helped by short-covering and the morning’s wholesale beef price bounce, traders said. June closed up 0.55 cents per pound at 152.45 cents, and August 1.225 cents higher at 151.9 cents (all figures US$). Monday morning’s wholesale choice beef […] Read more
U.S. livestock: CME live cattle rally before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday gained for the first time in seven sessions, partly buoyed by short-covering and positioning before the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT. Analysts on average expect Friday’s report to show 7.2 per cent fewer cattle placed […] Read more
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