Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Wednesday after investors pocketed profits while waiting for this week’s prices for market-ready (cash) cattle, traders said. April closed 1.45 cents per pound lower at 161.55 cents, and June was down 0.875 cent at 151.45 cents (all figures US$). Cash cattle bids surfaced […] Read more
U.S. livestock: CME live cattle retreat while awaiting cash trade
U.S. livestock: CME live cattle futures buck early losses, hogs wilt
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Tuesday following improved wholesale beef values and futures’ discount to last week’s cash prices, traders said. April closed 0.55 cent per pound higher at 163 cents, and June was up 0.575 cent at 152.325 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more
U.S. livestock: CME live cattle futures end down, hogs up
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed lower on Monday pressured by concerns about consumer demand and a seasonal uptick in supply, while last week’s higher cash trade limited losses, analysts and traders said. April closed 0.575 cent per pound lower at 162.45 cents and June closed 1.625 cents/lb. lower at 151.75 […] Read more
U.S. livestock: CME live cattle end up, hogs mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday as expectations of steady-to-higher cash trade later this week lifted futures, traders said. April closed 1.225 cents per pound higher at 163.025 cents and June closed 1.15 cents/lb. higher at 153.375 cents (all figures US$). “The market is anticipating better cash cattle […] Read more
U.S. livestock: CME live cattle futures mixed
Chicago | Reuters –– Chicago Mercantile Exchange front-month live cattle closed higher on Wednesday, supported by the anticipation of steady to higher cash trade later this week, traders said. April closed 0.5 cents per pound higher at 161.825 cents and June closed 0.05 cent lower at 152.275 cents (all figures US$). Last week, cash cattle […] Read more
U.S. livestock: CME live cattle futures finish lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower Tuesday on profit-taking on the final trading session of the quarter, traders said. April closed 1.175 cents per pound lower at 161.325 cents, and June 0.65 cent lower at 152.325 cents (all figures US$). In a trading strategy known as bear spreading, investors sold […] Read more
U.S. livestock: CME hogs close firm after USDA report
Chicago | Reuters — Chicago Mercantile Exchange lean hogs gained modestly on Monday, helped by short-covering and deferred-month buying pegged to Friday’s U.S. Department of Agriculture quarterly hog report, traders said. Last Friday’s report showed active herd expansion during the December-February quarter that slowed as producer profits waned. Nearby hog futures bounced around throughout the […] Read more
USDA hog report confirms active herd growth as PED fears ease
Reuters — The U.S. hog herd grew seven per cent during the December-February quarter versus the same period last year, a U.S. Department of Agriculture report showed on Friday, reflecting producer profitability and the less-severe porcine epidemic diarrhea (PED) virus, said analysts. Hog farmers willingly expanded their herds after vaccines and tighter biosecurity measures offset […] Read more
U.S. livestock: CME hogs mixed before USDA report
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled narrowly mixed Friday on positioning prior to the U.S. Department of Agriculture’s quarterly hog report at 2 p.m. CT, traders said. Analysts expect Friday’s report to confirm active herd expansion during the last quarter. April and May closed up 0.15 cent per pound, to […] Read more
U.S. livestock: CME hogs bounce with pork price, live cattle sag
Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Thursday, driven partly by short-covering following a spike in wholesale pork values, traders said. April closed 1.15 cent per pound higher at 60.975 cents, and May up 1.5 cents at 68.025 cents (all figures US$). The morning’s wholesale pork price jumped $1.51 per […] Read more
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