Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell hard Wednesday on profit-taking led by slack meat sales ahead of increased supplies later, traders said. February closed 0.5 cent per pound lower at 158.6 cents, and April down 2.675 cents, to 151.1 cents (all figures US$). Tuesday’s U.S. Department of Agriculture supply/demand report […] Read more
U.S. livestock: CME live cattle, hogs slump on demand, supply jitters
U.S. livestock: CME live cattle, hog futures close mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle ended mixed on Tuesday with nearby contracts supported by their discounts to recent cash prices, while back months sagged on forecasts for increased supplies ahead, traders said. February closed 0.65 cent per pound higher at 159.1 cents, and April up 0.125 cent, to 153.775 cents (all […] Read more
U.S. livestock: CME hog futures resume slide to six-year low
Chicago | Reuters — Chicago Mercantile Exchange lean hogs returned to their lowest level in six years on Monday, pressured by softer cash prices and profit-taking after a futures rally last Friday, traders said. February closed 2.6 cents per pound lower at 61.275 cents, and April down 2.525 cents, to 66.75 cents (all figures US$). […] Read more
U.S. livestock: Bargain hunters reverse CME hog futures losses
Chicago | Reuters — Chicago Mercantile Exchange lean hogs rallied on Friday, with some contracts up the three-cents-per-pound price limit, fueled by bargain hunting following futures’ plunge to a six-year low in the previous session, traders said. February closed 0.6 cent/lb. higher at 63.875 cents, while April and May ended three cents higher at 69.275 […] Read more
U.S. livestock: CME hog futures hit six-year low as supply woes persist
Chicago | Reuters — Chicago Mercantile Exchange lean hogs sagged to a six-year low Thursday, pressured by continued worries over plentiful supplies that sank futures to a five-year bottom on Wednesday, traders said. February closed 1.825 cents per pound lower at 63.275 cents, and set a new contract low of 62.85 cents in electronic trading […] Read more
CME Group to close most open-outcry futures trading pits
Chicago | Reuters — CME Group will shutter most of its open-outcry futures pits by July 2, the world’s largest futures market operator said Wednesday, bringing down the curtain on a once-raucous tradition that has been in decline since the rise of computerized trading. The decision ousts traders of products ranging from grain and livestock […] Read more
U.S. livestock: Supply worries drop lean hogs to five-year low
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hogs fell to their lowest level in five years Wednesday as abundant supplies of heavyweight hogs pressured cash prices and hurt wholesale pork demand, traders said. “We’re simply supply-bearish,” said U.S. Commodities analyst Don Roose. Market-ready (cash) hogs in the Midwest sold steady to $1 lower […] Read more
U.S. livestock: CME live cattle rebound with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher after Tuesday’s choppy session, supported by the wholesale beef price upswing that trumped initial selling, traders said. February closed 0.55 cent per pound higher at 153.75 cents, and April up 0.975 cent, to 150.575 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more
U.S. livestock: Hogs fall to four-year low, cattle tumble on supply
Chicago | Reuters –– U.S. lean hogs fell one per cent to a more than four-year low on Monday, while live and feeder cattle also tumbled as investors liquidated long holdings on signs of plentiful supplies. Hog prices declined in U.S. Midwest cash markets, where pork packers had enough of the animals for their slaughter […] Read more
U.S. livestock: CME live cattle post gains after wild ride
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Friday after an up-and-down session, ultimately supported by short-covering and futures’ discounts to cash prices, traders said. February closed 1.325 cents per pound higher at 154.85 cents, and April up 1.775 cents, to 152.275 cents (all figures US$). This week, packers paid […] Read more
Cyber-Savvy Farmer
