Chicago | Reuters – Chicago Mercantile Exchange (CME) livestock futures had a mixed day of trading on Thursday as a dearth of cash trade fueled more selling of nearby live cattle contracts and buying of the deferred months, traders said. The recent rally on hog futures continued to cool, as the market corrected after a […] Read more
U.S. livestock: Futures mixed as hog futures rally chills
U.S. livestock: Futures mixed as rally on hog futures slows
Chicago | Reuters – Chicago Mercantile Exchange (CME) livestock futures ended the day mixed, with a lack of buying interest and light cash trade prompting dealers on Wednesday to sell their nearby live cattle contracts and buy the deferred months, traders said. Meanwhile, hog traders also took a cue from the cash market, as signs of an […] Read more
U.S. livestock: Cattle futures rally on corn futures slump
Chicago | Reuters – Chicago Mercantile Exchange (CME) feeder cattle futures inched upward on Monday, as corn futures fell sharply and traders hoped that feed costs will continue to remain under pressure. Meanwhile, lean hog futures faced choppy trading on Monday as the market wrestles with continued expectations for – but no clear signs yet […] Read more
U.S. livestock: Hogs top five-week high on China demand expectations
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures reached their highest prices in more than five weeks on Friday on expectations for increased pork demand from China, the world’s top importer. Live cattle futures ended higher after dropping to their lowest prices in more than a week. Hog traders expect China, the […] Read more
U.S. livestock: Hogs rise amid hopes of China pork demand
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures reached their highest prices in about a month on Thursday on expectations of bigger pork imports by China, traders said. A recent rise in Chinese pork prices, linked to an outbreak of a fatal hog disease in Asia, is fueling expectations that buyers there […] Read more
U.S. livestock: Hogs near limit up on renewed pork export hopes
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared by the daily limit and approached a one-month high on Wednesday on renewed hopes that China will increase pork imports to compensate for pigs killed in a widespread outbreak of a fatal swine disease. China’s agriculture ministry said a new outbreak of African swine […] Read more
U.S. livestock: Cattle futures weaken as beef prices decline
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures slumped on Tuesday as concerns about declining beef prices continued to hang over the markets. Decreasing beef prices have spurred expectations that meat packers such as Tyson and Cargill may be less aggressive when bidding to buy cattle, said Mike Sands, […] Read more
U.S. livestock: Live cattle sag as traders eye lower boxed-beef prices
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures ended mostly lower on Monday as weak boxed beef prices fueled concerns about increasing supplies. Select-grade boxed beef was $189.21/cwt on Monday afternoon, down 2.7 per cent from a week ago, according to U.S. Department of Agriculture data issued after the close of trading […] Read more
U.S. livestock: CME hogs book biggest one-week climb since April
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Friday and the most-active August contract recorded its biggest weekly gain since April, supported by expectations of thinning U.S. hog supplies, traders said. A glut of hogs has hung over the futures market for months, but traders see supplies starting to […] Read more
U.S. livestock: Lean hogs end lower
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell about three per cent on Thursday on sluggish cash markets, traders said, retreating after a two-session surge that lifted the August contract to a near-three-week high a day earlier. CME August lean hogs settled down 2.55 cents at 79.175 cents/lb., one day after […] Read more
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