Chicago | Reuters — Chicago Mercantile Exchange live cattle futures edged higher on Friday, buoyed by technical buying and as wintry weather in the U.S. Plains hampered transportation of animals to market, traders and analysts said. Heavy snowfall, rains and falling temperatures in much of the central U.S. stressed livestock, likely slowing weight gains in […] Read more
U.S. livestock: Cattle edge higher on technical buying, weather
U.S. livestock: Cattle jump to contract highs
Chicago | Reuters — U.S. cattle futures climbed to life-of-contract highs on Thursday as a storm brought blizzard-like conditions to much of the Plains cattle belt, stoking expectations of higher prices for the animals in cash markets, traders said. Heavy snow could impede transportation of cattle to market in Nebraska, Kansas, Oklahoma and elsewhere while […] Read more
U.S. livestock: Cattle, hogs mostly higher on technical buying
Chicago | Reuters — U.S. livestock futures were mostly higher on Wednesday, with cattle buoyed by expectations for gains in cash markets while hogs climbed on short covering after staying above Monday’s six-week lows, traders and analysts said. Prices for both cattle and hogs moved in relatively narrow ranges on the Chicago Mercantile Exchange (CME) […] Read more
U.S. livestock: Hogs slump on technical selloff, cash worries
Chicago | Reuters — U.S. lean hog futures declined as much as 1.4 per cent on Monday in technical selling and worries of weaker prices for hogs in cash markets, traders and analysts said. Cattle futures, meanwhile, were mostly higher on light chart-based buying in an abbreviated session at the Chicago Mercantile Exchange ahead of […] Read more
U.S. livestock: Nearby live cattle rise on firm cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Friday, with firm cash cattle markets supporting actively traded nearby months. Forecasts for possible winter weather in the U.S. Plains next week, which could slow down weight gains and cattle marketings, added further support. Feedlot cattle in Nebraska traded at mostly $119/cwt […] Read more
U.S. livestock: February hogs down, cattle up ahead of USDA data
Chicago | Reuters — Chicago Mercantile Exchange cattle futures edged higher while hog futures eased slightly on Thursday as traders awaited the release of two key U.S. government reports. The U.S. Agriculture Department reports, released after the market closed, showed that the U.S. hog herd was slightly lower than analysts were expecting, at 102 per […] Read more
U.S. livestock: Hogs, cattle end mixed ahead of supply reports
Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures ended mixed on Wednesday as traders squared positions ahead of two key U.S. government reports due on Thursday, traders said. The U.S. Department of Agriculture is scheduled to release its monthly cattle on feed report and its quarterly hogs and pigs report […] Read more
U.S. livestock: Hogs slump on technical selling, cattle rebound
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a fourth consecutive session on Tuesday led by the actively traded February contract, which hit a 4-1/2-week low on pressure from its premium over cash hog prices. Ample hog and pork supplies weighed on nearby futures contracts, while losses in deferred months were […] Read more
U.S. livestock: Lean hogs drop on technical selling
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a third straight session on Monday as technical selling and profit-taking dragged prices to a 4-1/2-week low. Another steep sell-off in equities markets also stoked concerns that meat demand may not meet earlier expectations over the coming months. “Today we sucked more futures […] Read more
U.S. livestock: Cattle hit six-week high on technical buying
Chicago | Reuters — U.S. live cattle futures rose sharply for the second straight session on Wednesday, reaching a six-week high, on technical buying and expectations that beef packers would pay higher prices for cattle this week, traders said. Cattle futures had declined earlier on Tuesday before turning higher and then surpassing the previous session’s […] Read more
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