Chicago | Reuters – Chicago Mercantile Exchange live cattle futures dropped on Thursday in a technical-selling and profit-taking setback after scaling to three-week highs the previous day. Strengthening cash beef prices and government data showing smaller-than-expected cattle supplies at feedlots had supported the market earlier this week. “Coming out of the cattle on feed report, […] Read more
U.S. livestock: Live cattle slip from 3-week high in technical setback
U.S. livestock: Lean hogs end limit-up on African swine fever jitters
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures surged on Wednesday as concerns about the spread of African swine fever, particularly in China, fueled buying that took some contracts up by as much as their daily trading limits. Additional support in actively traded December futures stemmed from the contract’s discount to cash hog […] Read more
U.S. livestock: Cattle futures slip from two-week high; hog futures firm
Chicago | Reuters – Chicago Mercantile Exchange cattle futures eased on Tuesday, retreating from a two-week high hit on Monday on a round of profit taking, traders said. Hog futures were higher, supported by a U.S. government report released after the close on Monday that showed supplies were tighter than expected. The most active December […] Read more
U.S. livestock: Cattle, hog futures rebound on supply reports
Chicago | Reuters – Chicago Mercantile Exchange cattle and hog futures rose on Monday, bouncing back from Friday’s decline as traders digested government reports that showed supplies, while remaining abundant, were less than expected. Concerns about the spread of African swine fever in China added support. The U.S. Agriculture Department on Monday reported that beef in cold […] Read more
U.S. livestock: Cattle futures ease ahead of USDA report
Chicago | Reuters — Chicago Mercantile Exchange livestock futures were lower on Friday, with both live cattle and lean hogs easing on worries that U.S. supplies were growing faster than demand, traders and analysts said. Cattle futures declined ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report, which was released after the […] Read more
U.S. livestock: Hogs extend slide, fall below seven-week lows
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slid for the third consecutive session on Thursday and touched their lowest prices in more than seven weeks on concerns about increasing supplies, traders said. The market has weakened since contracts set multi-month highs on Oct. 1 amid worries about meat supplies swelling due to […] Read more
U.S. livestock: Hogs decline on heavier animals, technical selling
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures dropped for the second straight session on Wednesday, on technical selling and after government data showed heavier-weight U.S. hogs that pointed to larger supplies, traders said. Bear-spreading pressured front-month December hogs, which settled down 2.175 cents at 54.7 cents/lb., a decline of about four per […] Read more
U.S. livestock: Cattle futures mostly lower on technical selling
Chicago | Reuters — U.S. cattle futures were mostly lower on Tuesday while lean hogs pared gains late in the session, with each pressured in part by technical selling and profit-taking, traders and analysts said. Some traders were liquidating positions in Chicago Mercantile Exchange cattle futures ahead of a monthly U.S. Department of Agriculture supply […] Read more
U.S. livestock: Hogs surge on cash price optimism
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared as much as three per cent on Monday in bull-spreading linked to hopes of stronger U.S. cash hog prices and fears of African swine fever spreading in top pork consumer China, traders said. The gains came after China reported an African swine fever case […] Read more
U.S. livestock: Cattle futures drop on plentiful supplies, demand concerns
Chicago | Reuters — U.S. cattle futures fell on Friday, pressured by ample supplies and rising concerns about demand amid weakness in global equities markets, traders said. Flat cash markets also cast a bearish tone on the markets. Cash cattle have traded at $111/cwt for five weeks in a row (all figures US$). Most-active CME […] Read more
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